| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| FOR |
| THREADNEEDLE PROPCO LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| FOR |
| THREADNEEDLE PROPCO LTD |
| THREADNEEDLE PROPCO LTD (REGISTERED NUMBER: 11639785) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THREADNEEDLE PROPCO LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Mercury House |
| 19-21 Chapel Street |
| Marlow |
| Buckinghamshire |
| SL7 3HN |
| THREADNEEDLE PROPCO LTD (REGISTERED NUMBER: 11639785) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 31.3.25 | 31.10.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings | 11 | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| THREADNEEDLE PROPCO LTD (REGISTERED NUMBER: 11639785) |
| BALANCE SHEET - continued |
| 31ST MARCH 2025 |
| The financial statements were approved by the director and authorised for issue on |
| THREADNEEDLE PROPCO LTD (REGISTERED NUMBER: 11639785) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Threadneedle Propco Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1st November 2023 |
| and 31st March 2025 |
| DEPRECIATION |
| At 1st November 2023 |
| Charge for period |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st October 2023 |
| THREADNEEDLE PROPCO LTD (REGISTERED NUMBER: 11639785) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st November 2023 |
| Additions |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st October 2023 |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Valuation in 2020 | 45,082 |
| Valuation in 2021 | 167,075 |
| Valuation in 2022 | 65,525 |
| Valuation in 2023 | 115,730 |
| Cost | 1,222,442 |
| 1,615,854 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 31.3.25 | 31.10.23 |
| £ | £ |
| Cost | 1,209,563 | 1,209,563 |
| The investment properties were valued on the current market basis on 31st October 2023 by the director . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.10.23 |
| £ | £ |
| Amounts owed by associates |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.10.23 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Amounts owed to associates | 98,000 | 311,350 |
| Tax |
| Directors' current accounts | 122,715 | 142,715 |
| Accrued expenses |
| THREADNEEDLE PROPCO LTD (REGISTERED NUMBER: 11639785) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST NOVEMBER 2023 TO 31ST MARCH 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.25 | 31.10.23 |
| £ | £ |
| Bank loans - >1 year |
| Mortgage creditor | 764,904 | 764,474 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Mortgage creditor |
| The mortgage creditors are interest only and are secured by way of a 1st charge against the properties to which they relate. |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.3.25 | 31.10.23 |
| £ | £ |
| Deferred tax | 98,353 | 98,353 |
| Deferred tax |
| £ |
| Balance at 1st November 2023 |
| Balance at 31st March 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.25 | 31.10.23 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 11. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st November 2023 | ( |
) | 283,972 |
| Profit for the period |
| At 31st March 2025 | 488,189 |
| The revaluation reserve represents the non-distributable reserves arising following revaluation of the investment properties held at the balance sheet. The amount is stated net of a provision for deferred tax. |
| 12. | RELATED PARTY TRANSACTIONS |
| Included in "Creditors: amounts falling due within one year" is £80,000 (2023: £311,350) which is payable to Cityscape Recruitment Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing. |
| Included in "Creditors: amounts falling due within one year" is £18,000 (2023: £0) which is payable to Threadneedle Commercial Property Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing. |
| Included in "Creditors: amounts falling due within one year" is £138 (2023: £0) which is due from Threadneedle Recruitment Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing. |