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REGISTERED NUMBER: 08618229 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THEAKSTON LAND LIMITED

THEAKSTON LAND LIMITED (REGISTERED NUMBER: 08618229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THEAKSTON LAND LIMITED (REGISTERED NUMBER: 08618229)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 13,314 4,165

CURRENT ASSETS
Stocks 3,581,143 3,216,507
Debtors 5,915,467 5,495,579
Cash at bank 126,525 5,352
9,623,135 8,717,438
CREDITORS
Amounts falling due within one year 8,024,139 8,608,488
NET CURRENT ASSETS 1,598,996 108,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,310

113,115

PROVISIONS FOR LIABILITIES 3,329 1,041
NET ASSETS 1,608,981 112,074

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,608,881 111,974
SHAREHOLDERS' FUNDS 1,608,981 112,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

THEAKSTON LAND LIMITED (REGISTERED NUMBER: 08618229)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2024 and were signed on its behalf by:





Mr M T Corney - Director


THEAKSTON LAND LIMITED (REGISTERED NUMBER: 08618229)

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


1. STATUTORY INFORMATION

Theakston Land Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08618229

Registered office: Southlands
The Avenue
Eaglescliffe
Stockton-on-Tees
TS16 9AS

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture, fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks, which comprise project work in progress, are valued at the lower of cost and net realisable value.

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.

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.

THEAKSTON LAND LIMITED (REGISTERED NUMBER: 08618229)

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


2. ACCOUNTING POLICIES - continued

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. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 February 2023 17,220
Additions 11,978
Disposals (8,742 )
At 31 January 2024 20,456
DEPRECIATION
At 1 February 2023 13,055
Charge for year 975
Eliminated on disposal (6,888 )
At 31 January 2024 7,142
NET BOOK VALUE
At 31 January 2024 13,314
At 31 January 2023 4,165

5. RELATED PARTY DISCLOSURES

At 31 January 2024 £7,695,514 (2023: £8,278,564) was owed to owners holding a participating interest in the company.