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REGISTERED NUMBER: 03843469 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THOMPSON HOMES (YORKSHIRE) LTD.

THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

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


THOMPSON HOMES (YORKSHIRE) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Brian Thompson
Miss Samantha Jane Boothby





REGISTERED OFFICE: Beacon Works
Beacon Brow Road
Scalby
Scarborough
North Yorkshire
YO13 0RB





REGISTERED NUMBER: 03843469 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 2,237,547 1,861,769
Investment property 6 530,000 530,000
2,770,547 2,395,769

CURRENT ASSETS
Stocks 407,813 1,479,427
Debtors 7 1,817,017 1,065,107
Cash at bank and in hand 1,715,402 1,850,450
3,940,232 4,394,984
CREDITORS
Amounts falling due within one year 8 221,770 172,517
NET CURRENT ASSETS 3,718,462 4,222,467
TOTAL ASSETS LESS CURRENT LIABILITIES 6,489,009 6,618,236

PROVISIONS FOR LIABILITIES 9 146,114 115,435
NET ASSETS 6,342,895 6,502,801

CAPITAL AND RESERVES
Called up share capital 1,300,001 1,300,001
Fair value reserve 10 78,064 78,064
Retained earnings 4,964,830 5,124,736
6,342,895 6,502,801

THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

BALANCE SHEET - continued
31 MARCH 2024


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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr Brian Thompson - Director


THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

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


1. STATUTORY INFORMATION

Thompson Homes (Yorkshire) Ltd. 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 presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Revenue from private house sales is recognised in the profit and loss account when the significant risks and rewards of ownership have been transferred to the purchaser. Revenue from contracting work is recognised by reference to the stage of completion of the contract at the balance sheet date where the outcome can be estimated reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold improvements - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Stocks
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis.


THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 6,000
Amortisation for year 1,000
At 31 March 2024 7,000
NET BOOK VALUE
At 31 March 2024 3,000
At 31 March 2023 4,000

THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

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


5. TANGIBLE FIXED ASSETS
Long
Freehold leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 April 2023 1,499,636 48,744 562,918
Additions 253,062 - 186,300
Disposals - - -
At 31 March 2024 1,752,698 48,744 749,218
DEPRECIATION
At 1 April 2023 - 48,744 239,527
Charge for year - - 58,468
Eliminated on disposal - - -
At 31 March 2024 - 48,744 297,995
NET BOOK VALUE
At 31 March 2024 1,752,698 - 451,223
At 31 March 2023 1,499,636 - 323,391

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 99,465 49,225 2,259,988
Additions 2,263 - 441,625
Disposals - (15,490 ) (15,490 )
At 31 March 2024 101,728 33,735 2,686,123
DEPRECIATION
At 1 April 2023 70,027 39,921 398,219
Charge for year 4,663 2,196 65,327
Eliminated on disposal - (14,970 ) (14,970 )
At 31 March 2024 74,690 27,147 448,576
NET BOOK VALUE
At 31 March 2024 27,038 6,588 2,237,547
At 31 March 2023 29,438 9,304 1,861,769

THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 530,000
NET BOOK VALUE
At 31 March 2024 530,000
At 31 March 2023 530,000

Investment properties included at fair value would have been included on a historical cost basis at:

2024 2023
£ £

Cost 427,000 427,000

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements.

During the year an increase in the fair value of investment properties of 2024 (Nil) 2023 £30,000 has been included directly in the profit and loss account.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 739 2,319
Other debtors 1,816,278 1,062,788
1,817,017 1,065,107

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 167,476 100,501
Taxation and social security - 44,358
Other creditors 54,294 27,658
221,770 172,517

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 121,212 90,533
Deferred tax on investment property 24,902 24,902
146,114 115,435

THOMPSON HOMES (YORKSHIRE) LTD. (REGISTERED NUMBER: 03843469)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 115,435
Provided during year 30,679
Balance at 31 March 2024 146,114

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 78,064

11. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption conferred by section 1AC.35 of FRS 102 Section 1A not to disclose transactions with wholly owned group members.

Directors' current account

Included within creditors due within one year is £24,049 (2023 £10,624) owing to a director of the company. The loan is deemed to be repayable on demand and no interest has been charged to the company on the amount outstanding.

Other related party transactions

Included within debtors due within one year is £1,784,867 (2023 £950,000) owed from Thompson Property Limited, a connected company. The loan is deemed to be repayable on demand and no interest has been charged by the company on the amount outstanding.

An unlimited inter company composite guarantee is provided by Thompson Homes (Yorkshire)
Limited between Thompson Property Limited and Thompson Homes (Yorkshire) Limited supported by
a debenture over it's whole assets and undertaking.

12. CONTROLLING PARTY

The company is a wholly owned subsidiary of Thompson Homes (Yorkshire) Holdings Limited, whose company reference is 13136685 and who's registered office and principal place of business is Beacon Works Barmoor Lane, Scalby, Scarborough, United Kingdom, YO13 0RB

Thompson Homes (Yorkshire) Holding Limited is under the control of its director Mr B Thompson, and as such he is deemed the ultimate controlling party.