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REGISTERED NUMBER: 12365750 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THROB PROPERTIES LIMITED

THROB PROPERTIES LIMITED (REGISTERED NUMBER: 12365750)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THROB PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G M Hosty
J T Taylor





SECRETARY:





REGISTERED OFFICE: 9 Wellington Park
Bristol
BS8 2UR





REGISTERED NUMBER: 12365750 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

THROB PROPERTIES LIMITED (REGISTERED NUMBER: 12365750)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,464,204 2,034,243

CURRENT ASSETS
Debtors 5 1,050 -
Cash at bank 1,134 43,373
2,184 43,373
CREDITORS
Amounts falling due within one year 6 632,853 547,778
NET CURRENT LIABILITIES (630,669 ) (504,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,833,535

1,529,838

CREDITORS
Amounts falling due after more than one
year

7

1,969,598

1,578,213
NET LIABILITIES (136,063 ) (48,375 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (136,073 ) (48,385 )
(136,063 ) (48,375 )

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.

THROB PROPERTIES LIMITED (REGISTERED NUMBER: 12365750)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





G M Hosty - Director


THROB PROPERTIES LIMITED (REGISTERED NUMBER: 12365750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Throb 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 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 - not provided

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 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 NIL (2022 - NIL).

THROB PROPERTIES LIMITED (REGISTERED NUMBER: 12365750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 January 2023 2,034,243 - 2,034,243
Additions 329,084 30,844 359,928
Refurbishments 77,744 - 77,744
At 31 December 2023 2,441,071 30,844 2,471,915
DEPRECIATION
Charge for year - 7,711 7,711
At 31 December 2023 - 7,711 7,711
NET BOOK VALUE
At 31 December 2023 2,441,071 23,133 2,464,204
At 31 December 2022 2,034,243 - 2,034,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,050 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 631,203 547,298
Accrued expenses 600 480
Tenants Deposits 1,050 -
632,853 547,778

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 1,952,436 1,578,213
Hire purchase contracts 17,162 -
1,969,598 1,578,213

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,952,436 1,578,213

THROB PROPERTIES LIMITED (REGISTERED NUMBER: 12365750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,952,436 1,578,213

9. DIRECTOR'S LOAN ACCOUNTS

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G M Hosty
Balance outstanding at start of year 518,971 457,993
Amounts advanced 90,000 60,978
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 608,971 518,971

J T Taylor
Balance outstanding at start of year 28,327 -
Amounts advanced - 28,327
Amounts repaid (6,095 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,232 28,327