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REGISTERED NUMBER: 07556271 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Thaw Partners Limited

Thaw Partners Limited (Registered number: 07556271)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Thaw Partners Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Blatch
Mrs H Blatch



SECRETARY:



REGISTERED OFFICE: Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



REGISTERED NUMBER: 07556271 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: HSBC
62 Market Street
Ashby De La Zouch
Leicestershire
LE65 1BE

Thaw Partners Limited (Registered number: 07556271)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,601 205,232
Investments 5 96,000 96,000
289,601 301,232

CURRENT ASSETS
Debtors 6 50,898 50,597
Cash at bank 5,338 7,228
56,236 57,825
CREDITORS
Amounts falling due within one year 7 335,262 353,098
NET CURRENT LIABILITIES (279,026 ) (295,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,575

5,959

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 10,475 5,859
SHAREHOLDERS' FUNDS 10,575 5,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Thaw Partners Limited (Registered number: 07556271)

Statement of Financial Position - continued
31 March 2024


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 10 July 2024 and were signed on its behalf by:





T Blatch - Director


Thaw Partners Limited (Registered number: 07556271)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thaw Partners 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 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.
Freehold property - 4% on cost
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Loans from directors
Any loans from the directors to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Thaw Partners Limited (Registered number: 07556271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 268,886 98,559 15,483 382,928
DEPRECIATION
At 1 April 2023 64,530 97,683 15,483 177,696
Charge for year 10,755 876 - 11,631
At 31 March 2024 75,285 98,559 15,483 189,327
NET BOOK VALUE
At 31 March 2024 193,601 - - 193,601
At 31 March 2023 204,356 876 - 205,232

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 96,000
NET BOOK VALUE
At 31 March 2024 96,000
At 31 March 2023 96,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 339 339
Owed by related parties 49,071 48,964
Prepayments 1,488 1,294
50,898 50,597

Thaw Partners Limited (Registered number: 07556271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16 1
Tax 8,499 8,601
VAT 2,845 2,711
Other creditors 3,300 3,300
Directors' current accounts 319,333 337,333
Accrued expenses 1,269 1,152
335,262 353,098

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company owns a 50% share in T & H Blatch - a partnership in which the directors are controlling partners.
At the balance sheet date the amount owing to Thaw Partners Limited from the partnership was £49,071 (2023 - £48,964).