SIR THOMAS DEVELOPMENTS LTD 12225285 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 12225285 2022-10-01 2023-09-30 12225285 2023-09-30 12225285 bus:OrdinaryShareClass1 2023-09-30 12225285 core:RetainedEarningsAccumulatedLosses 2023-09-30 12225285 core:ShareCapital 2023-09-30 12225285 core:CurrentFinancialInstruments 2023-09-30 12225285 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12225285 bus:SmallEntities 2022-10-01 2023-09-30 12225285 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12225285 bus:FilletedAccounts 2022-10-01 2023-09-30 12225285 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12225285 bus:RegisteredOffice 2022-10-01 2023-09-30 12225285 bus:Director1 2022-10-01 2023-09-30 12225285 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 12225285 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12225285 countries:England 2022-10-01 2023-09-30 12225285 2022-09-30 12225285 2021-10-01 2022-09-30 12225285 2022-09-30 12225285 bus:OrdinaryShareClass1 2022-09-30 12225285 core:RetainedEarningsAccumulatedLosses 2022-09-30 12225285 core:ShareCapital 2022-09-30 12225285 core:CurrentFinancialInstruments 2022-09-30 12225285 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12225285

SIR THOMAS DEVELOPMENTS LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

SIR THOMAS DEVELOPMENTS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

SIR THOMAS DEVELOPMENTS LTD

Company Information

Director

Mr Brian David Price

Registered office

Exchange Station, Tithebarn Street
Liverpool
L2 2QP

Accountants

Phil Owen & Co Limited
Chartered Accountant
22 Pall Mall
Liverpool
Merseyside
L3 6AL

 

SIR THOMAS DEVELOPMENTS LTD

(Registration number: 12225285)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

170,000

170,000

Current assets

 

Debtors

5

28,500

13,100

Creditors: Amounts falling due within one year

6

(11,670)

(8,322)

Net current assets

 

16,830

4,778

Net assets

 

186,830

174,778

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

186,730

174,678

Shareholders' funds

 

186,830

174,778

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
Mr Brian David Price
Director

 

SIR THOMAS DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Exchange Station, Tithebarn Street
Liverpool
L2 2QP

These financial statements were authorised for issue by the director on 19 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SIR THOMAS DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3

Staff numbers

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

4

Investment properties

2023
£

At 1 October

170,000

At 30 September

170,000

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

2022
£

Other debtors

28,500

13,100

 

28,500

13,100

 

SIR THOMAS DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

11,670

8,322

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100