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REGISTERED NUMBER: 03776945 (England and Wales)















Thatched Owners Insurance Services
Limited

Financial Statements For The Year Ended 29 February 2024






Thatched Owners Insurance Services
Limited (Registered number: 03776945)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Thatched Owners Insurance Services
Limited

Company Information
For The Year Ended 29 February 2024







DIRECTOR: T A New





SECRETARY: Pyrmont Limited





REGISTERED OFFICE: The Straw Barn
Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF





REGISTERED NUMBER: 03776945 (England and Wales)





ACCOUNTANTS: Premier Accountancy
Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF

Thatched Owners Insurance Services
Limited (Registered number: 03776945)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,261 52,261
Tangible assets 5 27,480 54,059
79,741 106,320

CURRENT ASSETS
Debtors 6 26,093 -
Cash at bank 191,648 155,088
217,741 155,088
CREDITORS
Amounts falling due within one year 7 72,831 96,844
NET CURRENT ASSETS 144,910 58,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,651

164,564

CAPITAL AND RESERVES
Called up share capital 45,000 45,000
Retained earnings 179,651 119,564
SHAREHOLDERS' FUNDS 224,651 164,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Thatched Owners Insurance Services
Limited (Registered number: 03776945)

Balance Sheet - continued
29 February 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 28 August 2024 and were signed by:





T A New - Director


Thatched Owners Insurance Services
Limited (Registered number: 03776945)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Thatched Owners Insurance Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Interlectural Property, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

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.

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.

Thatched Owners Insurance Services
Limited (Registered number: 03776945)

Notes to the Financial Statements - continued
For The Year Ended 29 February 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 52,261
NET BOOK VALUE
At 29 February 2024 52,261
At 28 February 2023 52,261

5. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 120,895 8,822 129,717
DEPRECIATION
At 1 March 2023 66,836 8,822 75,658
Charge for year 26,579 - 26,579
At 29 February 2024 93,415 8,822 102,237
NET BOOK VALUE
At 29 February 2024 27,480 - 27,480
At 28 February 2023 54,059 - 54,059

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,093 -

Thatched Owners Insurance Services
Limited (Registered number: 03776945)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,797 79,133
Taxation and social security 28,286 9,598
Other creditors 5,748 8,113
72,831 96,844

Thatched Owners Insurance Services
Limited

Report of the Accountants to the Director of
Thatched Owners Insurance Services
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Premier Accountancy
Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF


30 August 2024