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REGISTERED NUMBER: 11434095 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THORNPEAK LIMITED

THORNPEAK LIMITED (REGISTERED NUMBER: 11434095)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THORNPEAK LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: J Hughes
Miss N Laajam





REGISTERED OFFICE: 3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT





REGISTERED NUMBER: 11434095 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT

THORNPEAK LIMITED (REGISTERED NUMBER: 11434095)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 756,597 748,977

CURRENT ASSETS
Debtors - 48
Cash at bank 10,907 20,919
10,907 20,967
CREDITORS
Amounts falling due within one year (154,587 ) (345,057 )
NET CURRENT LIABILITIES (143,680 ) (324,090 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,917

424,887

CREDITORS
Amounts falling due after more than one
year

5

(472,517

)

(275,933

)
NET ASSETS 140,400 148,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,300 148,854
SHAREHOLDERS' FUNDS 140,400 148,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

THORNPEAK LIMITED (REGISTERED NUMBER: 11434095)

ABRIDGED BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 January 2025 and were signed on its behalf by:





J Hughes - Director


THORNPEAK LIMITED (REGISTERED NUMBER: 11434095)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Thornpeak 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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 748,977
Additions 7,620
At 30 June 2024 756,597
NET BOOK VALUE
At 30 June 2024 756,597
At 30 June 2023 748,977

The fair value of the investment properties is considered by the Directors to currently represent the cost of the those acquired.

In considering the valuations at 30 June 2024 the directors have taken into account the most recent selling prices recorded at the Land Registry for similar properties in the immediate vicinity, and are satisfied that the valuation of £756597 is appropriate.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 460,850 255,100

THORNPEAK LIMITED (REGISTERED NUMBER: 11434095)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 481,684 488,433