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REGISTERED NUMBER: 01250624 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THONG ENTERPRISES LIMITED

THONG ENTERPRISES LIMITED (REGISTERED NUMBER: 01250624)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THONG ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs M P Money





SECRETARY: Miss Z C Money





REGISTERED OFFICE: 32 Harmer Street
Gravesend
Kent
DA12 2AX





REGISTERED NUMBER: 01250624 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

THONG ENTERPRISES LIMITED (REGISTERED NUMBER: 01250624)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,035,278 1,017,645
Investments 5 14,598 14,598
1,049,876 1,032,243

CURRENT ASSETS
Debtors 6 31,037 23,089
Cash at bank 63,960 75,502
94,997 98,591
CREDITORS
Amounts falling due within one year 7 7,170 10,667
NET CURRENT ASSETS 87,827 87,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,703

1,120,167

PROVISIONS FOR LIABILITIES 155,310 152,000
NET ASSETS 982,393 968,167

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 982,293 968,067
SHAREHOLDERS' FUNDS 982,393 968,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

THONG ENTERPRISES LIMITED (REGISTERED NUMBER: 01250624)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 27 September 2024 and were signed by:





Mrs M P Money - Director


THONG ENTERPRISES LIMITED (REGISTERED NUMBER: 01250624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Thong Enterprises 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 amounts invoiced in respect of rent and management fees.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it it be capable of operating in the manner intended by management.

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

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 debtors and creditors, loans from banks and other third parties and 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 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.

THONG ENTERPRISES LIMITED (REGISTERED NUMBER: 01250624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor Computer
property property vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 950,000 67,427 8,237 1,643 1,027,307
Additions - - 20,890 - 20,890
Disposals - - (8,237 ) - (8,237 )
At 31 March 2024 950,000 67,427 20,890 1,643 1,039,960
DEPRECIATION
At 1 April 2023 - - 8,042 1,620 9,662
Charge for year - - 3,039 23 3,062
Eliminated on disposal - - (8,042 ) - (8,042 )
At 31 March 2024 - - 3,039 1,643 4,682
NET BOOK VALUE
At 31 March 2024 950,000 67,427 17,851 - 1,035,278
At 31 March 2023 950,000 67,427 195 23 1,017,645


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 14,598
NET BOOK VALUE
At 31 March 2024 14,598
At 31 March 2023 14,598

THONG ENTERPRISES LIMITED (REGISTERED NUMBER: 01250624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 31,037 23,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44 131
Taxation and social security 90 4,181
Other creditors 7,036 6,355
7,170 10,667