2023-11-012024-10-312024-10-31false10417928BOTHY THREADS PROPERTY MANAGEMENT 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BOTHY THREADS PROPERTY MANAGEMENT LIMITED

Registered Number
10417928
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

BOTHY THREADS PROPERTY MANAGEMENT LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

GOLBY, Claire Eleanor
GOLBY, Iona Jennifer
RAYMENT, Christine

Registered Address

2 Europe Way
Cockermouth
CA13 0RJ

Registered Number

10417928 (England and Wales)
BOTHY THREADS PROPERTY MANAGEMENT LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,631,1861,627,244
1,631,1861,627,244
Current assets
Debtors42564,023
Cash at bank and on hand1,244708
1,5004,731
Creditors amounts falling due within one year5(1,321,169)(1,424,559)
Net current assets (liabilities)(1,319,669)(1,419,828)
Total assets less current liabilities311,517207,416
Net assets311,517207,416
Capital and reserves
Called up share capital105105
Profit and loss account311,412207,311
Shareholders' funds311,517207,416
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2025, and are signed on its behalf by:
RAYMENT, Christine
Director
Registered Company No. 10417928
BOTHY THREADS PROPERTY MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Land and Buildings - No depreciation
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 November 231,627,2441,627,244
Additions3,9423,942
At 31 October 241,631,1861,631,186
Net book value
At 31 October 241,631,1861,631,186
At 31 October 231,627,2441,627,244
4.Debtors: amounts due within one year

2024

2023

££
Other debtors2564,023
Total2564,023
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security9,435-
Other creditors1,293,8341,407,559
Accrued liabilities and deferred income17,90017,000
Total1,321,1691,424,559
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.