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REGISTERED NUMBER: 10010655 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Thistlethwaite Limited

Thistlethwaite Limited (Registered number: 10010655)






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


Thistlethwaite Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Thistlethwaite
A Thistlethwaite





REGISTERED OFFICE: Lowther House
34 Lowther Street
Kendal
Cumbria
LA9 4DX





REGISTERED NUMBER: 10010655 (England and Wales)





ACCOUNTANTS: Stables, Thompson & Briscoe Ltd
Chartered Accountants & Business Advisors
Lowther House
Lowther Street
Kendal
LA9 4DX

Thistlethwaite Limited (Registered number: 10010655)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 543,500 543,500

CURRENT ASSETS
Cash at bank 345 75

CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

5

270,626

268,553
NET CURRENT LIABILITIES (270,281 ) (268,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,219

275,022

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

6

253,683

263,297
NET ASSETS 19,536 11,725

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 19,524 11,713
19,536 11,725

Thistlethwaite Limited (Registered number: 10010655)

Balance Sheet - continued
29 February 2024


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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





A Thistlethwaite - Director


Thistlethwaite Limited (Registered number: 10010655)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Thistlethwaite 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.

The financial statements have been prepared on a going concern basis. The main creditor apart from the mortgage is a loan by the directors amounting to £239,191 which is a long term investment and will not be withdrawn by the directors unless there are funds to do so.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 543,500
NET BOOK VALUE
At 29 February 2024 543,500
At 28 February 2023 543,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 28,719 28,719
Trade creditors 649 -
Taxation and social security 1,832 1,099
Other creditors 239,426 238,735
270,626 268,553

Thistlethwaite Limited (Registered number: 10010655)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 253,683 263,297

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 138,809 148,423

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 282,402 292,016

The bank loan is secured on the relevant property and is to be paid over 25 years from July 2016 with interest charged at the commercial base rate less 0.74% (currently 4.50%).