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REGISTERED NUMBER: 07691907 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THOMAS WARD LIMITED

THOMAS WARD LIMITED (REGISTERED NUMBER: 07691907)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMAS WARD LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTOR: J Kaczer





REGISTERED OFFICE: 19 Montpelier Avenue
Bexley
Kent
DA5 3AP





REGISTERED NUMBER: 07691907 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

THOMAS WARD LIMITED (REGISTERED NUMBER: 07691907)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 2,482,518 1,887,135
2,482,618 1,887,235

CURRENT ASSETS
Debtors 6 157,063 212,069
Cash at bank 24,926 268,502
181,989 480,571
CREDITORS
Amounts falling due within one year 7 (325,253 ) (279,710 )
NET CURRENT (LIABILITIES)/ASSETS (143,264 ) 200,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,339,354

2,088,096

CREDITORS
Amounts falling due after more than one year 8 (1,063,703 ) (845,555 )
NET ASSETS 1,275,651 1,242,541

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 9 1,275,451 1,242,341
SHAREHOLDERS' FUNDS 1,275,651 1,242,541

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

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

THOMAS WARD LIMITED (REGISTERED NUMBER: 07691907)

BALANCE SHEET - continued
31 December 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 5 March 2025 and were signed by:





J Kaczer - Director


THOMAS WARD LIMITED (REGISTERED NUMBER: 07691907)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Thomas Ward 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.

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 3 (2023 - 3 ) .

THOMAS WARD LIMITED (REGISTERED NUMBER: 07691907)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,887,135
Additions 595,383
At 31 December 2024 2,482,518
NET BOOK VALUE
At 31 December 2024 2,482,518
At 31 December 2023 1,887,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,701 208,406
Inter company 900 900
Prepayments 3,462 2,763
157,063 212,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,170 10,000
Trade creditors (17,898 ) 22,828
Tax 34,559 25,540
VAT 14,557 18,089
Directors' current accounts 276,965 201,353
Accrued expenses 1,900 1,900
325,253 279,710

THOMAS WARD LIMITED (REGISTERED NUMBER: 07691907)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 4,167
Other loans - 1-2 years 1,063,703 831,388
1,063,703 845,555

9. RESERVES
Retained
earnings
£   

At 1 January 2024 1,242,341
Profit for the year 33,110
At 31 December 2024 1,275,451