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COMPANY REGISTRATION NUMBER: 07523913
Thorsden Development Limited
Filleted Unaudited Financial Statements
31 March 2024
Thorsden Development Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Thorsden Development Limited
Officers and Professional Advisers
The board of directors
R E Horne
S J Goodkind
Company secretary
S J Goodkind
Registered office
259 Capability Green
Luton
LU1 3LU
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Thorsden Development Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Thorsden Development Limited
Year ended 31 March 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Thorsden Development Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
2,080
96
Current assets
Debtors
5
55,231
Cash at bank and in hand
133
79,817
----
---------
133
135,048
Creditors: amounts falling due within one year
6
3,600
1,260
-------
---------
Net current (liabilities)/assets
( 3,467)
133,788
-------
---------
Total assets less current liabilities
( 1,387)
133,884
-------
---------
Net (liabilities)/assets
( 1,387)
133,884
-------
---------
Capital and reserves
Called up share capital
3
3
Profit and loss account
( 1,390)
133,881
-------
---------
Shareholders funds
( 1,387)
133,884
-------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Thorsden Development Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 4 December 2024 , and are signed on behalf of the board by:
R E Horne
Director
Company registration number: 07523913
Thorsden Development Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 259 Capability Green, Luton, LU1 3LU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4. Investments
Shares in participating interests
£
Cost
At 1 April 2023
96
Additions
2,080
Disposals
( 96)
-------
At 31 March 2024
2,080
-------
Impairment
At 1 April 2023 and 31 March 2024
-------
Carrying amount
At 31 March 2024
2,080
-------
At 31 March 2023
96
-------
The above represents an investment in EA Capital Limited, a company incorporated in the Isle of Man.
5. Debtors
2024
2023
£
£
Other debtors
55,231
----
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
3,600
1,260
-------
-------
7. Controlling party
The company is under the control of Thorsden Holdings Limited by virtue of owning the entire issued share capital of the company.