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Company Registration No. 14029613 (England and Wales)
Thurgur Developments Limited Unaudited accounts for the year ended 30 April 2024
Thurgur Developments Limited Unaudited accounts Contents
Page
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Thurgur Developments Limited Company Information for the year ended 30 April 2024
Director
Oliver Thurgur
Company Number
14029613 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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Thurgur Developments Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
99 
99 
Fixed assets
Investment property
117,500 
- 
Current assets
Inventories
10,107 
- 
Debtors
687 
- 
Cash at bank and in hand
1,878 
- 
12,672 
- 
Creditors: amounts falling due within one year
(10,171)
1 
Net current assets
2,501 
1 
Total assets less current liabilities
120,100 
100 
Creditors: amounts falling due after more than one year
(20,000)
- 
Net assets
100,100 
100 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
100,000 
- 
Shareholders' funds
100,100 
100 
For the year 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 20 September 2024 and were signed on its behalf by
Oliver Thurgur Director Company Registration No. 14029613
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Thurgur Developments Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Thurgur Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14029613. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
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.
Inventories
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Thurgur Developments Limited Notes to the Accounts for the year ended 30 April 2024
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Additions
117,500 
At 30 April 2024
117,500 
Land for development 307-309 Newark Road Lincoln Titles LL381974 & LL414218 Land purchased at market value £117,500
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
10,107 
- 
10,107 
- 
Inventory comprises of Work-in-Progress on site at 307-309 Newark Road Lincoln
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
687 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,597 
- 
Taxes and social security
375 
- 
Loans from directors
4,999 
(1)
Accruals
200 
- 
10,171 
(1)
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
20,000 
- 
Loan from Thurgur Properties Ltd Interest rate to be determined - dependent on term.
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Thurgur Developments Limited Notes to the Accounts for the year ended 30 April 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Capital contribution reserve
The director / shareholder has made a capital contribution to support the company of some £100,000 in its early stages of development. This reserve will not be withdrawn until positive cash flows have been achieved.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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