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REGISTERED NUMBER: 09321306 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Thorchurch Limited

Thorchurch Limited (Registered number: 09321306)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Thorchurch Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Anupkumar Patel
Mr Ashish Patel





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 09321306 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Thorchurch Limited (Registered number: 09321306)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,302,493 3,302,493

CURRENT ASSETS
Debtors 5 46,454 46,454
Cash at bank 10,121 13,170
56,575 59,624
CREDITORS
Amounts falling due within one year 6 1,986,861 1,920,900
NET CURRENT LIABILITIES (1,930,286 ) (1,861,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,372,207

1,441,217

CREDITORS
Amounts falling due after more than one
year

7

837,892

946,214
NET ASSETS 534,315 495,003

CAPITAL AND RESERVES
Called up share capital 8 82,000 82,000
Retained earnings 452,315 413,003
SHAREHOLDERS' FUNDS 534,315 495,003

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

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

Thorchurch Limited (Registered number: 09321306)

Statement of Financial Position - continued
31 March 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 4 December 2024 and were signed on its behalf by:





Mr Ashish Patel - Director


Thorchurch Limited (Registered number: 09321306)

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

1. STATUTORY INFORMATION

Thorchurch 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 3,302,493
NET BOOK VALUE
At 31 March 2024 3,302,493
At 31 March 2023 3,302,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 46,454 46,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 185,868 185,868
Amounts owed to group undertakings 1,012,502 948,018
Taxation and social security 17,232 18,918
Other creditors 771,259 768,096
1,986,861 1,920,900

Thorchurch Limited (Registered number: 09321306)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 837,892 946,214

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80,000 Ordinary £1 80,000 80,000
1,000 A Ordinary £1 1,000 1,000
500 B Ordinary £1 500 500
500 C Ordinary £1 500 500
82,000 82,000