IRIS Accounts Production v24.3.2.46 00517577 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005175772023-09-30005175772024-09-30005175772023-10-012024-09-30005175772022-09-30005175772022-10-012023-09-30005175772023-09-3000517577ns15:EnglandWales2023-10-012024-09-3000517577ns14:PoundSterling2023-10-012024-09-3000517577ns10:Director12023-10-012024-09-3000517577ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000517577ns10:SmallEntities2023-10-012024-09-3000517577ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000517577ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000517577ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000517577ns10:FullAccounts2023-10-012024-09-3000517577ns10:OrdinaryShareClass12023-10-012024-09-3000517577ns10:Director22023-10-012024-09-3000517577ns10:Director32023-10-012024-09-3000517577ns10:CompanySecretary12023-10-012024-09-3000517577ns10:RegisteredOffice2023-10-012024-09-3000517577ns5:CurrentFinancialInstruments2024-09-3000517577ns5:CurrentFinancialInstruments2023-09-3000517577ns5:ShareCapital2024-09-3000517577ns5:ShareCapital2023-09-3000517577ns5:CapitalRedemptionReserve2024-09-3000517577ns5:CapitalRedemptionReserve2023-09-3000517577ns5:RetainedEarningsAccumulatedLosses2024-09-3000517577ns5:RetainedEarningsAccumulatedLosses2023-09-3000517577ns5:PlantMachinery2023-09-3000517577ns5:PlantMachinery2023-10-012024-09-3000517577ns5:PlantMachinery2024-09-3000517577ns5:PlantMachinery2023-09-3000517577ns5:CostValuation2023-09-3000517577ns5:AdditionsToInvestments2024-09-3000517577ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3000517577ns5:CostValuation2024-09-3000517577ns5:OtherRelatedParties2023-09-3000517577ns5:OtherRelatedParties2023-10-012024-09-3000517577ns5:OtherRelatedParties2024-09-3000517577ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000517577ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000517577ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 00517577 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

B & K THOMAS (HOLDINGS) LIMITED

B & K THOMAS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00517577)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B & K THOMAS (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Directors: A B Thomas
T J Thomas
D Allwood





Secretary: A B Thomas





Registered office: Mill Farm
Long Clawson
Leicestershire
LE14 4NU





Registered number: 00517577 (England and Wales)





Accountants: Haines Watts (East Midlands) Ltd
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

B & K THOMAS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00517577)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 2,369 1,051
Investments 5 2,622,692 2,361,921
Investment property 6 13,255,936 9,311,111
15,880,997 11,674,083

Current assets
Debtors 7 137,266 54,592
Cash at bank 766,687 3,310,389
903,953 3,364,981
Creditors
Amounts falling due within one year 8 (812,543 ) (617,726 )
Net current assets 91,410 2,747,255
Total assets less current liabilities 15,972,407 14,421,338

Provisions for liabilities (380,920 ) (93,011 )
Net assets 15,591,487 14,328,327

Capital and reserves
Called up share capital 9 3,104 3,104
Capital redemption reserve 896 896
Retained earnings 15,587,487 14,324,327
Shareholders' funds 15,591,487 14,328,327

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.

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 Income Statement 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:





A B Thomas - Director


B & K THOMAS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00517577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

B & K Thomas (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 FRS 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies
Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of
section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true
and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at
fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services
provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair
value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:

Plant and equipment 25% reducing balance
Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


B & K THOMAS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00517577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
Cost
At 1 October 2023 13,547
Additions 2,107
At 30 September 2024 15,654
Depreciation
At 1 October 2023 12,496
Charge for year 789
At 30 September 2024 13,285
Net book value
At 30 September 2024 2,369
At 30 September 2023 1,051

5. FIXED ASSET INVESTMENTS

2024 2023
£ £
Loans to undertakings in which the company
has a participating interest

250,014

250,000
Other investments not loans 2,372,678 2,111,921
2,622,692 2,361,921

B & K THOMAS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00517577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£
Cost or valuation
At 1 October 2023 2,111,921
Additions 45,672
Revaluations 215,085
At 30 September 2024 2,372,678
Net book value
At 30 September 2024 2,372,678
At 30 September 2023 2,111,921

Shares in
group
undertakings
and
participating
interests
£
At 1 October 2023 250,000
New in year 14
At 30 September 2024 250,014

The historic cost of investments is £2,107,742 (2023: £2,062,070)

6. INVESTMENT PROPERTY
Total
£
Fair value
At 1 October 2023 9,311,111
Additions 3,944,825
At 30 September 2024 13,255,936
Net book value
At 30 September 2024 13,255,936
At 30 September 2023 9,311,111

Investment property comprises a mixture of building types and uses, located in urban areas. The fair value of the investment property has been arrived at by the directors, who have used the formal valuation carried out by FHP Property Consultants in 2019, who are not connected with the company, as a formal guide to estimate the current year value. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The historical cost of investment properties is £9,752,907 (2023: £6,758,082).


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 106,430 38,592
Other debtors 30,836 16,000
137,266 54,592

B & K THOMAS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00517577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 23,943 10,687
Amounts owed to participating interests 250,000 250,000
Tax 129,000 61,500
Social security and other taxes 6,285 5,053
VAT 39,265 22,575
Directors' current accounts - 14,762
Accruals and deferred income 364,050 253,149
812,543 617,726

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3,104 Ordinary Shares £1 3,104 3,104