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REGISTERED NUMBER: 02069607 (England and Wales)



















Financial Statements

for the Year Ended 31st December 2023

for

THAMES CONTEMPORARY HOMES (OVAL) LIMITED

THAMES CONTEMPORARY HOMES (OVAL) LIMITED (REGISTERED NUMBER: 02069607)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THAMES CONTEMPORARY HOMES (OVAL) LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: V Khanna
A E Khanna
K P Khanna
N N Khanna



SECRETARY: K Jeyavarathan



REGISTERED OFFICE: North Farm Industrial Estate
Longfield Road
Tunbridge Wells
Kent
TN2 3EY



REGISTERED NUMBER: 02069607 (England and Wales)



SENIOR STATUTORY AUDITOR: Alasdair Weaks



AUDITORS: Simpson Wreford & Partners
Chartered Accountants & Statutory Auditors
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

THAMES CONTEMPORARY HOMES (OVAL) LIMITED (REGISTERED NUMBER: 02069607)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 29,848 1,002,747
Cash at bank 7,117 20,829
36,965 1,023,576
CREDITORS
Amounts falling due within one year 5 28,797 949,835
NET CURRENT ASSETS 8,168 73,741
TOTAL ASSETS LESS CURRENT LIABILITIES 8,168 73,741

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 8,068 73,641
SHAREHOLDERS' FUNDS 8,168 73,741

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2024 and were signed on its behalf by:





K P Khanna - Director


THAMES CONTEMPORARY HOMES (OVAL) LIMITED (REGISTERED NUMBER: 02069607)

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

1. STATUTORY INFORMATION

The company 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.

The financial statements have been prepared in pound sterling, the functional currency of the company, and monetary amounts in these financial statements have been rounded to the nearest £.

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.

Turnover comprises ground rent and other rent receivable and is recognised when due. Any amounts received in advance or arrears are included in deferred or accrued income as applicable.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Finance and borrowing costs
Finance costs are charged to the income statement over the term of the debt using the effective interest method, so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

All borrowing costs are recognised in the income statement in the year in which they are incurred.

THAMES CONTEMPORARY HOMES (OVAL) LIMITED (REGISTERED NUMBER: 02069607)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,060 -
Amounts owed by group undertakings 25,000 999,242
Prepayments and accrued income 1,788 3,505
29,848 1,002,747

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 275 1,348
Amounts owed to group undertakings - 900,000
Tax 2,144 18,761
Other creditors 25,078 20,174
Accruals and deferred income 1,300 9,552
28,797 949,835

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number Class Nominal Value 31.12.2023 31.12.2022

10 A Ordinary £1 10 10
70 B Ordinary £1 70 70
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
100 100

There are no restrictions on the distribution of dividends and the repayment of capital.

7. AUDITORS' INFORMATION

The audit report provided to the members of Thames Contemporary Homes (Oval) Limited on the financial statements for the year ended 31st December 2023 was not qualified.

The audit report was signed by Alasdair Weaks (Senior Statutory Auditor) for and on behalf of Simpson Wreford & Partners, Chartered Accountants and Statutory Auditor.

8. RELATED PARTY DISCLOSURES

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 33 paragraph 33.1A, as the company is itself a wholly owned subsidiary of Thames Motor Group Limited.

THAMES CONTEMPORARY HOMES (OVAL) LIMITED (REGISTERED NUMBER: 02069607)

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

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Thames Motor Group Limited, a company registered in England and Wales.

The ultimate controlling party is Mr V Khanna, a director.

Thames Motor Group Limited prepares consolidated financial statements and copies can be obtained from its registered office address, North Farm Industrial Estate, Longfield Road, Tunbridge Wells, Kent, TN2 3EY.