Registered number
11557982
Thomas and Thomas Properties Ltd
Filleted Accounts
30 September 2024
Thomas and Thomas Properties Ltd
Registered number: 11557982
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 125,034 125,034
Creditors: amounts falling due within one year 4 (80,935) (90,301)
Net current liabilities (80,935) (90,301)
Total assets less current liabilities 44,099 34,733
Creditors: amounts falling due after more than one year 5 (53,452) (56,659)
Net liabilities (9,353) (21,926)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,453) (22,026)
Shareholder's funds (9,353) (21,926)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs T Thomas
Director
Approved by the board on 30 January 2025
Thomas and Thomas Properties Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings is not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 125,034
At 30 September 2024 125,034
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 125,034
At 30 September 2023 125,034
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 110 110
Other creditors 80,825 90,191
80,935 90,301
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 53,452 56,659
6 Other information
Thomas and Thomas Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ritoweg Farm
Headcorn Road
Smarden
Kent
TN27 8PN
Thomas and Thomas Properties Ltd 11557982 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Mrs T Thomas No description of principal activity 11557982 2022-10-01 2023-09-30 11557982 core:WithinOneYear 2023-09-30 11557982 core:AfterOneYear 2023-09-30 11557982 core:ShareCapital 2023-09-30 11557982 core:RetainedEarningsAccumulatedLosses 2023-09-30 11557982 2023-10-01 2024-09-30 11557982 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11557982 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11557982 bus:Director40 2023-10-01 2024-09-30 11557982 1 2023-10-01 2024-09-30 11557982 2 2023-10-01 2024-09-30 11557982 countries:England 2023-10-01 2024-09-30 11557982 bus:FRS102 2023-10-01 2024-09-30 11557982 bus:FilletedAccounts 2023-10-01 2024-09-30 11557982 2024-09-30 11557982 core:WithinOneYear 2024-09-30 11557982 core:AfterOneYear 2024-09-30 11557982 core:ShareCapital 2024-09-30 11557982 core:RetainedEarningsAccumulatedLosses 2024-09-30 11557982 core:LandBuildings 2024-09-30 11557982 2023-09-30 11557982 core:LandBuildings 2023-09-30 iso4217:GBP xbrli:pure