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REGISTERED NUMBER: 04043522 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THAMESIDE LIMITED

THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THAMESIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr J Paschali
Mr R G Kilikita





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04043522 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,431 1,789
Investments 5 367,587 256,031
Investment property 6 8,711,197 8,427,458
9,080,215 8,685,278

CURRENT ASSETS
Debtors 7 1,793,014 895,222
Cash at bank 103,550 83,244
1,896,564 978,466
CREDITORS
Amounts falling due within one year 8 1,956,399 1,653,033
NET CURRENT LIABILITIES (59,835 ) (674,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,020,380

8,010,711

CREDITORS
Amounts falling due after more than one
year

9

(5,301,821

)

(4,399,211

)

PROVISIONS FOR LIABILITIES (272,002 ) (272,002 )
NET ASSETS 3,446,557 3,339,498

CAPITAL AND RESERVES
Called up share capital 10 102 102
Fair value reserve 11 490,498 490,498
Retained earnings 2,955,957 2,848,898
SHAREHOLDERS' FUNDS 3,446,557 3,339,498

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

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

THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

BALANCE SHEET - continued
31 JULY 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:





Mr J Paschali - Director


THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

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


1. STATUTORY INFORMATION

Thameside 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Fixtures and fittings - 20% on reducing balance

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

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 2 (2023 - 2 ) .

THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 65,895
DEPRECIATION
At 1 August 2023 64,106
Charge for year 358
At 31 July 2024 64,464
NET BOOK VALUE
At 31 July 2024 1,431
At 31 July 2023 1,789

5. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 August 2023 256,001 30 256,031
Additions - 111,556 111,556
At 31 July 2024 256,001 111,586 367,587
NET BOOK VALUE
At 31 July 2024 256,001 111,586 367,587
At 31 July 2023 256,001 30 256,031

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 8,427,458
Additions 283,739
At 31 July 2024 8,711,197
NET BOOK VALUE
At 31 July 2024 8,711,197
At 31 July 2023 8,427,458

THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2017 762,500
Cost 7,948,697
8,711,197

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 18,000
Amounts due by related parties 1,778,845 872,187
VAT 7,951 -
Prepayments 6,218 5,035
1,793,014 895,222

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 11,000 70,000
Trade creditors - 38,202
Amounts owed to group undertakings 1,169,710 319,710
Corporation tax payable 34,129 43,550
VAT - 1,807
Amounts due to related parties 634,699 1,074,699
Other creditors 87,609 86,313
Directors' current accounts 15,252 15,252
Accruals 4,000 3,500
1,956,399 1,653,033

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 11,000 -
Bank loans - 2-5 years 4,446,571 210,000
Bank loans more 5 yr by instal 844,250 4,189,211
5,301,821 4,399,211

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 844,250 4,189,211

THAMESIDE LIMITED (REGISTERED NUMBER: 04043522)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
102 Ordinary £1 102 102

11. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 490,498