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REGISTERED NUMBER: 11639785 (England and Wales)















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: Mr N D Hall





REGISTERED OFFICE: 1st Floor
Regency House
43 High Street
Rickmansworth
Hertfordshire
WD3 1ET





REGISTERED NUMBER: 11639785 (England and Wales)





ACCOUNTANTS: Richardson Jones
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 1,839 4,869
Investment property 5 1,615,854 1,602,975
1,617,693 1,607,844

CURRENT ASSETS
Debtors 6 3,159 122,068
Cash at bank 78,628 27,729
81,787 149,797
CREDITORS
Amounts falling due within one year 7 340,128 588,405
NET CURRENT LIABILITIES (258,341 ) (438,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,359,352

1,169,236

CREDITORS
Amounts falling due after more than one
year

8

(772,808

)

(786,909

)

PROVISIONS FOR LIABILITIES 9 (98,353 ) (98,353 )
NET ASSETS 488,191 283,974

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 295,059 295,059
Retained earnings 11 193,130 (11,087 )
SHAREHOLDERS' FUNDS 488,191 283,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd July 2025 and were signed by:





Mr N D Hall - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1st November 2023
and 31st March 2025 20,485
DEPRECIATION
At 1st November 2023 15,616
Charge for period 3,030
At 31st March 2025 18,646
NET BOOK VALUE
At 31st March 2025 1,839
At 31st October 2023 4,869

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 1,602,975
Additions 12,879
At 31st March 2025 1,615,854
NET BOOK VALUE
At 31st March 2025 1,615,854
At 31st October 2023 1,602,975

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 138 -
Other debtors 1,000 121,765
Prepayments 2,021 303
3,159 122,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.10.23
£ £
Bank loans and overdrafts 10,311 9,952
Other loans 81,514 109,898
Amounts owed to associates 98,000 311,350
Tax 13,098 -
Directors' current accounts 122,715 142,715
Accrued expenses 14,490 14,490
340,128 588,405

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 7,904 22,435
Mortgage creditor 764,904 764,474
772,808 786,909

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage creditor 764,904 764,474

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 98,353
Balance at 31st March 2025 98,353

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.10.23
value: £ £
2 Ordinary £1 2 2

11. RESERVES
Retained Revaluation
earnings reserve Totals
£ £ £

At 1st November 2023 (11,087 ) 295,059 283,972
Profit for the period 204,217 204,217
At 31st March 2025 193,130 295,059 488,189

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.