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REGISTERED NUMBER: 11594240 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Thornley Investments Limited

Thornley Investments Limited (Registered number: 11594240)






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


Thornley Investments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C R Thornley
Mrs C A Thornley
M Thornley
Mrs P E Thornley





SECRETARY: I Thornley





REGISTERED OFFICE: C/O 1 Stallingborough Road
Healing
Grimsby
North East Lincs
DN41 7QF





REGISTERED NUMBER: 11594240 (England and Wales)

Thornley Investments Limited (Registered number: 11594240)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 34,176 167,501
Investment property 5 2,245,000 2,050,619
2,279,176 2,218,120

CURRENT ASSETS
Debtors 6 36,885 28,425
Investments 7 1,200,000 900,000
Cash at bank 73,366 310,047
1,310,251 1,238,472
CREDITORS
Amounts falling due within one year 8 895,659 1,051,776
NET CURRENT ASSETS 414,592 186,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,693,768

2,404,816

PROVISIONS FOR LIABILITIES 45,942 6,844
NET ASSETS 2,647,826 2,397,972

CAPITAL AND RESERVES
Called up share capital 2,031,488 2,031,488
Revaluation reserve 9 145,786 -
Retained earnings 470,552 366,484
SHAREHOLDERS' FUNDS 2,647,826 2,397,972

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 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.

Thornley Investments Limited (Registered number: 11594240)

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 Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





C R Thornley - Director


Thornley Investments Limited (Registered number: 11594240)

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

1. STATUTORY INFORMATION

Thornley Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on reducing balance and 20% 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 ) .

Thornley Investments Limited (Registered number: 11594240)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 170,884
Additions 861
Disposals (128,452 )
At 30 September 2024 43,293
DEPRECIATION
At 1 October 2023 3,383
Charge for year 21,512
Eliminated on disposal (15,778 )
At 30 September 2024 9,117
NET BOOK VALUE
At 30 September 2024 34,176
At 30 September 2023 167,501

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 2,050,619
Revaluations 194,381
At 30 September 2024 2,245,000
NET BOOK VALUE
At 30 September 2024 2,245,000
At 30 September 2023 2,050,619

The investment properties were valued by the directors at the year-end.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 194,381
Cost 2,050,619
2,245,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 9,522 -
Other debtors 27,363 28,425
36,885 28,425

Thornley Investments Limited (Registered number: 11594240)

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

7. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Unlisted investments 1,200,000 900,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 44,504 20,900
Other creditors 851,155 1,030,876
895,659 1,051,776

9. RESERVES
Revaluation
reserve
£   
Movement between reserves 194,381
Deferred tax (48,595 )

At 30 September 2024 145,786