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REGISTERED NUMBER: 07581092 (England and Wales)















THORNHAM HOLIDAY LETTINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


THORNHAM HOLIDAY LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs S C Mocatta
Mr S B C Mocatta
Mr N C C Mocatta
Miss R E C Mocatta





REGISTERED OFFICE: 20 Kings Lynn Road
Hunstanton
Norfolk
PE36 5HP





BUSINESS ADDRESS: Staithe House
Staithe Lane
Thornham
Norfolk
PE36 6NL





REGISTERED NUMBER: 07581092 (England and Wales)






THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,714 34,416
Investment property 5 1,076,663 1,055,272
1,107,377 1,089,688

CURRENT ASSETS
Debtors 6 2,065 882
Cash at bank 2,897 2,194
4,962 3,076
CREDITORS
Amounts falling due within one year 7 760,663 754,623
NET CURRENT LIABILITIES (755,701 ) (751,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,676

338,141

PROVISIONS FOR LIABILITIES 51,896 49,504
NET ASSETS 299,780 288,637

THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 359,047 359,047
Reserves (59,367 ) (70,510 )
SHAREHOLDERS' FUNDS 299,780 288,637

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 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 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.

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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2025 and were signed on its behalf by:





Mrs S C Mocatta - Director


THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Thornham Holiday Lettings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

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 Profit and loss, 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.


THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 68,548
Additions 1,723
At 31 December 2024 70,271
DEPRECIATION
At 1 January 2024 34,132
Charge for year 5,425
At 31 December 2024 39,557
NET BOOK VALUE
At 31 December 2024 30,714
At 31 December 2023 34,416

THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,055,272
Additions 21,391
At 31 December 2024 1,076,663
NET BOOK VALUE
At 31 December 2024 1,076,663
At 31 December 2023 1,055,272

The director, Mrs S C Mocatta considers the market value of the Investment Properties to be £1,076,663 as at 31 December 2024.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2018 101,520
Valuation in 2020 73,467
Valuation in 2021 1,475
Valuation in 2022 255,719
Cost 644,482
1,076,663

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 2,065 882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 312 312
Other creditors 760,351 754,311
760,663 754,623

THORNHAM HOLIDAY LETTINGS LIMITED (REGISTERED NUMBER: 07581092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 359,047

9. RELATED PARTY DISCLOSURES

As at 31 December 2024 the company owed Mr C T Mocatta, Mrs S C Mocatta's husband, £248,310 (2023 - £248,310). This loan is interest free and is repayable on demand.