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
Thorntons Property (Oakworth) Limited
Company Information
for the year ended 31 May 2024
Directors
AJ Thornton
GM Thornton
SJ Thornton
SJ Grunshaw
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
Thorntons Property (Oakworth) Limited
Statement of financial position
as at 31 May 2024
Tangible assets
646,732
648,550
Cash at bank and in hand
1,411,796
1,476,239
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
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
Thorntons Property (Oakworth) Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 May 2024
642,057
136,811
78,646
716
858,230
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
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
Amounts falling due within one year
Amounts due from group undertakings etc.
172,011
52,010
Accrued income and prepayments
1,270
1,401
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).