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Thistle Coast Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14748127
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,168 2,891
Investment Properties 5 448,095 375,259
450,263 378,150
CURRENT ASSETS
Debtors 6 314 1,068
Cash at bank and in hand 631 1,056
945 2,124
Creditors: Amounts Falling Due Within One Year 7 (342,569 ) (246,895 )
NET CURRENT ASSETS (LIABILITIES) (341,624 ) (244,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES 108,639 133,379
Creditors: Amounts Falling Due After More Than One Year 8 (133,187 ) (156,538 )
NET LIABILITIES (24,548 ) (23,159 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (24,550 ) (23,161 )
SHAREHOLDERS' FUNDS (24,548) (23,159)
Page 1
Page 2
For the year ending 31 March 2025 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
Mrs L M Loble-Dott
Director
28 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thistle Coast Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14748127 . The registered office is Harvest House Worldham Hill, East Worldham, Alton, GU34 3AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The company balance sheet was in a net liability position at the reporting date. The directors have considered the financial position of the company and will continue to support the operating activities of the company for a period of at least 12 months from the date of approval of the financial statements. Therefore the directors believe that preparation of the accounts on the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of the investment properties held within the company. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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:
Fixtures & Fittings Straight line over 5 years
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss. 
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 4 (2024: 2)
4 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 3,614
As at 31 March 2025 3,614
Depreciation
As at 1 April 2024 723
Provided during the period 723
As at 31 March 2025 1,446
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 2,168
As at 1 April 2024 2,891
5. Investment Property
31 March 2025
£
Fair Value
As at 1 April 2024 375,259
Additions 72,836
As at 31 March 2025 448,095
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors 314 1,068
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Bank loans and overdrafts 16,654 9,957
Other creditors 325,915 236,938
342,569 246,895
Included within Other creditors above are unsecured loans from the directors of £241,806 (2024 - £152,829 ). These loans are interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Bank loans 133,187 156,538
9. Secured Creditors
Within Other Creditors the following amounts secured by fixed charge over the Investment Property:
31 March 2025 31 March 2024
£ £
Bank loans and overdrafts 149,842 166,495
10. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4