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REGISTERED NUMBER: 01160386 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THAMESIDE PROPERTY COMPANY LIMITED

THAMESIDE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01160386)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THAMESIDE PROPERTY COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: D E M Thomas
C M L Perring





SECRETARY: C M L Perring





REGISTERED OFFICE: Lancaster House
Barrack Lane
Windsor
Berks
SL4 1HD





REGISTERED NUMBER: 01160386 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

THAMESIDE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01160386)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 -

CURRENT ASSETS
Debtors 5 4,185,523 3,488,762
Cash at bank 514,759 1,213,901
4,700,282 4,702,663
CREDITORS
Amounts falling due within one year 6 2,099 328,397
NET CURRENT ASSETS 4,698,183 4,374,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,698,283

4,374,266

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 4,698,183 4,374,166
SHAREHOLDERS' FUNDS 4,698,283 4,374,266

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





C M L Perring - Director


THAMESIDE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01160386)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Thameside Property Company 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation
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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 100
At 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100

THAMESIDE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01160386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 2,596,315 2,616,664
Other debtors 691,503 -
Amounts owed by associated group 897,437 872,098
VAT 268 -
4,185,523 3,488,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 100 326,398
Accrued expenses and Income received in
advance

1,999

1,999
2,099 328,397

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Shares £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 4,374,166
Profit for the year 324,017
At 31 December 2023 4,698,183

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year £56,000 (2022 £51,115) administration charges were paid to Greenflash, a company which C Perring controls. £5,012 (2022 £3,711) other operating expenses were also paid.

During the year £6,500 (2022 £Nil) administration charges were paid to C Perring.

10. RELATED PARTY DISCLOSURES

During the year £Nil (2022 £12,946) management fees were paid to Wayseal Properties Limited.

During the year, loan interest of £48,602 (2022 £48,213) was charged to Windsor Estates Finance Limited, a fellow subsidiary within the group.

During the year, loan interest of £25,339 (2022 £25,136) was charged to Lancaster Capital Ventures Limited, a company in the associated group.

At the year end there was a loan balance of £691,503 due from D Thomas, a director of the company. This was repaid within 9 months.

THAMESIDE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01160386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wayseal Holdings Limited, registered in England, of which the ultimate controlling party is C M L Perring and M E J Thomas.

Wayseal Holdings Ltd is also the immediate parent company, within the group, which will draw up consolidated financial statements.