THOR GOLD VENTURES LTD

Company Registration Number:
13909891 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THOR GOLD VENTURES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THOR GOLD VENTURES LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 11 months to 31 December 2022


£

£
Turnover: 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0
Administrative expenses: ( 265,361 ) ( 155,114 )
Other operating income: 0
Operating profit(or loss): (265,361) (155,114)
Interest payable and similar charges: ( 27,129 ) ( 19,042 )
Profit(or loss) before tax: (292,490) (174,156)
Profit(or loss) for the financial year: (292,490) (174,156)

THOR GOLD VENTURES LTD

Balance sheet

As at 31 December 2023

Notes 2023 11 months to 31 December 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 484,455 593,603
Total fixed assets: 484,455 593,603
Current assets
Debtors: 4 256,260 217,505
Total current assets: 256,260 217,505
Creditors: amounts falling due within one year: 5 ( 914,877 ) ( 581,442 )
Net current assets (liabilities): (658,617) (363,937)
Total assets less current liabilities: (174,162) 229,666
Creditors: amounts falling due after more than one year: 6 ( 277,484 ) ( 388,822 )
Provision for liabilities: ( 15,000 ) ( 15,000 )
Total net assets (liabilities): (466,646) (174,156)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (466,647 ) (174,157 )
Total Shareholders' funds: ( 466,646 ) (174,156)

The notes form part of these financial statements

THOR GOLD VENTURES LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 September 2024
and signed on behalf of the board by:

Name: Olusegun Lawson
Status: Director

The notes form part of these financial statements

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. Land is not depreciated. Depreciation on other assets is calculated using the straight-line method to allocate their cost or revalued amounts to their residual values over their estimated useful lives, as follows: Furniture, fittings and equipment 5 years. The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 11 months to 31 December 2022
    Average number of employees during the period 0 0

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 578,953 92,144 671,097
Additions 38,000 38,000
Disposals
Revaluations
Transfers
At 31 December 2023 578,953 130,144 709,097
Depreciation
At 1 January 2023 69,194 8,300 77,494
Charge for year 115,417 31,731 147,148
On disposals
Other adjustments
At 31 December 2023 184,611 40,031 224,642
Net book value
At 31 December 2023 394,342 90,113 484,455
At 31 December 2022 509,759 83,844 593,603

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 11 months to 31 December 2022
£ £
Trade debtors 74,738 35,767
Prepayments and accrued income 15,360 15,576
Other debtors 166,162 166,162
Total 256,260 217,505

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 11 months to 31 December 2022
£ £
Amounts due under finance leases and hire purchase contracts 133,224 133,224
Trade creditors 781,653 448,218
Total 914,877 581,442

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 11 months to 31 December 2022
£ £
Amounts due under finance leases and hire purchase contracts 277,484 388,822
Total 277,484 388,822