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REGISTERED NUMBER: 07670085 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

Thomdell Developments Limited

Thomdell Developments Limited (Registered number: 07670085)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Thomdell Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr S Riddell
Ms J A Thomas





REGISTERED OFFICE: 144-146 Kings Cross Road
London
WC1X 9DU





REGISTERED NUMBER: 07670085 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Business Advisors and Statutory Auditors
144-146 Kings Cross Road
King's Cross
WC1X 9DU

Thomdell Developments Limited (Registered number: 07670085)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200 200

CURRENT ASSETS
Stocks 9,718,109 9,800,515
Debtors 5 774,556 640,189
Cash at bank 80,463 215,930
10,573,128 10,656,634
CREDITORS
Amounts falling due within one year 6 9,734,953 9,735,141
NET CURRENT ASSETS 838,175 921,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

838,375

921,693

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 7 836,375 919,693
9 838,375 921,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 March 2025 and were signed on its behalf by:





Mr S Riddell - Director


Thomdell Developments Limited (Registered number: 07670085)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Thomdell Developments 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.

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

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. FIXED ASSET INVESTMENTS

Investment - 100% holding in Thomdell Developments (2) Limited and Thomdell Group Ltd

Thomdell Developments Limited (Registered number: 07670085)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Kingdon loan account 19,615 19,615
Temple Sqr loan account 200,000 200,000
Thomdell group loan account 380,832 380,832
Portcullis loan account 530 10,682
Directors' current accounts 164,178 -
VAT 9,401 29,060
774,556 640,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 52,204 65,552
Corporation Tax - 27,900
Steve Loan Acc - Initial - 1 1,500 1,500
Jocelyn Loan Acc - Initial - 4 1,500 1,500
Other Creditors 100 100
Rent deposit 5,842 5,842
Paul Thomas 8,180,123 8,180,123
Thomdell 2 Loan Account 346,191 346,316
Paul loan interest 1,147,493 1,105,808
Directors' current accounts - 500
9,734,953 9,735,141

7. RESERVES
Retained
earnings
£   

At 1 July 2023 919,693
Deficit for the year (83,318 )
At 30 June 2024 836,375

8. RELATED PARTY DISCLOSURES

The company holds 100% share capital of Thomdell Developments (2) Limited and Thomdell Group Ltd, companies registered in England and Wales. Ms Jocelyn Thomas and Mr Steven Riddell are the controlling parties jointly.

9. RECONCILIATION OF MOVEMENTS IN RESERVES
30.6.24 30.6.23
£    £   
Loss for the financial year (83,318 ) (182,748 )
Net reduction of reserves (83,318 ) (182,748 )
Opening reserves 921,693 1,104,441
Closing reserves 838,375 921,693