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REGISTERED NUMBER: 12907964 (England and Wales)















Thranation Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Thranation Limited (Registered number: 12907964)

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


Thranation Limited

Company Information
for the year ended 31 December 2023







Directors: K J Bevan
D Thranum





Registered office: 6 Walpole Road
Twickenham
Surrey
TW2 5SN





Registered number: 12907964 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Thranation Limited (Registered number: 12907964)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 955,235 895,544

Current assets
Debtors 5 100 100
Cash at bank 464,021 65,276
464,121 65,376
Creditors
Amounts falling due within one year 6 3,120 2,000
Net current assets 461,001 63,376
Total assets less current liabilities 1,416,236 958,920

Capital and reserves
Called up share capital 100 100
Retained earnings 1,416,136 958,820
1,416,236 958,920

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 13 September 2024 and were signed on its behalf by:





K J Bevan - Director


Thranation Limited (Registered number: 12907964)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Thranation 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable from the company's investments, recognised when received.

Financial instruments
The company has adopted section 11 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

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.

Thranation Limited (Registered number: 12907964)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. Employees and directors

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

4. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 January 2023 895,544
Additions 152,154
Disposals (147,345 )
Revaluations 54,882
At 31 December 2023 955,235
Net book value
At 31 December 2023 955,235
At 31 December 2022 895,544

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£
Valuation in 2023 955,235

If investments had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 874,325 878,859

Investments were valued on an open market basis on 31 December 2023 by the investment portfolio manager .

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 100 100

6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 3,120 2,000