The aggregate net amount previously advanced to the directors remained unchanged during the year and, at the end of the year amounted to £13,870. There were no set terms for this arrangement and therefore no interest has been charged on the balances advanced. The above amount due to the company at the end of the period is included within the total of debtors due within one year.
Creditors falling due within one year includes an amount of £12,209 (2024: £12,209), which is due to a subsidiary company, Reality Estate Agents Limited.
Reality Estate Agents Limited is a trading company in which 51% of the share capital is held by Thompson-Carne Limited.
Funds have been advanced by Reality Estate Agents Limited by way of loan. There have been no movements on the net amount of such advances during the year and the above balance represents the amount remaining due to Reality Estate Agents Limited at the end of the period.
There are no set terms for this loan.
The average number of persons, including directors, employed by the company during the year was as follows:
The directors who previously held office both passed away during the previous financial year and were:
Mr A N Thompson (deceased 10/10/23)
Mrs L A Thompson (Deceased 19/06/23)
Mr C R Thompson, as Executor of the deceased directors, was appointed as a director of the company on 30 January 2025 in order to undertake the administrative tasks of bringing company affairs up to date following the death of the two serving directors and shareholders.
The company's investment in the subsidiary company, which was previously included under fixed assets at its cost of £20,400, was written down to nil at the end of the previous financial year.
The holding comprises 20,400 £1 shares in Reality Estate Agents Limited, which represents a 51% holding of the share capital of that company.
Reality Estate Agents Limited was a trading company registered in UK. At the date of these financial statements, the company had apparently ceased to trade.
Provision was therefore made against this investment in the previous financial year through the charge to the 2024 profit and loss account of a provision for diminution in value of the investment of £20,400 .
The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.
Thompson-Carne Limited is a private company limited by shares incorporated in England and Wales. The registered office is 46 King Street, Norwich, Norfolk, NR1 1PD.