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REGISTERED NUMBER: 00727882 (England and Wales)













THORPEMINSTER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THORPEMINSTER LIMITED (REGISTERED NUMBER: 00727882)

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


THORPEMINSTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr C K Nissen





SECRETARY: Mr C K Nissen





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 00727882 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

THORPEMINSTER LIMITED (REGISTERED NUMBER: 00727882)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 67 80
Investment properties 5 3,232,007 3,044,695
3,232,074 3,044,775

CURRENT ASSETS
Debtors 6 685 685
Cash at bank and in hand 1,741,889 1,663,448
1,742,574 1,664,133
CREDITORS
Amounts falling due within one year 7 193,150 172,266
NET CURRENT ASSETS 1,549,424 1,491,867
TOTAL ASSETS LESS CURRENT LIABILITIES 4,781,498 4,536,642

PROVISIONS FOR LIABILITIES 728,542 524,450
NET ASSETS 4,052,956 4,012,192

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Revaluation reserve 8 3,013,442 2,859,536
Capital redemption reserve 164,834 164,834
Retained earnings 865,680 978,822
SHAREHOLDERS' FUNDS 4,052,956 4,012,192

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:




Mr C K Nissen - Director


THORPEMINSTER LIMITED (REGISTERED NUMBER: 00727882)

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


1. STATUTORY INFORMATION

Thorpeminster 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.

Turnover
Turnover represents rents received and other income received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture & fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is recognised in the profit and loss account for the year. These amounts are not available for distribution as dividends until the related property is sold. The non-distributable amounts are therefore transferred to a separate reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

THORPEMINSTER LIMITED (REGISTERED NUMBER: 00727882)

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


4. TANGIBLE FIXED ASSETS
Office
furniture & Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 3,157 1,118 4,275
DEPRECIATION
At 1 January 2023 3,087 1,108 4,195
Charge for year 10 3 13
At 31 December 2023 3,097 1,111 4,208
NET BOOK VALUE
At 31 December 2023 60 7 67
At 31 December 2022 70 10 80

5. INVESTMENT PROPERTIES
Total
£
FAIR VALUE
At 1 January 2023 3,044,695
Additions 33,407
Revaluations 153,905
At 31 December 2023 3,232,007
NET BOOK VALUE
At 31 December 2023 3,232,007
At 31 December 2022 3,044,695

In the opinion of the directors the open market value of the investment properties at the balance sheet date was £3,232,007 as stated above.

Fair value at 31 December 2023 is represented by:
£
Valuation in 2014 1,878,198
Valuation in 2015 102,568
Valuation in 2016 107,356
Valuation in 2017 113,021
Valuation in 2018 118,997
Valuation in 2019 125,277
Valuation in 2020 131,541
Valuation in 2021 137,593
Valuation in 2022 144,985
Valuation in 2023 153,905
Cost 218,566
3,232,007

THORPEMINSTER LIMITED (REGISTERED NUMBER: 00727882)

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


5. INVESTMENT PROPERTIES - continued

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

2023 2022
£ £
Cost 218,566 185,159

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 685 685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Tax 63,452 42,302
Other creditors 33,818 31,882
Sanderbrook Investments Ltd 90,115 90,115
Directors' current accounts 817 817
Accruals and deferred income 4,948 7,150
193,150 172,266

8. RESERVES
Revaluation
reserve
£
At 1 January 2023 2,859,536
Revaluation in the year 153,906

At 31 December 2023 3,013,442

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £90,115 (2022: £90,115) to Sanderbrook Investments Limited, a company in which Mr C K Nissen also has control and significant influence.