Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07549226 2024-04-01 2025-03-31 07549226 2023-04-01 2024-03-31 07549226 2025-03-31 07549226 2024-03-31 07549226 c:Director1 2024-04-01 2025-03-31 07549226 d:FreeholdInvestmentProperty 2025-03-31 07549226 d:FreeholdInvestmentProperty 2024-03-31 07549226 d:CurrentFinancialInstruments 2025-03-31 07549226 d:CurrentFinancialInstruments 2024-03-31 07549226 d:Non-currentFinancialInstruments 2025-03-31 07549226 d:Non-currentFinancialInstruments 2024-03-31 07549226 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07549226 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07549226 d:ShareCapital 2025-03-31 07549226 d:ShareCapital 2024-03-31 07549226 d:RetainedEarningsAccumulatedLosses 2025-03-31 07549226 d:RetainedEarningsAccumulatedLosses 2024-03-31 07549226 c:FRS102 2024-04-01 2025-03-31 07549226 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07549226 c:FullAccounts 2024-04-01 2025-03-31 07549226 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07549226 2 2024-04-01 2025-03-31 07549226 6 2024-04-01 2025-03-31 07549226 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 07549226










THRUMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
THRUMS LIMITED
REGISTERED NUMBER: 07549226

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
16,220
12,500

Investment property
 5 
93,750
93,750

  
109,970
106,250

Current assets
  

Debtors: amounts falling due after more than one year
 6 
259,585
244,435

Debtors: amounts falling due within one year
 6 
1,341
12,756

Cash at bank and in hand
  
153,106
118,561

  
414,032
375,752

Creditors: amounts falling due within one year
 7 
(4,264)
(3,678)

Net current assets
  
 
 
409,768
 
 
372,074

Total assets less current liabilities
  
519,738
478,324

  

Net assets
  
519,738
478,324


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
519,638
478,224

  
519,738
478,324


Page 1

 
THRUMS LIMITED
REGISTERED NUMBER: 07549226
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The director considers 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 director acknowledges her 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 income statement 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 by: 




Mrs E C Talbot
Director

Date: 14 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THRUMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Thrums Limited is a company limited by shares incorporated in England and Wales, registration number 07549226. The address of the registered office is Faiers House, Gilray Road, Diss, United Kingdom, IP22 4WR.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting polices applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THRUMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Taxation

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.


 
2.5

Investment property

Investment property is carried at fair value determined annually by the director 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 profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4

 
THRUMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2024
12,500


Additions
3,720



At 31 March 2025
16,220





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
93,750



At 31 March 2025
93,750

The 2025 valuations were made by the director, on an open market value for existing use basis.







Page 5

 
THRUMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£

Due after more than one year

Due from participating interests
125,522
110,372

Other debtors
134,063
134,063

259,585
244,435


2025
2024
£
£

Due within one year

Other debtors
-
11,415

Prepayments and accrued income
1,341
1,341

1,341
12,756



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
142
115

Corporation tax
2,482
2,219

Other creditors
224
-

Accruals and deferred income
1,416
1,344

4,264
3,678



8.


Contingent liabilities

There is an outstanding charge over the freehold property at 10 Market Hill, Diss, Norfolk, IP22 4WJ.

 
Page 6