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COMPANY REGISTRATION NUMBER: 01868389
Thornlake Limited
Filleted Unaudited Accounts
31 May 2024
Thornlake Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Current assets
Stocks
644,768
586,095
Cash at bank and in hand
31,903
11,208
---------
---------
676,671
597,303
Creditors: amounts falling due within one year
4
( 3,000)
( 3,000)
---------
---------
Net current assets
673,671
594,303
---------
---------
Total assets less current liabilities
673,671
594,303
---------
---------
Net assets
673,671
594,303
---------
---------
Capital and reserves
Called up share capital
5
300
300
Profit and loss account
673,371
594,003
---------
---------
Shareholders funds
673,671
594,303
---------
---------
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
S L Joberns
Director
Company registration number: 01868389
Thornlake Limited
Notes to the Accounts
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DQ.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover for the year represents sales of stock market securities, interest received and dividend income.
Stocks
The stock market securities held as stock of trade are valued at the lower of cost and net realisable value.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
3,000
3,000
-------
-------
5. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
300
300
300
300
----
----
----
----
6. Related party transactions
There was no overall controlling party during the year. No further transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 Section 1A.