Company Registration No. 14805767 (England and Wales)
Thursdays Property Ltd
Unaudited accounts
for the period from 15 April 2023 to 30 April 2024
Thursdays Property Ltd
Unaudited accounts
Contents
Thursdays Property Ltd
Company Information
for the period from 15 April 2023 to 30 April 2024
Company Number
14805767 (England and Wales)
Registered Office
Harboury
Linchmere Ridge
Haslemere
GU27 3PS
UK
Thursdays Property Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
2,409
Creditors: amounts falling due within one year
(796,594)
Net current liabilities
(5,357)
Called up share capital
100
Profit and loss account
(5,457)
Shareholders' funds
(5,357)
For the period ending 30 April 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 9 January 2024 and were signed on its behalf by
D R Eales
Director
Company Registration No. 14805767
Thursdays Property Ltd
Notes to the Accounts
for the period from 15 April 2023 to 30 April 2024
Thursdays Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14805767. The registered office is Harboury, Linchmere Ridge, Haslemere, GU27 3PS, UK.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Thursdays Property Ltd
Notes to the Accounts
for the period from 15 April 2023 to 30 April 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's inventories.
Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
Amounts falling due within one year
Accrued income and prepayments
3,105
5
Creditors: amounts falling due within one year
2024
Taxes and social security
258
6
Average number of employees
During the period the average number of employees was 2.