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REGISTERED NUMBER: 02475952 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Thurcroft Holdings Limited

Thurcroft Holdings Limited (Registered number: 02475952)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thurcroft Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs A R Merrill
A I King





SECRETARY: Mrs A R Merrill





REGISTERED OFFICE: Hollygate Industrial Park
Cotgrave
Nottingham
Nottinghamshire
NG12 3JW





REGISTERED NUMBER: 02475952 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Thurcroft Holdings Limited (Registered number: 02475952)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 94,171
Investments 5 33,875 33,875
Investment property 6 783,693 783,693
817,568 911,739

CURRENT ASSETS
Debtors 7 243,759 308,553
Cash at bank 12,155 13,198
255,914 321,751
CREDITORS
Amounts falling due within one year 8 (38,421 ) (410,802 )
NET CURRENT ASSETS/(LIABILITIES) 217,493 (89,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,061

822,688

CREDITORS
Amounts falling due after more than one
year

9

(119,362

)

(147,219

)

PROVISIONS FOR LIABILITIES - (23,543 )
NET ASSETS 915,699 651,926

CAPITAL AND RESERVES
Called up share capital 11 600 600
Share premium 218,414 218,414
Retained earnings 696,685 432,912
SHAREHOLDERS' FUNDS 915,699 651,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Thurcroft Holdings Limited (Registered number: 02475952)

Balance Sheet - continued
31 May 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 10 February 2025 and were signed on its behalf by:





A I King - Director


Thurcroft Holdings Limited (Registered number: 02475952)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Thurcroft Holdings Limited is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about Thurcroft Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 15% on reducing balance and 4% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The fair value is ascertained by consideration of market evidence for similar properties in the same location and condition.

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.


Thurcroft Holdings Limited (Registered number: 02475952)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 324,598
Disposals (324,598 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 230,427
Eliminated on disposal (230,427 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 94,171

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 June 2023
and 31 May 2024 33,875
NET BOOK VALUE
At 31 May 2024 33,875
At 31 May 2023 33,875

Thurcroft Holdings Limited (Registered number: 02475952)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Poly Advisory Services Limited
Registered office: Hollygate Industrial Park, Hollygate Lane, Cotgrave, Nottingham, Nottinghamshire, NG12 3JW
Nature of business: Holding company
%
Class of shares: holding
Ordinary A 100.00

Poly Advisory Limited
Registered office: Hollygate Industrial Park, Hollygate Lane, Cotgrave, Nottingham, Nottinghamshire, NG12 3JW
Nature of business: Glass fibre industry
%
Class of shares: holding
Ordinary A 100.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 783,693
NET BOOK VALUE
At 31 May 2024 783,693
At 31 May 2023 783,693

The investment property was valued on a fair value basis on 31 May 2021 by the director.

7. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 5,223 880
Amounts owed by group undertakings - 155,821
Other debtors 233,856 151,852
239,079 308,553

Amounts falling due after more than one year:
Other debtors 4,680 -

Aggregate amounts 243,759 308,553

Thurcroft Holdings Limited (Registered number: 02475952)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 27,867 27,760
Trade creditors 212 193
Amounts owed to group undertakings - 357,596
Taxation and social security 10,192 20,523
Other creditors 150 4,730
38,421 410,802

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 119,362 147,219

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 147,229 174,979

The company's bank borrowings are secured by a first legal charge over the company's land and buildings and a fixed and floating charge over the company's assets.

The amounts payable under hire purchase contracts are secured on the assets to which they concern.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
600 Ordinary £1 600 600

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs A R Merrill
Balance outstanding at start of year (1,563 ) (7,444 )
Amounts advanced 95,865 156,908
Amounts repaid (11,411 ) (151,027 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,891 (1,563 )

Thurcroft Holdings Limited (Registered number: 02475952)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan is to be repaid within 9 months of the accounting year end.