IRIS Accounts Production v23.3.1.45 10773639 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107736392022-05-31107736392023-05-31107736392022-06-012023-05-31107736392021-05-31107736392021-06-012022-05-31107736392022-05-3110773639ns10:Originalns15:EnglandWales2022-06-012023-05-3110773639ns14:PoundSterlingns10:Original2022-06-012023-05-3110773639ns10:Originalns10:Director12022-06-012023-05-3110773639ns10:Original2022-06-012023-05-3110773639ns10:Original2023-05-3110773639ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3110773639ns10:Originalns10:SmallEntities2022-06-012023-05-3110773639ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3110773639ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3110773639ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3110773639ns10:Originalns10:FullAccounts2022-06-012023-05-3110773639ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3110773639ns10:Originalns10:Director22022-06-012023-05-3110773639ns10:CompanySecretary1ns10:Original2022-06-012023-05-3110773639ns10:Originalns10:RegisteredOffice2022-06-012023-05-3110773639ns10:Original2022-05-3110773639ns10:Originalns5:CurrentFinancialInstruments2023-05-3110773639ns10:Originalns5:CurrentFinancialInstruments2022-05-3110773639ns10:Originalns5:Non-currentFinancialInstruments2023-05-3110773639ns10:Originalns5:Non-currentFinancialInstruments2022-05-3110773639ns5:ShareCapitalns10:Original2023-05-3110773639ns5:ShareCapitalns10:Original2022-05-3110773639ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3110773639ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-3110773639ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3110773639ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3110773639ns10:Original2021-06-012022-05-3110773639ns10:Originalns5:ComputerEquipment2022-06-012023-05-3110773639ns10:Originalns5:ComputerEquipment2023-05-3110773639ns10:Original2022-05-3110773639ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3110773639ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3110773639ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3110773639ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-05-3110773639ns5:Securedns10:Original2023-05-3110773639ns5:Securedns10:Original2022-05-3110773639ns10:Originalns10:OrdinaryShareClass12023-05-3110773639ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-31
REGISTERED NUMBER: 10773639 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

THOMAS INVESTMENTS LIMITED

THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMAS INVESTMENTS LIMITED

Company Information
for the Year Ended 31 May 2023







Directors: S J Thomas
V L Turnham





Secretary: S J Thomas





Registered office: 178 Davyhulme Road
Davyhulme
Manchester
M41 8QD





Registered number: 10773639 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 913 -
Investment property 6 150,000 145,000
150,913 145,000

Current assets
Debtors 7 - 45
Cash at bank 877 2,028
877 2,073
Creditors
Amounts falling due within one year 8 23,170 47,000
Net current liabilities (22,293 ) (44,927 )
Total assets less current liabilities 128,620 100,073

Creditors
Amounts falling due after more than one
year

9

(116,230

)

(89,540

)

Provisions for liabilities (5,328 ) (4,378 )
Net assets 7,062 6,155

Capital and reserves
Called up share capital 11 2 2
Fair value reserve 12 22,715 18,665
Retained earnings (15,655 ) (12,512 )
Shareholders' funds 7,062 6,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





S J Thomas - Director


THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. Statutory information

Thomas Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
As at 31 May 2023 the company had net current liabilities of £22,293 (2022 - £44,927.). The company is dependent on the continued support of the directors who have confirmed their commitment to continue to provide the necessary support.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the directors were not to provide further support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer Equipment 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


3. Accounting policies - continued

Investment property
Investment properties are shown at fair value. Any surplus or deficit arising from changes in fair value is charged or credited to the profit and loss account for the period and then transferred to a non-distributable reserve.

Although this policy is in accordance with FRS 102 it is a departure from the general requirement of the Companies Act for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

5. Tangible fixed assets
Computer
equipment
£   
Cost
Additions 1,369
At 31 May 2023 1,369
Depreciation
Charge for year 456
At 31 May 2023 456
Net book value
At 31 May 2023 913

Included in cost of land and buildings is freehold land of £ 125,000 which is not depreciated.

6. Investment property
Total
£   
Fair value
At 1 June 2022 145,000
Revaluations 5,000
At 31 May 2023 150,000
Net book value
At 31 May 2023 150,000
At 31 May 2022 145,000

THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


6. Investment property - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2018 125,000
Valuation in 2019 2,500
Valuation in 2020 7,500
Valuation in 2021 3,000
Valuation in 2022 7,000
Valuation in 2023 5,000
150,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 121,958 121,958

Investment property was valued on an open market basis on 31 May 2023 by the directors .

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 45

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Other creditors 23,170 47,000

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 116,230 89,540

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 116,230 89,540

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 116,230 89,540

The bank loan is secured on the investment property.

THOMAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10773639)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

12. Reserves
Fair
value
reserve
£   
At 1 June 2022 18,665
Fair value adjustment 4,050

At 31 May 2023 22,715