Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mr M Buxton 30/07/2018 Mr G R Fincham 31/01/2018 Mr G P Turbott 30/07/2018 23 July 2025 The principal activity of the company is that of real estate agency activities. 11180957 2024-10-31 11180957 bus:Director1 2024-10-31 11180957 bus:Director2 2024-10-31 11180957 bus:Director3 2024-10-31 11180957 2023-10-31 11180957 core:CurrentFinancialInstruments 2024-10-31 11180957 core:CurrentFinancialInstruments 2023-10-31 11180957 core:Non-currentFinancialInstruments 2024-10-31 11180957 core:Non-currentFinancialInstruments 2023-10-31 11180957 core:ShareCapital 2024-10-31 11180957 core:ShareCapital 2023-10-31 11180957 core:RetainedEarningsAccumulatedLosses 2024-10-31 11180957 core:RetainedEarningsAccumulatedLosses 2023-10-31 11180957 bus:OrdinaryShareClass1 2024-10-31 11180957 bus:OrdinaryShareClass2 2024-10-31 11180957 2023-11-01 2024-10-31 11180957 bus:FilletedAccounts 2023-11-01 2024-10-31 11180957 bus:SmallEntities 2023-11-01 2024-10-31 11180957 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11180957 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11180957 bus:Director1 2023-11-01 2024-10-31 11180957 bus:Director2 2023-11-01 2024-10-31 11180957 bus:Director3 2023-11-01 2024-10-31 11180957 2022-11-01 2023-10-31 11180957 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 11180957 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 11180957 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 11180957 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11180957 (England and Wales)

PROGRESS LAND (THORNBURY) LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

PROGRESS LAND (THORNBURY) LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

PROGRESS LAND (THORNBURY) LIMITED

BALANCE SHEET

As at 31 October 2024
PROGRESS LAND (THORNBURY) LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Current assets
Stocks 3 133,964 131,564
Debtors 4 34,610 43,131
Cash at bank and in hand 855 1,579
169,429 176,274
Creditors: amounts falling due within one year 5 ( 161,481) ( 159,028)
Net current assets 7,948 17,246
Total assets less current liabilities 7,948 17,246
Creditors: amounts falling due after more than one year 6 ( 32,342) ( 39,398)
Net liabilities ( 24,394) ( 22,152)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 24,494 ) ( 22,252 )
Total shareholders' deficit ( 24,394) ( 22,152)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Progress Land (Thornbury) Limited (registered number: 11180957) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Mr G R Fincham
Director
PROGRESS LAND (THORNBURY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
PROGRESS LAND (THORNBURY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

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

General information and basis of accounting

Progress Land (Thornbury) Limited (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 Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom. The principal place of business is 1 Fairmantle Street, Truro, Cornwall, TR1 2LP.

The financial statements have been prepared under the historical cost convention, modified to include 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

Notwithstanding the net liabilities of £24,394 (2023 - £22,152) the directors have continued to adopt the going concern basis of accounting. The directors, and other related companies, have confirmed their willingness to support the company for the foreseeable future (being not less than 12 months from approval of the financial statements), and are also expecting future growth sufficient to enable the company to meet its liabilities.

Work in progress

Work in progress is valued at the lower of cost and net realisable value after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Costs includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Stocks

2024 2023
£ £
Stocks 133,964 0
Work in progress 0 131,564
133,964 131,564

4. Debtors

2024 2023
£ £
Other debtors 34,610 43,131

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 7,056 7,056
Trade creditors 3,475 1,022
Accruals 1,000 1,000
Other creditors 149,950 149,950
161,481 159,028

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 32,342 39,398

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary - paid shares of £ 1.00 each 50 50
Allotted, called-up and not yet paid
50 Ordinary - unpaid shares of £ 1.00 each 50 50

8. Related party transactions

Other related party transactions

During the current year loan accounts existed between Progress Land (Thornbury) Limited and other companies in which the directors and shareholders are directors and shareholders.

The loans are interest free and are repayable when the company is in a suitable financial position.

At the year end £149,950 (2023 - £149,950) was owed to these companies and is shown in other creditors.

At the year end £34,560 (2023 - £43,081) was owed by these companies and is shown in other debtors.