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REGISTERED NUMBER: 02710016 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Chris Thorpe Associates Limited

Chris Thorpe Associates Limited (Registered number: 02710016)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chris Thorpe Associates Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: C J Thorpe





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 02710016 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

Chris Thorpe Associates Limited (Registered number: 02710016)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,464,107 1,419,816

CURRENT ASSETS
Debtors 5 3,463 4,007
Cash at bank 30,222 67,552
33,685 71,559
CREDITORS
Amounts falling due within one year 6 252,519 259,560
NET CURRENT LIABILITIES (218,834 ) (188,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,245,273

1,231,815

PROVISIONS FOR LIABILITIES 164,315 155,892
NET ASSETS 1,080,958 1,075,923

CAPITAL AND RESERVES
Called up share capital 10 10
Undistributable reserve 8 697,325 660,875
Retained earnings 383,623 415,038
SHAREHOLDERS' FUNDS 1,080,958 1,075,923

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 director acknowledges his 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.

Chris Thorpe Associates Limited (Registered number: 02710016)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





C J Thorpe - Director


Chris Thorpe Associates Limited (Registered number: 02710016)

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

1. STATUTORY INFORMATION

Chris Thorpe Associates 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 etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Chris Thorpe Associates Limited (Registered number: 02710016)

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

4. TANGIBLE FIXED ASSETS
Investment Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 1,415,000 7,511 1,422,511
Additions - 660 660
Revaluations 45,000 - 45,000
At 30 September 2024 1,460,000 8,171 1,468,171
DEPRECIATION
At 1 October 2023 - 2,695 2,695
Charge for year - 1,369 1,369
At 30 September 2024 - 4,064 4,064
NET BOOK VALUE
At 30 September 2024 1,460,000 4,107 1,464,107
At 30 September 2023 1,415,000 4,816 1,419,816

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 184,943 - 184,943
Valuation in 2013 20,000 - 20,000
Valuation in 2014 70,000 - 70,000
Valuation in 2015 302,527 - 302,527
Valuation in 2019 60,000 - 60,000
Valuation in 2020 90,000 - 90,000
Valuation in 2021 30,000 - 30,000
Valuation in 2022 55,000 - 55,000
Valuation in 2023 3,425 - 3,425
Valuation in 2024 45,000 - 45,000
Cost 599,105 8,171 607,276
1,460,000 8,171 1,468,171

Chris Thorpe Associates Limited (Registered number: 02710016)

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

4. TANGIBLE FIXED ASSETS - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 599,105 599,105

Investment properties were valued on an open market basis on 31 October 2024 by C Thorpe (Director) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 3,463 4,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 249,000 249,000
Other creditors 3,519 10,560
252,519 259,560

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 249,000 249,000

Barclays Bank Plc holds a legal mortgage over the freehold properties known as 20 Lavender Close and 10 Cornflower Way, Hatfield, Herts.

8. RESERVES
Undistributable
reserve
£   
At 1 October 2023 660,875
Change in market value 36,450

At 30 September 2024 697,325