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REGISTERED NUMBER: 01558281 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THEAKSTON ESTATES LIMITED

THEAKSTON ESTATES LIMITED (REGISTERED NUMBER: 01558281)

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










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THEAKSTON ESTATES LIMITED (REGISTERED NUMBER: 01558281)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 143,197 135,995
Investments 5 207 881
Investment property 6 15,625,000 15,625,000
15,768,404 15,761,876

CURRENT ASSETS
Stocks 10,087,311 9,926,384
Debtors 19,084,494 18,323,717
Cash at bank 16,503,852 177,104
45,675,657 28,427,205
CREDITORS
Amounts falling due within one year 48,018,099 23,984,312
NET CURRENT (LIABILITIES)/ASSETS (2,342,442 ) 4,442,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,425,962

20,204,769

CREDITORS
Amounts falling due after more than one
year

-

(8,336,000

)

PROVISIONS FOR LIABILITIES (35,799 ) (33,999 )
NET ASSETS 13,390,163 11,834,770

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Fair value reserve 3,145,351 3,145,351
Retained earnings 10,194,812 8,639,419
SHAREHOLDERS' FUNDS 13,390,163 11,834,770

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 ESTATES LIMITED (REGISTERED NUMBER: 01558281)

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 Income Statement 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 Income Statement 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 I J Waller - Director



Mr M T Corney - Director


THEAKSTON ESTATES LIMITED (REGISTERED NUMBER: 01558281)

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


1. STATUTORY INFORMATION

Theakston Estates 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: 01558281

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Theakston Estates 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.

Turnover
Turnover represents rent due in the accounting period as adjusted for amounts received in advance and the amounts, excluding Value Added Tax, derived from the sale of land.

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 - 15% on reducing balance
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and net realisable value.


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.

THEAKSTON ESTATES LIMITED (REGISTERED NUMBER: 01558281)

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


2. ACCOUNTING POLICIES - continued

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.

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 February 2023 219,867
Additions 35,041
Disposals (5,536 )
At 31 January 2024 249,372
DEPRECIATION
At 1 February 2023 83,872
Charge for year 25,983
Eliminated on disposal (3,680 )
At 31 January 2024 106,175
NET BOOK VALUE
At 31 January 2024 143,197
At 31 January 2023 135,995

THEAKSTON ESTATES LIMITED (REGISTERED NUMBER: 01558281)

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


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST
At 1 February 2023 881
Disposals (674 )
At 31 January 2024 207
NET BOOK VALUE
At 31 January 2024 207
At 31 January 2023 881

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023
and 31 January 2024 15,625,000
NET BOOK VALUE
At 31 January 2024 15,625,000
At 31 January 2023 15,625,000

In the opinion of the directors, this is a reasonable estimation of market value at 31st January 2024.

Fair value at 31 January 2024 is represented by:
£
Valuation in 2014 1,871,080
Valuation in 2015 892,161
Valuation in 2016 1,739,713
Valuation in 2017 1,946,015
Valuation in 2018 (614,780 )
Valuation in 2019 (2,516,045 )
Valuation in 2020 (757,148 )
Valuation in 2021 (711,844 )
Valuation in 2022 (190,000 )
Cost 13,965,848
15,625,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 8,336,000 8,526,000

THEAKSTON ESTATES LIMITED (REGISTERED NUMBER: 01558281)

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


8. RELATED PARTY DISCLOSURES

At 31 January 2024 £8,154,385 (2023: £8,590,222) was owed from businesses in which this company has a participating interest. Also, £10,494,289 (2023: £5,529,188) was owed to owners having a participating interest in the company.

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.

9. POST BALANCE SHEET EVENTS

Dividends totalling £150,000 have been paid since the year end.