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Company Registration No. 00626413 (England and Wales)
Thorntons (Whinburn Farm) Limited Unaudited accounts for the year ended 31 May 2024
Thorntons (Whinburn Farm) Limited Unaudited accounts Contents
Page
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Thorntons (Whinburn Farm) Limited Company Information for the year ended 31 May 2024
Directors
GM Thornton SJ Thornton SJ Grunshaw
Secretary
AJ Thornton
Company Number
00626413 (England and Wales)
Registered Office
The Old Barn, Mathew 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 (Whinburn Farm) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
460,415 
501,037 
Current assets
Debtors
3,804 
2,702 
Cash at bank and in hand
965,030 
57,714 
968,834 
60,416 
Creditors: amounts falling due within one year
(414,766)
(202,592)
Net current assets/(liabilities)
554,068 
(142,176)
Net assets
1,014,483 
358,861 
Capital and reserves
Called up share capital
7,152 
7,152 
Revaluation reserve
8,312 
8,312 
Capital redemption reserve
3,000 
3,000 
Profit and loss account
996,019 
340,397 
Shareholders' funds
1,014,483 
358,861 
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
GM Thornton Director Company Registration No. 00626413
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Thorntons (Whinburn Farm) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Thorntons (Whinburn Farm) Limited is a private company, limited by shares, registered in England and Wales, registration number 00626413. The registered office is The Old Barn, Mathew 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
Fixtures & fittings
10% reducing balance
Computer equipment
33% on cost
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
519,898 
10,878 
17,339 
333 
548,448 
Disposals
(40,452)
- 
- 
- 
(40,452)
At 31 May 2024
479,446 
10,878 
17,339 
333 
507,996 
Depreciation
At 1 June 2023
20,356 
10,488 
16,234 
333 
47,411 
Charge for the year
- 
59 
111 
- 
170 
At 31 May 2024
20,356 
10,547 
16,345 
333 
47,581 
Net book value
At 31 May 2024
459,090 
331 
994 
- 
460,415 
At 31 May 2023
499,542 
390 
1,105 
- 
501,037 
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Thorntons (Whinburn Farm) Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,195 
2,436 
Other debtors
1,609 
266 
3,804 
2,702 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
207,817 
87,816 
Taxes and social security
122,742 
10,570 
Loans from directors
84,207 
104,206 
414,766 
202,592 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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