2023-04-012024-03-312024-03-31false00170768Thomas Niven 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Thomas Niven Limited

Registered Number
00170768
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Thomas Niven Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

ASHBRIDGE, Linda Anne

Company Secretary

ASHBRIDGE, Linda Anne

Registered Address

James Watson House Montgomery Way
Rosehill Industrial Estate
Carlisle
CA1 2UU

Registered Number

00170768 (England and Wales)
Thomas Niven Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments31,002,465972,885
1,002,465972,885
Creditors amounts falling due within one year4(73,962)(71,340)
Net current assets (liabilities)(73,962)(71,340)
Total assets less current liabilities928,503901,545
Provisions for liabilities5(26,403)(20,378)
Net assets902,100881,167
Capital and reserves
Called up share capital11,11011,110
Revaluation reserve275,064335,669
Other reserves3,4903,490
Profit and loss account612,436530,898
Shareholders' funds902,100881,167
The financial statements were approved and authorised for issue by the Director on 16 July 2024, and are signed on its behalf by:
ASHBRIDGE, Linda Anne
Director
Registered Company No. 00170768
Thomas Niven Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year11
3.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 23972,885972,885
Revaluations29,58029,580
At 31 March 241,002,4651,002,465
Net book value
At 31 March 241,002,4651,002,465
At 31 March 23972,885972,885

Notes

1Other investments other than loans
4.Creditors: amounts due within one year

2024

2023

££
Other creditors71,42269,130
Accrued liabilities and deferred income2,5402,210
Total73,96271,340
5.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is made up of £26,403 in respect of fair value on investments.

2024

2023

££
Net deferred tax liability (asset)26,40320,378
Total26,40320,378
6.Related party transactions
The company is under the control of the Executors of the Estate of Mr T Niven. At the reporting date £71,422 (2023 - £69,130) was owed by the company to the T Niven Discretionary Trust. This is included within creditors and is unsecured, interest free and repayable on demand.