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Registration number: 04284500

Thames Vale Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Thames Vale Investments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Thames Vale Investments Limited

(Registration number: 04284500)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

19,169

32,354

Investments

2,750,017

2,206,819

 

2,769,186

2,239,173

Current assets

 

Debtors

6

14,080

4,818

Investments

7

447,553

484,567

Cash at bank and in hand

 

1,793,966

2,369,186

 

2,255,599

2,858,571

Creditors: Amounts falling due within one year

8

(36,000)

(122,640)

Net current assets

 

2,219,599

2,735,931

Total assets less current liabilities

 

4,988,785

4,975,104

Provisions for liabilities

(115,589)

(124,874)

Net assets

 

4,873,196

4,850,230

Capital and reserves

 

Called up share capital

490,909

490,909

Other reserves

644,625

662,588

Profit and loss account

3,737,662

3,696,733

Total equity

 

4,873,196

4,850,230

 

Thames Vale Investments Limited

(Registration number: 04284500)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2024 and signed on its behalf by:
 

.........................................
Mr BP Eighteen
Director

 

Thames Vale Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Chestnuts
Tydehams
Newbury
Berkshire
RG14 6JT
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences.

Where deferred tax arises on fair value adjustments the appropriate amount of deferred tax is also moved to non-distributable reserves.

 

Thames Vale Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.3% on cost

Motor Vehicles

25% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at cost with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Fair value changes recognised in the profit and loss account are also transferred to non distributable reserves on the balance sheet.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Thames Vale Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

3,677

52,740

56,417

At 31 December 2023

3,677

52,740

56,417

Depreciation

At 1 January 2023

3,677

20,386

24,063

Charge for the year

-

13,185

13,185

At 31 December 2023

3,677

33,571

37,248

Carrying amount

At 31 December 2023

-

19,169

19,169

At 31 December 2022

-

32,354

32,354

 

Thames Vale Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Investments

2023
£

2022
£

Investments in associates

2,750,017

2,206,819

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Associates

Thames Vale Properties Limited

The Chestnuts
Tydehams
Newbury
Berkshire
RG14 6JT

Ordinary

50%

40%

 

England

     

Associates

Thames Vale Properties Limited

The principal activity of Thames Vale Properties Limited is property development and letting of commercial and residential property.

Associates

£

Fair value

At 1 January 2023

2,206,818

Fair value adjustments

13,062

Additions

530,137

At 31 December 2023

2,750,017

Fair Value is determined by taking the appropriate share of the Associates net asset value. Deferred tax is provided on any increase in value that would be subject to Corporation Tax under current taxation rules.

 

Thames Vale Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Debtors

2023
£

2022
£

Other debtors

14,080

4,818

14,080

4,818

7

Current asset investments

2023
£

2022
£

Other investments

447,553

484,567

Other Investments comprise Listed Investments which are stated at fair value.

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

-

100,000

Taxation and social security

 

13,347

212

Other creditors

 

22,653

22,428

 

36,000

122,640

 

Thames Vale Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Related party transactions

Summary of transactions with other related parties

Mr B P Eighteen is a director of Thames Vale Properties Ltd. Mr B P Eighteen, Mrs C Eighteen and Thames Vale Investments Limited control Thames Vale Properties Limited.

£3,289 (2022 - £862) is due to Thames Vale Investments Limited from Thames Vale Properties Limited at 31 December 2023 for purchases made.




 Included within other creditors at 31 December 2023 is a balance due to the directors of £20,493 (2022 - £19,731).