Company No: 15169561 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Lisa Jane Pearcy (Appointed 27 September 2023)
	Tom Alexander Pearcy (Appointed 27 September 2023)

REGISTERED OFFICE	Pippin House Bridge Garth
	Main Street
	Heslington
	York
	YO10 5EB
	United Kingdom

COMPANY NUMBER

15169561 (England and Wales)

ACCOUNTANT	Morrell Middleton Auditors Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	30.09.2024
		£
Fixed assets
Tangible assets	4	5,746
Investment property	5	832,902
		838,648
Current assets
Debtors	6	792
Cash at bank and in hand	7	56,391
		57,183
Creditors: amounts falling due within one year	8	( 907,742)
Net current liabilities		(850,559)
Total assets less current liabilities		(11,911)
Net liabilities		( 11,911)
Capital and reserves
Called-up share capital	9	100
Profit and loss account		( 12,011 )
Total shareholders' deficit		( 11,911)

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Thors Ghyll Ltd (registered number: 15169561) were approved and authorised for issue by the Board of Directors on 19 June 2025. They were signed on its behalf by:

Tom Alexander Pearcy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Thors Ghyll Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pippin House Bridge Garth, Main Street, Heslington, York, YO10 5EB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The Company was incorporated on 27 September 2023. These accounts are for the period from incorporation to 30 September 2024.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

33.33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Period from 27.09.2023 to 30.09.2024
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 27 September 2023	0		0
Additions	6,894		6,894
At 30 September 2024	6,894		6,894
Accumulated depreciation
At 27 September 2023	0		0
Charge for the financial period	1,148		1,148
At 30 September 2024	1,148		1,148
Net book value
At 30 September 2024	5,746		5,746

5. Investment property

	Investment property
	£
Valuation
As at 27 September 2023	0
Additions	832,902
As at 30 September 2024	832,902

6. Debtors

	30.09.2024
	£
Other debtors	792

7. Cash and cash equivalents

	30.09.2024
	£
Cash at bank and in hand	56,391

8. Creditors: amounts falling due within one year

	30.09.2024
	£
Other creditors	907,742

9. Called-up share capital

	30.09.2024
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100