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Registration number: 12392370

THANKFUL LONDON LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

THANKFUL LONDON LIMITED

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

 

THANKFUL LONDON LIMITED

Company Information

Director

Ms Andreea Ecaterina Mocanu

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

THANKFUL LONDON LIMITED

Director's Report for the Year Ended 31 January 2024

The director presents her report and the financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 8 October 2024
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

THANKFUL LONDON LIMITED

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(2,450)

(2,450)

Operating loss

 

(2,450)

(2,450)

Loss before tax

(2,450)

(2,450)

Loss for the financial year

 

(2,450)

(2,450)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

THANKFUL LONDON LIMITED

Statement of Comprehensive Income for the Year Ended 31 January 2024

2024
£

2023
£

Loss for the year

(2,450)

(2,450)

Total comprehensive income for the year

(2,450)

(2,450)

 

THANKFUL LONDON LIMITED

(Registration number: 12392370)
Balance Sheet as at 31 January 2024

Note

2024
£

As restated

2023
£

Fixed assets

 

Investments

4

3,679,032

3,679,032

Other financial assets

5

420,594

420,594

 

4,099,626

4,099,626

Current assets

 

Cash at bank and in hand

 

1

1

Creditors: Amounts falling due within one year

6

(13,219)

(10,769)

Net current liabilities

 

(13,218)

(10,768)

Net assets

 

4,086,408

4,088,858

Capital and reserves

 

Called up share capital

7

4,099,627

4,099,627

Retained earnings

(13,219)

(10,769)

Shareholders' funds

 

4,086,408

4,088,858

For the financial year ending 31 January 2024 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 her 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.

Approved and authorised by the director on 8 October 2024
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

THANKFUL LONDON LIMITED

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

4,099,627

(10,769)

4,088,858

Loss for the year

-

(2,450)

(2,450)

At 31 January 2024

4,099,627

(13,219)

4,086,408

Share capital
£

Retained earnings
£

Total
£

At 1 February 2022

1

(8,319)

(8,318)

Loss for the year

-

(2,450)

(2,450)

New share capital subscribed

4,099,626

-

4,099,626

At 31 January 2023

4,099,627

(10,769)

4,088,858

 

THANKFUL LONDON LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the director on 8 October 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.

Group accounts not prepared

The financial statements contain information about Thankful London Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

THANKFUL LONDON LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

3,679,032

3,679,032

 

THANKFUL LONDON LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Subsidiaries

£

Cost or valuation

At 1 February 2023

3,679,032

Provision

Carrying amount

At 31 January 2024

3,679,032

At 31 January 2023

3,679,032

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

BETULLA SRL

36100 Vicenza (VI) Via Ludovico Lazzaro
Zamenhof 795

Italy

Ordinary shares

90.91%

90.91%

 

THANKFUL LONDON LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 February 2023

420,594

420,594

At 31 January 2024

420,594

420,594

Impairment

Carrying amount

At 31 January 2024

420,594

420,594

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

13,219

10,769

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of €1 each

4,580,922

4,099,626

4,580,922

4,099,626

Ordinary shares of £1 each

1

1

1

1

4,580,923

4,099,627

4,580,923

4,099,627

8

Related party transactions

Loans from related parties

 

THANKFUL LONDON LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2024

Other related parties
£

Total
£

At start of period

5,910

5,910

Advanced

2,450

2,450

At end of period

8,360

8,360

2023

Other related parties
£

Total
£

At start of period

1,149,598

1,149,598

Advanced

2,350

2,350

Repaid

(1,146,038)

(1,146,038)

At end of period

5,910

5,910

Terms of loans from related parties

Shareholders loan, interest free with no repayment date specified