Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false222023-10-01falseDevelopment of building projectsfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07382195 2023-10-01 2024-09-30 07382195 2022-10-01 2023-09-30 07382195 2024-09-30 07382195 2023-09-30 07382195 c:Director1 2023-10-01 2024-09-30 07382195 d:ComputerEquipment 2023-10-01 2024-09-30 07382195 d:ComputerEquipment 2024-09-30 07382195 d:ComputerEquipment 2023-09-30 07382195 d:CurrentFinancialInstruments 2024-09-30 07382195 d:CurrentFinancialInstruments 2023-09-30 07382195 d:Non-currentFinancialInstruments 2024-09-30 07382195 d:Non-currentFinancialInstruments 2023-09-30 07382195 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07382195 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07382195 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 07382195 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 07382195 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 07382195 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 07382195 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 07382195 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 07382195 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 07382195 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 07382195 d:ShareCapital 2024-09-30 07382195 d:ShareCapital 2023-09-30 07382195 d:RetainedEarningsAccumulatedLosses 2024-09-30 07382195 d:RetainedEarningsAccumulatedLosses 2023-09-30 07382195 c:OrdinaryShareClass1 2023-10-01 2024-09-30 07382195 c:OrdinaryShareClass1 2024-09-30 07382195 c:OrdinaryShareClass1 2023-09-30 07382195 c:FRS102 2023-10-01 2024-09-30 07382195 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07382195 c:FullAccounts 2023-10-01 2024-09-30 07382195 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07382195 2 2023-10-01 2024-09-30 07382195 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07382195









THORNLEY RESIDENTIAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
THORNLEY RESIDENTIAL LIMITED
REGISTERED NUMBER: 07382195

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Stocks and Work in Progress
  
145,616
136,871

Debtors: amounts falling due within one year
 5 
747,713
768,262

Cash at bank and in hand
  
2,895
1,656

  
896,224
906,789

Creditors: amounts falling due within one year
 6 
(456,840)
(461,058)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
 
 
439,384
 
 
445,731

Creditors: amounts falling due after more than one year
 7 
(28,199)
(34,156)

  

NET ASSETS
  
411,185
411,575


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
411,085
411,475

  
411,185
411,575


Page 1

 
THORNLEY RESIDENTIAL LIMITED
REGISTERED NUMBER: 07382195
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






J Collins
Director

Date: 17 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THORNLEY RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Thornley Residential Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
THORNLEY RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25 - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

STOCKS AND WORKS IN PROGRESS

Stocks represent costs incurred on potential projects which may proceed in the future.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
THORNLEY RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 October 2023
2,149



At 30 September 2024

2,149



DEPRECIATION


At 1 October 2023
2,149



At 30 September 2024

2,149



NET BOOK VALUE



At 30 September 2024
-



At 30 September 2023
-


5.


DEBTORS

2024
2023
£
£


Amounts owed by group undertakings
413,918
761,050

Other debtors
333,795
7,212

747,713
768,262


Page 5

 
THORNLEY RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
5,556
5,556

Trade creditors
24,582
23,367

Amounts owed to joint ventures
-
244,632

Corporation tax
48,138
52,096

Other taxation and social security
-
4,343

Other creditors
378,564
131,064

456,840
461,058


Bank loans comprise a Government backed 'bounce back' loan, which was drawn down in June 2020.  This loan is 100% guaranteed by the Government and there are no fees in the first twelve months.  Any interest arising during this period is paid by the Government.  After twelve months interest will be charged.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
28,199
34,156

28,199
34,156


Bank loans comprise a Government backed 'bounce back' loan, which was drawn down in June 2020.  This loan is 100% guaranteed by the Government and there are no fees in the first twelve months.  Any interest arising during this period is paid by the Government.  After twelve months interest will be charged.

Page 6

 
THORNLEY RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
5,556
5,556


5,556
5,556

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
5,554
5,554


5,554
5,554

AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
11,111
16,667


11,111
16,667

AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS

Bank loans
11,534
11,935

11,534
11,935

33,755
39,712



9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7