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REGISTERED NUMBER: 03551599















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Thomas (Hampshire) Limited

Thomas (Hampshire) Limited (Registered number: 03551599)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas (Hampshire) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S M Thomas
Mr R J Thomas
Mrs N C Thomas





REGISTERED OFFICE: Unit B Farringdon Business Park
Lower Farringdon
Alton
Hampshire
GU34 3DZ





REGISTERED NUMBER: 03551599





ACCOUNTANTS: Talbot Accounting Solutions LLP
Bartley Cottage
Ringwood Road
Bartley
Southampton
Hampshire
SO40 7LD

Thomas (Hampshire) Limited (Registered number: 03551599)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,159,254 5,405,995

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 338,198 324,581
Cash at bank 1,621,503 1,544,220
1,963,701 1,872,801
CREDITORS
Amounts falling due within one year 6 350,329 400,257
NET CURRENT ASSETS 1,613,372 1,472,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,772,626

6,878,539

PROVISIONS FOR LIABILITIES 858,750 427,097
NET ASSETS 7,913,876 6,451,442

CAPITAL AND RESERVES
Called up share capital 773,810 773,810
Share premium 7 926,500 926,500
Revaluation reserve 7 4,274,249 2,921,636
Capital redemption reserve 7 51,191 51,191
Retained earnings 7 1,888,126 1,778,305
7,913,876 6,451,442

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

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

Thomas (Hampshire) Limited (Registered number: 03551599)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:




Mrs N C Thomas - Director Mr R J Thomas - Director




Mrs S M Thomas - Director


Thomas (Hampshire) Limited (Registered number: 03551599)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Thomas (Hampshire) Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2.5% on cost
Plant and machinery etc - 25% on cost and 15% on cost

Freehold land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Thomas (Hampshire) Limited (Registered number: 03551599)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 5,968,000 599,876 6,567,876
Additions - 77,643 77,643
Disposals - (54,253 ) (54,253 )
Revaluations 1,082,000 - 1,082,000
At 30 September 2024 7,050,000 623,266 7,673,266
DEPRECIATION
At 1 October 2023 715,680 446,201 1,161,881
Charge for year 36,563 65,915 102,478
Eliminated on disposal (715,680 ) (34,667 ) (750,347 )
At 30 September 2024 36,563 477,449 514,012
NET BOOK VALUE
At 30 September 2024 7,013,437 145,817 7,159,254
At 30 September 2023 5,252,320 153,675 5,405,995

Thomas (Hampshire) Limited (Registered number: 03551599)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

The freehold land and buildings at Farringdon were valued on 12 June 2024 by Ely Langley Greig, Chartered Surveyors, at £7,050,000 being the open market value for existing use. The directors consider the value has not changed materially since the re-valuation. The above figures are net of depreciation, which has been applied in line with the company's policy.

Included in the amount is an estimated figure of £1,200,000 relating to land which is not depreciated.

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

30.09.2430.09.23
££

Cost2,170,9792,170,979
Accumulated depreciation(1,210,588)(1,178,814)
Carrying value960,391992,165


Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 7,050,000 623,266 7,673,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 177,034 163,798
Other debtors 161,164 160,783
338,198 324,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 113,614 116,375
Taxation and social security 177,374 210,162
Other creditors 59,341 73,720
350,329 400,257

Thomas (Hampshire) Limited (Registered number: 03551599)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 October 2023 1,778,305 926,500 2,921,636 51,191 5,677,632
Profit for the year 297,033 297,033
Dividends (192,000 ) (192,000 )
Deferred tax - - (440,279 ) - (440,279 )
Revaluation surplus arising - - 1,082,000 - 1,082,000
Release of accumulated depr - - 715,680 - 715,680
Transfers regarding excess
depreciation 4,788 - (4,788 ) - -
At 30 September 2024 1,888,126 926,500 4,274,249 51,191 7,140,066

Deferred tax on the revaluation of land and buildings has been offset against the revaluation reserve and has had no effect on profit and loss reserves.

There has been £4,788 of surplus depreciation charged to the revaluation reserve in this accounting period (2023: £87,586).

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.