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REGISTERED NUMBER: 09819651 (England and Wales)












Financial Statements

for the Year Ended 31 January 2024

for

THATCH HOLDINGS LIMITED

THATCH HOLDINGS LIMITED (Registered number: 09819651)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THATCH HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D L R Hiscox





REGISTERED OFFICE: Hatton Court Hotel
Upton Hill
Upton St Leonards
Gloucester
GL4 8DE





REGISTERED NUMBER: 09819651 (England and Wales)





AUDITORS: John S Ward & Co Limited
Statutory Auditors
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

THATCH HOLDINGS LIMITED (Registered number: 09819651)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,186,049 1,098,528
Investments 5 2 2
1,186,051 1,098,530

CURRENT ASSETS
Cash at bank 9,033 2,200

CREDITORS
Amounts falling due within one year 6 272,321 278,563
NET CURRENT LIABILITIES (263,288 ) (276,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

922,763

822,167

CREDITORS
Amounts falling due after more than
one year

7

(824,650

)

(733,316

)

PROVISIONS FOR LIABILITIES (22,045 ) (12,745 )
NET ASSETS 76,068 76,106

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,968 76,006
76,068 76,106

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 25 October 2024 and were signed by:



D L R Hiscox - Director


THATCH HOLDINGS LIMITED (Registered number: 09819651)

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

1. STATUTORY INFORMATION

THATCH HOLDINGS 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.

Preparation of consolidated financial statements
The financial statements contain information about THATCH HOLDINGS LIMITED as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hatton Group Holdings Limited, Hatton Court Hotel, Upton Hill, Upton St Leonards Gloucester GL4 8DE.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided on the following annual rates in order to write off each asset over it's estaminet useful life

Fixtures, Fittings & Equipment 2 to 15 years

Freehold property is maintained to a high standard for trading purposes and the directors consider the economic life of the property is thereby extended so as to make any provision for depreciation immaterial.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


THATCH HOLDINGS LIMITED (Registered number: 09819651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

THATCH HOLDINGS LIMITED (Registered number: 09819651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 953,256 245,204 1,198,460
Additions - 104,477 104,477
At 31 January 2024 953,256 349,681 1,302,937
DEPRECIATION
At 1 February 2023 - 99,932 99,932
Charge for year - 16,956 16,956
At 31 January 2024 - 116,888 116,888
NET BOOK VALUE
At 31 January 2024 953,256 232,793 1,186,049
At 31 January 2023 953,256 145,272 1,098,528

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 68,258
At 31 January 2024 68,258
DEPRECIATION
Charge for year 3,264
At 31 January 2024 3,264
NET BOOK VALUE
At 31 January 2024 64,994

THATCH HOLDINGS LIMITED (Registered number: 09819651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,189
Finance leases 22,753 -
Trade creditors 2,798 36,552
Amounts owed to group undertakings 120,909 129,358
Taxation and social security 5,997 19,168
Other creditors 119,864 69,296
272,321 278,563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 333,316
Finance leases 24,650 -
Other creditors 800,000 400,000
824,650 733,316

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 239,860

THATCH HOLDINGS LIMITED (Registered number: 09819651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 357,505
Finance leases 47,403 -
47,403 357,505

The Bank Loan is secured by a Fixed Charge on the Company's Freehold Property.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

J Nacca FCCA (Senior Statutory Auditor)
for and on behalf of John S Ward & Co Limited

10. RELATED PARTY DISCLOSURES

At 31st January 2024 the Company owed £916,516 (2023 £465,141) to a related party company outside the Group.

11. ULTIMATE CONTROLLING PARTY

The Company's holding company is Hatton Group Holdings Limited.

Mrs VEA Hiscox is the ultimate shareholder of Hatton Group Holdings Limited

12. DEFERRED TAX

The Group have reinvested the proceeds of a previous chargeable gain by purchasing freehold trading property in the Company.

Therefore the chargeable gain has been rolled into the replacement property.

The Corporation tax, which would have otherwise been due is £120,000.

Deferred tax has not been provided as the Directors have no intention of selling the property in the foreseeable future.