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REGISTERED NUMBER: 06176110 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

TH1 Limited

TH1 Limited (Registered number: 06176110)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TH1 Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs D Tidgwell
Mr R A Williams





SECRETARY: Mrs D Tidgwell





REGISTERED OFFICE: 1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH





REGISTERED NUMBER: 06176110 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

TH1 Limited (Registered number: 06176110)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,918 202,360

CURRENT ASSETS
Stocks 15,546 12,664
Debtors 5 12,857 12,695
Cash at bank and in hand 22,715 20,200
51,118 45,559
CREDITORS
Amounts falling due within one year 6 45,341 36,875
NET CURRENT ASSETS 5,777 8,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,695

211,044

CREDITORS
Amounts falling due after more than one
year

7

(29,696

)

(65,572

)

PROVISIONS FOR LIABILITIES 9 (570 ) (714 )
NET ASSETS 172,429 144,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 172,329 144,658
SHAREHOLDERS' FUNDS 172,429 144,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TH1 Limited (Registered number: 06176110)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:




Mrs D Tidgwell - Director



Mr R A Williams - Director


TH1 Limited (Registered number: 06176110)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

TH1 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2023 - 2 ) .

TH1 Limited (Registered number: 06176110)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 218,759 73,070 291,829
DEPRECIATION
At 1 May 2023 21,876 67,593 89,469
Charge for year 4,375 1,067 5,442
At 30 April 2024 26,251 68,660 94,911
NET BOOK VALUE
At 30 April 2024 192,508 4,410 196,918
At 30 April 2023 196,883 5,477 202,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 603
Other debtors 12,857 12,092
12,857 12,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,721 9,000
Trade creditors 1,100 1,892
Taxation and social security 27,890 24,465
Other creditors 5,630 1,518
45,341 36,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 29,696 65,572

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,696 65,572

TH1 Limited (Registered number: 06176110)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 38,696 74,572

The loan is secured by a fixed charge on the Moriah Chapel.

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 570 714

Deferred
tax
£   
Balance at 1 May 2023 714
Deferred tax (144 )
Balance at 30 April 2024 570

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mrs D Tidgwell
Balance outstanding at start of year 12,092 17,584
Amounts advanced - 12,092
Amounts repaid (18,019 ) (17,584 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,927 ) 12,092

Mr R A Williams
Balance outstanding at start of year (93 ) (1,266 )
Amounts advanced 12,652 1,173
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,559 (93 )