Thessalon Limited 05246744 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of an investment holding company Digita Accounts Production Advanced 6.30.9574.0 true Mr N R Hogan Laggan Secretaries Ltd true 05246744 2023-01-01 2023-12-31 05246744 2023-12-31 05246744 bus:OrdinaryShareClass1 2023-12-31 05246744 core:RetainedEarningsAccumulatedLosses 2023-12-31 05246744 core:ShareCapital 2023-12-31 05246744 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-12-31 05246744 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05246744 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 05246744 bus:FRS102 2023-01-01 2023-12-31 05246744 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05246744 bus:FullAccounts 2023-01-01 2023-12-31 05246744 bus:RegisteredOffice 2023-01-01 2023-12-31 05246744 bus:CompanySecretary1 2023-01-01 2023-12-31 05246744 bus:Director6 2023-01-01 2023-12-31 05246744 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05246744 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 05246744 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05246744 countries:EnglandWales 2023-01-01 2023-12-31 05246744 2022-01-01 2022-12-31 05246744 2022-12-31 05246744 bus:OrdinaryShareClass1 2022-12-31 05246744 core:RetainedEarningsAccumulatedLosses 2022-12-31 05246744 core:ShareCapital 2022-12-31 05246744 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05246744 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05246744

Thessalon Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Thessalon Limited

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Thessalon Limited

(Registration number: 05246744)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

3

34,171

34,171

Current assets

 

Cash at bank and in hand

 

4

4

Creditors: Amounts falling due within one year

5

(80,014)

(80,014)

Net current liabilities

 

(80,010)

(80,010)

Total assets less current liabilities

 

(45,839)

(45,839)

Creditors: Amounts falling due after more than one year

5

(175,099)

(175,099)

Net liabilities

 

(220,938)

(220,938)

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

(220,942)

(220,942)

Shareholders' deficit

 

(220,938)

(220,938)

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.

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 13 September 2024
 

.........................................
Mr N R Hogan
Director

   
     
 

Thessalon 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:
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

These financial statements were authorised for issue by the director on 13 September 2024.

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 notwithstanding the net current asset deficiency on the basis that the company will be supported, financially, by the shareholders’/ parent company to enable the company to meet its financial obligations as and when they fall due.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Thessalon Limited

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

3

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

34,171

34,171

At 31 December 2023

34,171

34,171

Impairment

Carrying amount

At 31 December 2023

34,171

34,171

4

Cash and cash equivalents

2023
£

2022
£

Cash on hand

4

4

5

Creditors

2023
£

2022
£

Due within one year

Trade creditors

78,214

78,214

Accruals

1,800

1,800

80,014

80,014

Due after one year

Other non-current financial liabilities

175,099

175,099

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

         
 

Thessalon Limited

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

7

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).