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Registered Number: 06267033
England and Wales

 

 

 

THACKERAY COURT PORTER'S LODGE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Director G P Sumner
Registered Number 06267033
Registered Office Unit 15 City Business Centre
Lower Road
LONDON
SE16 2XB
Accountants Cocke, Vellacott & Hill
Chartered Accountants
Unit 15 City Business Centre
Lower Road
London
SE16 2XB
Bankers National Westminster Bank plc
Osterley Branch, Syon Lane Corner
Great West Road
Isleworth
TW7 5NR

1
Director's report and financial statements
The director presents report and unaudited accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company is to acquire, hold, manage, maintain, administer and deal with certain land and buildings known as The Porter's Lodge, Thackeray Court, Hanger Vale Lane, W5 3AT. From 1 February 2006 the property has been leased to Thackeray Court Ealing Limited (TCE) for a 30 year lease period and for that period TCE is responsible to lay out, provide for and maintain in good order the property and to provide such renewals and additions as may from time to time become necessary to maintain and improve the amenities of the property.
Audit exemption
Thackeray Court Porter's Lodge Limited has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.
Director
The director who served the company throughout the year was as follows:
G P Sumner
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Small company regime
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006.

On behalf of the board.


----------------------------------
G P Sumner
Director

Date approved: 18 July 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 220,000    220,000 
220,000    220,000 
Current assets      
Debtors: amounts falling due within one year 4   360 
Cash at bank and in hand 7,183    4,233 
7,183    4,593 
Creditors: amount falling due within one year 5 (11,835)   (17,810)
Net current assets (4,652)   (13,217)
 
Total assets less current liabilities 215,348    206,783 
Creditors: amount falling due after more than one year 6   (1,741)
Provisions for liabilities 7 (5,756)   (5,756)
Net assets 209,592    199,286 
 

Capital and reserves
     
Called up share capital 48    48 
Reserves 8 87,520    87,520 
Profit and loss account 122,024    111,718 
Shareholders' funds 209,592    199,286 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 18 July 2025 and were signed by:


-------------------------------
G P Sumner
Director
3
General Information
Thackeray Court Porter's Lodge Limited is a private company, limited by shares, registered in England and Wales, registration number 06267033, registration address Unit 15 City Business Centre, Lower Road, LONDON, SE16 2XB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Investment properties
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the statement of income. Deferred taxation is provided on any gains at the current rate.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

The company is administered by the director with help from Michael Richards & Co managing agents who also manage the related company Thackeray Court Ealing Limited. 
Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 January 2024 220,000    220,000 
Additions  
Disposals  
At 31 December 2024 220,000    220,000 
Depreciation
At 01 January 2024  
Charge for year  
On disposals  
At 31 December 2024  
Net book values
Closing balance as at 31 December 2024 220,000    220,000 
Opening balance as at 01 January 2024 220,000    220,000 

The property valuation is comprised of original cost £132,480 and subsequent valuation uplift £87,520.

In accordance with the accounting policy stated in note 1 the long leasehold investment property at Thackeray Court Porter's Lodge, Ealing, London, W5 is shown at fair value. The directors, having taken professional advice from a chartered surveyor that there has been no significant change in the market since last year, consider that the valuation remains adequate. The above property has been leased to Thackeray Court Ealing Limited for a 30 year period from 1 February 2006 at an annual rental of £7,607 increased yearly in accordance with increases in the retail price index. The rental for the year ended 31 December 2024 was £14,845.

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors   360 
  360 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Amounts owed to related company 1,972    32 
Corporation Tax 2,508    4,248 
Accrued Expenses 3,520    2,010 
Loans from shareholders 3,835    11,520 
11,835    17,810 
The related company referred to is Thackeray Court Ealing Limited (see note 12 for more details).

The loan from shareholders is an interest free, unsecured loan (see note 12 for more details).

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Loans from shareholders   1,741 
  1,741 
The amount of loan that is repaid each year is determined by the directors and reflects primarily the rental income of the company arising from the contract with Thackeray Court Ealing Limited.

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 5,756    5,756 
5,756    5,756 

8.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 87,520    87,520 
87,520    87,520 

9.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Thackeray Court Ealing Limited(1,932)(32)

Thackeray Court Porter's Lodge Limited (TCPL) bought a 999 year lease in the caretaker's flat which forms the investment property of the company from Thackeray Court Ealing Limited (TCE) on 1 February 2006, before the incorporation date, for £132,480. The property was paid with monies borrwed from all the shareholders of TCPL amounting to £132,432. The balance of the loan at 31 December 2024 amounted to £3,451 (31 December 2023: £13,261) and is shown in creditors in notes 6 and 7. The director Mr GP Sumner who is also a shareholder has a loan balance of £0 (31 December 2023: £606) and received payments of £840 (31 December 2023: £720) during the year. This director's loan balance is part of the loan from shareholders described above. All shareholders of TCPL are shareholders of TCE, however not all shareholders of TCE are shareholders of TCPL. Having sold the 999 year lease in the caretaker's flat, TCE then took out an operating lease for 30 years on the flat from 1 February 2006 from TCPL at an annual rent of £7,607 increased yearly in accordance with increases in the retail prices index. At 31 December 2024 a balance of £1,972 was owed to TCE by TCPL as shown in note 6 (31 December 2023: £32 owed to TCE by TCPL). No transactions took place between the companies during the year. The movement in the balance owed is due to cash movements.
4