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REGISTERED NUMBER: 03704523 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

THISTLEWOOD PROPERTIES LIMITED

THISTLEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 03704523)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


THISTLEWOOD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mr M J Moss
Mrs S Moss
Mr H Moss





SECRETARY: Mrs S Moss





REGISTERED OFFICE: Mayfield
Wilmslow Road
Alderley Edge
Cheshire
SK9 7QW





REGISTERED NUMBER: 03704523 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

THISTLEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 03704523)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,084 3,175
Investments 5 401 301
9,485 3,476

CURRENT ASSETS
Stocks 273,719 399,105
Debtors 6 665,767 794,809
Cash at bank 297,199 63,771
1,236,685 1,257,685
CREDITORS
Amounts falling due within one year 7 729,511 773,717
NET CURRENT ASSETS 507,174 483,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,659

487,444

CREDITORS
Amounts falling due after more than one
year

8

(23,993

)

(33,868

)

PROVISIONS FOR LIABILITIES 9 (2,271 ) (794 )
NET ASSETS 490,395 452,782

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 490,393 452,780
SHAREHOLDERS' FUNDS 490,395 452,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

THISTLEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 03704523)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2024 and were signed on its behalf by:





Mr M J Moss - Director


THISTLEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 03704523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Thistlewood Properties 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.

Turnover
Turnover represents net invoiced sales of properties and services, excluding value added tax.

The sale of properties is recognised when contracts are exchanged.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

THISTLEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 03704523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 22,031
Additions 7,773
At 30th November 2023 29,804
DEPRECIATION
At 1st December 2022 18,856
Charge for year 1,864
At 30th November 2023 20,720
NET BOOK VALUE
At 30th November 2023 9,084
At 30th November 2022 3,175

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st December 2022 301
Additions 100
At 30th November 2023 401
NET BOOK VALUE
At 30th November 2023 401
At 30th November 2022 301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 665,767 794,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,877 9,634
Trade creditors 13,585 44,331
Taxation and social security 68,283 33,520
Other creditors 637,766 686,232
729,511 773,717

THISTLEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 03704523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,993 33,868

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,271 794

Deferred
tax
£   
Balance at 1st December 2022 794
Charge to Statement of Income and Retained Earnings during year 1,477
Transfer from profit and loss
Balance at 30th November 2023 2,271

Deferred tax arises as a result of accelerated capital allowances on fixed assets.

10. CALLED UP SHARE CAPITAL

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