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Company Registration No. 00773976 (England and Wales)
Thorntons Property (Oakworth) Limited Unaudited accounts for the year ended 31 May 2024
Thorntons Property (Oakworth) Limited Unaudited accounts Contents
Page
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Thorntons Property (Oakworth) Limited Company Information for the year ended 31 May 2024
Directors
AJ Thornton GM Thornton SJ Thornton SJ Grunshaw
Secretary
AJ Thornton
Company Number
00773976 (England and Wales)
Registered Office
The Old Barn, Matthew Lane Bradley Keighley BD20 9DF
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Thorntons Property (Oakworth) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
646,732 
648,550 
Current assets
Debtors
177,019 
55,873 
Cash at bank and in hand
1,411,796 
1,476,239 
1,588,815 
1,532,112 
Creditors: amounts falling due within one year
(17,417)
(13,456)
Net current assets
1,571,398 
1,518,656 
Net assets
2,218,130 
2,167,206 
Capital and reserves
Called up share capital
4,150 
4,150 
Capital redemption reserve
15,048 
15,048 
Profit and loss account
2,198,932 
2,148,008 
Shareholders' funds
2,218,130 
2,167,206 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
AJ Thornton Director Company Registration No. 00773976
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Thorntons Property (Oakworth) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Thorntons Property (Oakworth) Limited is a private company, limited by shares, registered in England and Wales, registration number 00773976. The registered office is The Old Barn, Matthew Lane, Bradley, Keighley, BD20 9DF.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducung balance
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Thorntons Property (Oakworth) Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
642,057 
136,528 
78,646 
716 
857,947 
Additions
- 
283 
- 
- 
283 
At 31 May 2024
642,057 
136,811 
78,646 
716 
858,230 
Depreciation
At 1 June 2023
- 
134,603 
74,206 
588 
209,397 
Charge for the year
- 
1,625 
444 
32 
2,101 
At 31 May 2024
- 
136,228 
74,650 
620 
211,498 
Net book value
At 31 May 2024
642,057 
583 
3,996 
96 
646,732 
At 31 May 2023
642,057 
1,925 
4,440 
128 
648,550 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,856 
1,653 
Amounts due from group undertakings etc.
172,011 
52,010 
Accrued income and prepayments
1,270 
1,401 
Other debtors
1,882 
809 
177,019 
55,873 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
17,417 
13,456 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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