REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
13th October 2023 to 31st October 2024 |
for |
Theale Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
13th October 2023 to 31st October 2024 |
for |
Theale Limited |
Theale Limited (Registered number: 15209761) |
Contents of the Financial Statements |
for the Period 13th October 2023 to 31st October 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Theale Limited |
Company Information |
for the Period 13th October 2023 to 31st October 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Delmon House |
36-38 Church Road |
Burgess Hill |
West Sussex |
RH15 9AE |
Theale Limited (Registered number: 15209761) |
Statement of Financial Position |
31st October 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Theale Limited (Registered number: 15209761) |
Notes to the Financial Statements |
for the Period 13th October 2023 to 31st October 2024 |
1. | STATUTORY INFORMATION |
Theale Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Income is derived from ground rents received in relation to the freehold held by the company. |
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 period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was NIL. |
Theale Limited (Registered number: 15209761) |
Notes to the Financial Statements - continued |
for the Period 13th October 2023 to 31st October 2024 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
At the balance sheet date £1 is owed to a company under common control. |
8. | ULTIMATE CONTROLLING PARTY |
The parent company, Mayer Property Ltd, is the immediate controlling party. |
The ultimate controlling party is considered to be Dean Mayer, by virtue of his majority shareholding in the parent company. |