Registered number
00575610
Thos, Wade's Estates, Limited
Filleted Accounts
31 August 2024
Thos, Wade's Estates, Limited
Registered number: 00575610
Balance Sheet
as at 31 August 2024
Notes 2024 2023
Fixed assets
Tangible assets 3 1,662,587 1,625,207
Current assets
Debtors 4 6,432 5,982
Cash at bank and in hand 10,425 16,135
16,857 22,117
Creditors: amounts falling due within one year 5 (76,619) (59,318)
Net current liabilities (59,762) (37,201)
Total assets less current liabilities 1,602,825 1,588,006
Provisions for liabilities (366,562) (362,857)
Net assets 1,236,263 1,225,149
Capital and reserves
Called up share capital 6,000 6,000
Profit and loss account 1,230,263 1,219,149
Shareholders' funds 1,236,263 1,225,149
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J R Wade
Director
Approved by the board on 27 May 2025
Thos, Wade's Estates, Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income being rent receivable from tenants in respect of the lease of the company's properties.
Investment properties
Investment properties are carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. No depreciation is provided on investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment properties
Fair value
At 1 September 2023 1,625,207
Surplus on revaluation 37,380
At 31 August 2024 1,662,587
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 1,662,587
At 31 August 2023 1,625,207
Freehold land and buildings: 2024 2023
Historical cost 160,175 160,175
Cumulative depreciation based on historical cost - -
160,175 160,175
4 Debtors 2024 2023
Trade debtors 6,432 5,982
5 Creditors: amounts falling due within one year 2024 2023
Trade creditors 2,513 1,928
Taxation and social security costs 115 -
Other creditors 73,991 57,390
76,619 59,318
6 Controlling party
The ultimate parent company is T.W.E. (Holdings) Limited and the registered office is the same as the registered office address of this company. The directors consider that there is no individual controlling party.
7 Other information
Thos, Wade's Estates, Limited is a private company limited by shares and incorporated in England. Its registered office is:
Manor Farm
Harlington
Doncaster
South Yorkshire
DN5 7JB
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