1 April 2023 false Taxfiler 2024.6 04700439business:PrivateLimitedCompanyLtd2023-04-012024-03-31 047004392023-03-31 047004392023-04-012024-03-31 04700439business:AuditExemptWithAccountantsReport2023-04-012024-03-31 04700439business:FilletedAccounts2023-04-012024-03-31 047004392024-03-31 04700439business:Director12023-04-012024-03-31 04700439business:RegisteredOffice2023-04-012024-03-31 047004392023-03-31 04700439core:WithinOneYear2024-03-31 04700439core:WithinOneYear2023-03-31 04700439core:AfterOneYear2024-03-31 04700439core:AfterOneYear2023-03-31 04700439core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04700439core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04700439core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 04700439core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 04700439core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04700439core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04700439core:PreviouslyStatedAmount2024-03-31 04700439core:PreviouslyStatedAmount2023-03-31 04700439business:SmallEntities2023-04-012024-03-31 04700439countries:EnglandWales2023-04-012024-03-31 04700439core:LandBuildings2023-04-012024-03-31 04700439core:FurnitureFittings2023-04-012024-03-31 04700439core:ComputerEquipment2023-04-012024-03-31 04700439core:FurnitureFittings2023-03-31 04700439core:ComputerEquipment2023-03-31 04700439core:FurnitureFittings2024-03-31 04700439core:ComputerEquipment2024-03-31 04700439business:OrdinaryShareClass12023-04-012024-03-31 04700439business:OrdinaryShareClass12022-04-012023-03-31 04700439business:OrdinaryShareClass22023-04-012024-03-31 04700439business:OrdinaryShareClass22022-04-012023-03-31 04700439business:OrdinaryShareClass32023-04-012024-03-31 04700439business:OrdinaryShareClass32022-04-012023-03-31 04700439business:AllOrdinaryShares2023-04-012024-03-31 04700439business:AllOrdinaryShares2022-04-012023-03-31 04700439business:Director112023-04-012024-03-31 04700439business:Director112023-03-31 04700439business:Director112024-03-31 047004392022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04700439 (England and Wales)
T.H.P. Associates Limited Unaudited accounts for the year ended 31 March 2024
T.H.P. Associates Limited Unaudited accounts Contents
Page
- 2 -
T.H.P. Associates Limited Company Information for the year ended 31 March 2024
Director
Mr Tony Porter
Company Number
04700439 (England and Wales)
Registered Office
149A High Street Sevenoaks Kent TN13 1XJ
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
- 3 -
T.H.P. Associates Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
224 
299 
Current assets
Debtors
309,745 
293,748 
Creditors: amounts falling due within one year
(384,354)
(357,705)
Net current liabilities
(74,609)
(63,957)
Total assets less current liabilities
(74,385)
(63,658)
Creditors: amounts falling due after more than one year
(6,890)
(8,096)
Net liabilities
(81,275)
(71,754)
Capital and reserves
Called up share capital
100 
100 
Share premium
69,904 
69,904 
Profit and loss account
(151,279)
(141,758)
Shareholders' funds
(81,275)
(71,754)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Mr Tony Porter Director Company Registration No. 04700439
- 4 -
T.H.P. Associates Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
T.H.P. Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 04700439. The registered office is 149A High Street, Sevenoaks , Kent, TN13 1XJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation director feels market value greater than book value
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
- 5 -
T.H.P. Associates Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,387 
609 
2,996 
At 31 March 2024
2,387 
609 
2,996 
Depreciation
At 1 April 2023
2,345 
352 
2,697 
Charge for the year
11 
64 
75 
At 31 March 2024
2,356 
416 
2,772 
Net book value
At 31 March 2024
31 
193 
224 
At 31 March 2023
42 
257 
299 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
89 
- 
Other debtors
309,656 
293,748 
309,745 
293,748 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,396 
7,136 
VAT
- 
728 
Taxes and social security
3,926 
3,710 
Loans from directors
374,032 
346,131 
384,354 
357,705 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,890 
8,096 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
98 Ordinary shares of £1 each
98 
98 
1 Ordinary A Shares of £1 each
1 
1 
1 Ordinary B Shares of £1 each
1 
1 
100 
100 
- 6 -
T.H.P. Associates Limited Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Tony Porter
Director Loan to company
345,794 
- 
- 
345,794 
345,794 
- 
- 
345,794 
10
Transactions with related parties
THP Associates Ltd is owed £2,557 (2023 £2,557) by Regalpoint Homes (Tunbridge Wells) Limited , £15,291 (2023 £15,291) by Regalpoint Tonbridge, £26,250 (2023 £26,250) by Regalpoint Wittersham, £85,323 (2023 £85,323) by Regalpoint Homes, £24,066 (2023 £24,066) by Regalpoint Matfield, £9,000 (2023 £9,000) by Regalpoint Ofham, £5,083 (2023 £5,083) by Regalpoint Paddock Wood, £9,500 (2023 £9,500) by RH (PAR), £7,500 (2023 £7,500) by Milestone Court, £22,058 (2023 £10,101) by RH Packhouse, £3,950 by Regalpoint Holdings, £925 (2023 £925) to Regalpoint Byfleet companies that Tony Porter is a director and shareholder of.
11
Controlling party
The ultimate controlling party is the director Mr T Porter by virtue of his majority shareholding
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -