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REGISTERED NUMBER: 08306045 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THORNHILL PROPERTIES LIMITED

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THORNHILL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr C S Choker
Mr S S Choker
Mrs R K Dhami
Mr C S Dhami





REGISTERED OFFICE: 20 Hallamgate Road
Broomhill
Sheffield
South Yorkshire
S10 5BT





REGISTERED NUMBER: 08306045 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 18,179 23,214
Investments 5 220,487 220,487
Investment property 6 6,235,297 6,224,001
6,473,963 6,467,702

CURRENT ASSETS
Debtors 7 5,430 8,994
Cash at bank 330,922 266,816
336,352 275,810
CREDITORS
Amounts falling due within one year 8 (198,251 ) (221,071 )
NET CURRENT ASSETS 138,101 54,739
TOTAL ASSETS LESS CURRENT LIABILITIES 6,612,064 6,522,441

CREDITORS
Amounts falling due after more than one year 9 (2,146,635 ) (2,355,000 )

PROVISIONS FOR LIABILITIES (151,464 ) (151,464 )
NET ASSETS 4,313,965 4,015,977

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 12 2 2
Revaluation reserve 13 522,572 522,572
Retained earnings 3,791,391 3,493,403
SHAREHOLDERS' FUNDS 4,313,965 4,015,977

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 March 2025 and were signed on its behalf by:





Mr S S Choker - Director


THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

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

1. STATUTORY INFORMATION

Thornhill Properties 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 as modified by the revaluation of certain assets.

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 - 25% on cost
Computer equipment - 25% on cost

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.

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 4 (2023 - 4 ) .

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 12,388 27,120 4,518 44,026
DEPRECIATION
At 1 January 2024 4,535 11,759 4,518 20,812
Charge for year 1,963 3,072 - 5,035
At 31 December 2024 6,498 14,831 4,518 25,847
NET BOOK VALUE
At 31 December 2024 5,890 12,289 - 18,179
At 31 December 2023 7,853 15,361 - 23,214

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 220,487
NET BOOK VALUE
At 31 December 2024 220,487
At 31 December 2023 220,487

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 6,224,001
Additions 11,296
At 31 December 2024 6,235,297
NET BOOK VALUE
At 31 December 2024 6,235,297
At 31 December 2023 6,224,001

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 1,855,338
Cost 4,379,959
6,235,297

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,379,959 4,376,163

Investment property was valued on an open market basis on 31 December 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,430 8,994

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 46,000 71,000
Trade creditors 464 3,480
Taxation and social security 101,341 61,322
Other creditors 50,446 85,269
198,251 221,071

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 270,000 628,500
Other creditors 1,876,635 1,726,500
2,146,635 2,355,000

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

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

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 46,000 71,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 46,000 71,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 224,000 557,500

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,886 7,329
Between one and five years - 4,886
4,886 12,215

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

13. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 522,572

THORNHILL PROPERTIES LIMITED (REGISTERED NUMBER: 08306045)

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

14. RELATED PARTY DISCLOSURES

Hallamgate Properties Ltd is a company under the common control of the director.
At the year end date a balance of £1,039,000 (2023: £1,043,000) was owed by Thornhill Properties Limited to Hallamgate Properties Ltd.

Thornsett Properties Ltd is a company under the common control of the director.
At the year end date a balance of £780,000 (2023: £650,000) was owed by Thornhill Properties Limited to Thornsett Properties Ltd.