IRIS Accounts Production v24.3.0.553 12628232 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Fair value model A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126282322023-05-31126282322024-05-31126282322023-06-012024-05-31126282322022-05-31126282322022-06-012023-05-31126282322023-05-3112628232ns15:EnglandWales2023-06-012024-05-3112628232ns14:PoundSterling2023-06-012024-05-3112628232ns10:Director12023-06-012024-05-3112628232ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112628232ns10:SmallEntities2023-06-012024-05-3112628232ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112628232ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112628232ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112628232ns10:FullAccounts2023-06-012024-05-3112628232ns10:OrdinaryShareClass12023-06-012024-05-3112628232ns10:OrdinaryShareClass22023-06-012024-05-3112628232ns10:Director22023-06-012024-05-3112628232ns10:RegisteredOffice2023-06-012024-05-3112628232ns5:CurrentFinancialInstruments2024-05-3112628232ns5:CurrentFinancialInstruments2023-05-3112628232ns5:Non-currentFinancialInstruments2024-05-3112628232ns5:Non-currentFinancialInstruments2023-05-3112628232ns5:ShareCapital2024-05-3112628232ns5:ShareCapital2023-05-3112628232ns5:RetainedEarningsAccumulatedLosses2024-05-3112628232ns5:RetainedEarningsAccumulatedLosses2023-05-3112628232ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3112628232ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3112628232ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3112628232ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3112628232ns5:Secured2024-05-3112628232ns5:Secured2023-05-3112628232ns10:OrdinaryShareClass12024-05-3112628232ns10:OrdinaryShareClass22024-05-31
REGISTERED NUMBER: 12628232 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

THURLSTONE ESTATES LIMITED

THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)






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


THURLSTONE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr J N Palmer
Mrs A E Palmer





REGISTERED OFFICE: Fox House
1 Fox Valley Way
Stocksbridge
Sheffield
South Yorkshire
S36 2AA





REGISTERED NUMBER: 12628232 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 148,190

CURRENT ASSETS
Debtors 5 20,903 2
Cash at bank 174 100
21,077 102
CREDITORS
Amounts falling due within one year 6 6,469 52,280
NET CURRENT ASSETS/(LIABILITIES) 14,608 (52,178 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,608 96,012

CREDITORS
Amounts falling due after more than
one year

7

-

100,343
NET ASSETS/(LIABILITIES) 14,608 (4,331 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 14,606 (4,333 )
SHAREHOLDERS' FUNDS 14,608 (4,331 )

THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)

BALANCE SHEET - continued
31 MAY 2024


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.

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 26 February 2025 and were signed on its behalf by:





Mr J N Palmer - Director


THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Thurlstone Estates 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from property rental income is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to rental period.

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.


THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 148,190
Disposals (148,190 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 148,190

THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' current accounts 20,901 -
Called up share capital not paid 2 2
20,903 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Corporation tax 3,430 -
Other creditors 2,366 51,432
Directors' current accounts - 200
Accruals and deferred income 673 648
6,469 52,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yr by instal - 100,343

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 100,343

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans - 100,343

THURLSTONE ESTATES LIMITED (REGISTERED NUMBER: 12628232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2