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REGISTERED NUMBER: 10666602 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TH PROPERTY HOLDINGS LTD

TH PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 10666602)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TH PROPERTY HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: AC Harris





REGISTERED OFFICE: 24 Fore St
Ipswich
IP4 1JU





REGISTERED NUMBER: 10666602 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

TH PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 10666602)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,001 5,883
Investment property 5 1,620,000 1,620,000
1,625,001 1,625,883

CURRENT ASSETS
Debtors 6 226,744 186,862
Cash at bank 13,472 7,293
240,216 194,155
CREDITORS
Amounts falling due within one year 7 96,901 133,329
NET CURRENT ASSETS 143,315 60,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,316

1,686,709

CREDITORS
Amounts falling due after more than one
year

8

(558,981

)

(520,278

)

PROVISIONS FOR LIABILITIES 9 (255,987 ) (256,024 )
NET ASSETS 953,348 910,407

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 1,022,500 1,022,500
Retained earnings (69,252 ) (112,193 )
SHAREHOLDERS' FUNDS 953,348 910,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TH PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 10666602)

BALANCE SHEET - continued
31 MARCH 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 14 March 2025 and were signed by:





AC Harris - Director


TH PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 10666602)

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

1. STATUTORY INFORMATION

TH Property Holdings Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance

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 1 (2023 - 1 ) .

TH PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 10666602)

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

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 April 2023
and 31 March 2024 15,600
DEPRECIATION
At 1 April 2023 9,717
Charge for year 882
At 31 March 2024 10,599
NET BOOK VALUE
At 31 March 2024 5,001
At 31 March 2023 5,883

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,620,000
NET BOOK VALUE
At 31 March 2024 1,620,000
At 31 March 2023 1,620,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 597,500
Valuation in 2022 597,500
Valuation in 2023 425,000
1,620,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,645 31,756
Other debtors 201,099 155,106
226,744 186,862

TH PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 10666602)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,519 30,519
Trade creditors - 336
Corporation tax 14,614 30,040
VAT 6,308 7,992
Other creditors 28,813 26,625
Deferred income 36,328 35,596
Accrued expenses 2,319 2,221
96,901 133,329

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 558,981 520,278

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 255,987 256,024

Deferred
tax
£   
Balance at 1 April 2023 256,024
Accelerated capital allowances (37 )
Revaluation of property
Balance at 31 March 2024 255,987

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 1,022,500

11. RELATED PARTY DISCLOSURES

Included in the other debtors balance at the year end are the following loans due from related parties:

Harris Strategic Land Limited £4,010 (2023: £2,750). This is a company of which Mr A Harris is a director and shareholder.

TH Investment Holdings Ltd £24,000 (2023: £23,000). This is a company of which Mr A Harris is a director and shareholder.

The Arches (Midlands) Ltd £27,800 (2023: £35,200). This is a company of which Mr A Harris is a director.