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Registered number: 08967301
Threadmark Partners Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Halkin Lerman Davis Limited
Beaumont Chancery 44 Southampton Buildings
Halkin Lerman Davis
London
WC2A 1AP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08967301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 239,858 247,868
Investments 5 1,551,678 1,551,678
1,791,536 1,799,546
CURRENT ASSETS
Debtors 6 596,736 839,250
Cash at bank and in hand 2,409,303 1,081,252
3,006,039 1,920,502
Creditors: Amounts Falling Due Within One Year 7 (1,574,042 ) (599,331 )
NET CURRENT ASSETS (LIABILITIES) 1,431,997 1,321,171
TOTAL ASSETS LESS CURRENT LIABILITIES 3,223,533 3,120,717
NET ASSETS 3,223,533 3,120,717
CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Profit and Loss Account 2,973,533 2,870,717
SHAREHOLDERS' FUNDS 3,223,533 3,120,717
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B H Chapman
Director
04/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Threadmark Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08967301 . The registered office is First Floor Healthaid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents invoiced amounts receivable by the Company. Amounts receivable represent revenue the Company is entitled to receive, once documented contractual events have been completed leading to the Company having the contractual right to receive that revenue.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% on cost
Fixtures & Fittings 10% on cost
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 26,896 234,038 53,392 314,326
Additions - 25,603 1,167 26,770
As at 31 December 2024 26,896 259,641 54,559 341,096
Depreciation
As at 1 January 2024 2,690 22,905 40,863 66,458
Provided during the period 2,689 25,178 6,913 34,780
As at 31 December 2024 5,379 48,083 47,776 101,238
Net Book Value
As at 31 December 2024 21,517 211,558 6,783 239,858
As at 1 January 2024 24,206 211,133 12,529 247,868
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
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Page 3
5. Investments
Other
£
Cost
As at 1 January 2024 1,551,678
As at 31 December 2024 1,551,678
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,551,678
As at 1 January 2024 1,551,678
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 205,718 93,283
Prepayments and accrued income 222,937 147,422
Other debtors 101,631 554,802
VAT 66,450 43,743
596,736 839,250
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 691,392 -
Corporation tax 239,990 -
Other taxes and social security 139,560 132,045
Other creditors 493,781 462,845
Accruals and deferred income 9,319 4,441
1,574,042 599,331
8. Deferred Taxation
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.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250,000 250,000
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Page 4
10. Related Party Transactions
Included within other debtors due within one year at the balance sheet date is £1,631 owed to the Company from entities under common control (2023 - £54,802).
Included within other creditors due within one year at the balance sheet date is £247,684 owed from the Company to entities under common control (2023 - £245,051).
During the year, the Company paid £3,344,645 in service charges and management fees to an entity under common control (2023 - £3,252,710).
During the year, the Company was party to a recharge expense agreement with other entities under common control, under which expenses are apportioned at cost between the parties to fairly allocate the expenses incurred based on usage
11. Ultimate Controlling Party
In the opinion of the directors there is no overall control of the company.
Page 4