Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC415714 2024-01-01 2024-12-31 SC415714 2023-01-01 2023-12-31 SC415714 2024-12-31 SC415714 2023-12-31 SC415714 c:CompanySecretary1 2024-01-01 2024-12-31 SC415714 c:Director1 2024-01-01 2024-12-31 SC415714 c:Director2 2024-01-01 2024-12-31 SC415714 c:RegisteredOffice 2024-01-01 2024-12-31 SC415714 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 SC415714 d:Buildings d:ShortLeaseholdAssets 2024-12-31 SC415714 d:Buildings d:ShortLeaseholdAssets 2023-12-31 SC415714 d:PlantMachinery 2024-01-01 2024-12-31 SC415714 d:PlantMachinery 2024-12-31 SC415714 d:PlantMachinery 2023-12-31 SC415714 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC415714 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC415714 d:CurrentFinancialInstruments 2024-12-31 SC415714 d:CurrentFinancialInstruments 2023-12-31 SC415714 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC415714 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC415714 d:ShareCapital 2024-12-31 SC415714 d:ShareCapital 2023-12-31 SC415714 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC415714 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC415714 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC415714 c:OrdinaryShareClass1 2024-12-31 SC415714 c:OrdinaryShareClass1 2023-12-31 SC415714 c:FRS102 2024-01-01 2024-12-31 SC415714 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC415714 c:FullAccounts 2024-01-01 2024-12-31 SC415714 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC415714 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC415714










THRUMS DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
THRUMS DEVELOPMENTS LIMITED
 

COMPANY INFORMATION


DIRECTORS
The Estate of Mr J Ogston 
Mrs L Ogston 




COMPANY SECRETARY
Mrs L Ogston



REGISTERED NUMBER
SC415714



REGISTERED OFFICE
Welton Cottage
Kingoldrum

Kirriemuir

Angus

DD8 5HY




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
THRUMS DEVELOPMENTS LIMITED
REGISTERED NUMBER: SC415714

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
425,958
419,079

  
425,958
419,079

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
864
861

Cash at bank and in hand
  
917
1,039

  
1,781
1,900

Creditors: amounts falling due within one year
 6 
(293,875)
(308,152)

NET CURRENT LIABILITIES
  
 
 
(292,094)
 
 
(306,252)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
133,864
112,827

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(1,754)
-

  
 
 
(1,754)
 
 
-

NET ASSETS
  
132,110
112,827


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
132,010
112,727

  
132,110
112,827


Page 1

 
THRUMS DEVELOPMENTS LIMITED
REGISTERED NUMBER: SC415714

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 statement of income and retained earnings 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 on 2 July 2025.




Mrs L Ogston
Director

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

Page 2

 
THRUMS DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Thrums Developments Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC415714. The registered office is Welton Cottage, Kingoldrum, Kirriemuir, DD8 5HY.

The Company's functional and presentatinal 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.

Page 3

 
THRUMS DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Investment property
-
nil
Plant and machinery
-
12.5% reducing balance

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.

Page 4

 
THRUMS DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

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

Page 5

 
THRUMS DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Investment property
Plant and machinery
Total

£
£
£



COST OR VALUATION


At 1 January 2024
417,984
4,755
422,739


Revaluations
7,016
-
7,016



At 31 December 2024

425,000
4,755
429,755



DEPRECIATION


At 1 January 2024
-
3,660
3,660


Charge for the year on owned assets
-
137
137



At 31 December 2024

-
3,797
3,797



NET BOOK VALUE



At 31 December 2024
425,000
958
425,958



At 31 December 2023
417,984
1,095
419,079

Page 6

 
THRUMS DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


DEBTORS

2024
2023
£
£


Prepayments and accrued income
864
861

864
861



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
-
5,859

Other taxation and social security
5,966
6,051

Other creditors
285,823
295,202

Accruals and deferred income
2,086
1,040

293,875
308,152



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 7