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REGISTERED NUMBER: 04178220 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Thistle (1895) Limited

Thistle (1895) Limited (Registered number: 04178220)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thistle (1895) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P A Jeffries
S J Valentine





SECRETARY: S J Valentine





REGISTERED OFFICE: 2 High Street
Burnham on Crouch
Essex
CM0 8AA





REGISTERED NUMBER: 04178220 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
2 High Street
Burnham on Crouch
Essex
CM0 8AA

Thistle (1895) Limited (Registered number: 04178220)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 424,102 450,000

CURRENT ASSETS
Debtors 5 3,376 3,588
Cash at bank 56 257
3,432 3,845
CREDITORS
Amounts falling due within one year 6 13,198 12,049
NET CURRENT LIABILITIES (9,766 ) (8,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,336

441,796

CREDITORS
Amounts falling due after more than one
year

7

23,500

23,500
NET ASSETS 390,836 418,296

RESERVES
Revaluation reserve 9 424,103 450,000
Income and expenditure account (33,267 ) (31,704 )
390,836 418,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 surplus or deficit 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.

Thistle (1895) Limited (Registered number: 04178220)

Balance Sheet - continued
31 March 2025


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 21 May 2025 and were signed on its behalf by:





S J Valentine - Director


Thistle (1895) Limited (Registered number: 04178220)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Thistle (1895) Limited is a private company, limited by guarantee , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 5% on cost

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 NIL (2024 - NIL).

Thistle (1895) Limited (Registered number: 04178220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 585,764
DEPRECIATION
At 1 April 2024 135,764
Charge for year 25,898
At 31 March 2025 161,662
NET BOOK VALUE
At 31 March 2025 424,102
At 31 March 2024 450,000

Cost or valuation at 31 March 2025 is represented by:

Plant and
machinery
etc
£   
Valuation in 2006 75,500
Valuation in 2024 442,450
Cost 67,814
585,764

If the barge had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 66,000 66,000
Aggregate depreciation 66,000 66,000

The barge was valued on an open market basis on 11 June 2024 by M J Lewis & Son (Boat Sales) Ltd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 3,376 3,588

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 13,198 12,049

Thistle (1895) Limited (Registered number: 04178220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Other creditors 23,500 23,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures more 5yr non-instal 23,500 23,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Debentures 23,500 23,500

The debentures are secured by a floating charge over all the undertaking and assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024 450,000
Tfr from Revaluation reserve (25,897 )

At 31 March 2025 424,103