Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 true true 2024-01-01 false The principal activity of the business is being investment property.2 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14446385 2024-01-01 2024-12-31 14446385 2022-10-27 2023-12-31 14446385 2024-12-31 14446385 2023-12-31 14446385 c:Director1 2024-01-01 2024-12-31 14446385 c:Director1 2024-12-31 14446385 c:Director2 2024-01-01 2024-12-31 14446385 c:Director2 2024-12-31 14446385 c:Director3 2024-01-01 2024-12-31 14446385 c:Director3 2024-12-31 14446385 c:RegisteredOffice 2024-01-01 2024-12-31 14446385 d:FreeholdInvestmentProperty 2024-12-31 14446385 d:FreeholdInvestmentProperty 2023-12-31 14446385 d:CurrentFinancialInstruments 2024-12-31 14446385 d:CurrentFinancialInstruments 2023-12-31 14446385 d:Non-currentFinancialInstruments 2024-12-31 14446385 d:Non-currentFinancialInstruments 2023-12-31 14446385 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14446385 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14446385 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 14446385 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14446385 d:ShareCapital 2024-12-31 14446385 d:ShareCapital 2023-12-31 14446385 d:RetainedEarningsAccumulatedLosses 2024-12-31 14446385 d:RetainedEarningsAccumulatedLosses 2023-12-31 14446385 c:OrdinaryShareClass1 2024-01-01 2024-12-31 14446385 c:OrdinaryShareClass1 2024-12-31 14446385 c:OrdinaryShareClass1 2023-12-31 14446385 c:FRS102 2024-01-01 2024-12-31 14446385 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14446385 c:FullAccounts 2024-01-01 2024-12-31 14446385 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14446385 4 2024-01-01 2024-12-31 14446385 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14446385 THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED) UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 DECEMBER 2024
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
COMPANY INFORMATION
Directors | C D Parker (appointed 13 June 2024)
| B S Virdi (resigned 13 June 2024)
| I Fisher (resigned 13 June 2024)
Registered number | 14446385
Registered office | C/O Brodies Llp
| 90 Bartholomew Close
| London
| EC1A 7BN
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
CONTENTS
| Page
Directors' responsibilities statement | 1
Balance sheet | 2 - 3
Notes to the financial statements | 4 - 7
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations. 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; 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 to 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. Page 1
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED) REGISTERED NUMBER:14446385
BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 150,000 |  | 150,000
|  |  | 150,000 |  | 150,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 53,563 |  | 68,564 |
Cash at bank and in hand |  | 76,237 |  | - |
|  | 129,800 |  | 68,564 |
Creditors: amounts falling due within one year | 7 | (41,746) |  | (20,849) |
Net current assets |  |  | 88,054 |  | 47,715
Total assets less current liabilities |  |  | 238,054 |  | 197,715
Creditors: amounts falling due after more than one year | 8 |  | (140,063) |  | (188,232)
Net assets |  |  | 97,991 |  | 9,483
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 1 |  | 1
Profit and loss account |  |  | 97,990 |  | 9,482
|  |  | 97,991 |  | 9,483
Page 2
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED) REGISTERED NUMBER:14446385
BALANCE SHEET (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 comprehensive income 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:
................................................ C D Parker
Director
Date: 20 June 2025
Page 3
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Thunderbird PropCo Limited (formerly RG Thunderbird PropCo Limited) (the `company`) is a company limited by shares and incorporated in England and Wales. The registered office address is C/O Brodies Llp, 90 Bartholomew Close, London, United Kingdom, EC1A 7BN. The principal activity of the business being investment property. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
| 2.2 | Going concern
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations for at least 12 months from the date of approval of these financial statements. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 revenue is recognised:
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | 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 balance sheet date in the countries where the company operates and generates income.
| 2.6 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence. Page 4
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Investment property
Investment property is carried at fair value determined annually by external valuers 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.
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 150,000
| At 31 December 2024 | 150,000
| In the previous period, the company's then directors conducted a revaluation of the freehold investment property after consulting with a firm of chartered surveyors. The director has reviewed the valuation of the freehold investment property at the year-end. After examining local property market conditions, the director is confident that the carrying value at the year-end is appropriate.
Page 5
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | - | 15,000
| Prepayments and accrued income | 53,563 | 53,564
|  | 53,563 | 68,564
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 76,237 | -
|  | 76,237 | -
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax | 29,783 | 8,886
| Accruals and deferred income | 11,963 | 11,963
|  | 41,746 | 20,849
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Director's loan | 140,063 | -
| Amounts owed to group undertakings | - | 188,232
|  | 140,063 | 188,232
| The director's loan is an interest free and unsecured loan that does not have defined repayment terms. It is intended that the outstanding loan balance will not be repaid within 12 months of the year end. Consequently, the director's loan has been categorised as an amount falling due after more than one year. Amounts owed to group undertakings were interest free and repayable on demand.
Page 6
THUNDERBIRD PROPCO LIMITED (FORMERLY RG THUNDERBIRD PROPCO LIMITED)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2023 - 1) Ordinary shares of £0.50 (2023 - £1.00) each | 1 | 1
| On 13 June 2024, the company formally divided it's one £1.00 Ordinary share into two £0.50 Ordinary shares. Total share capital remained unchanged as a result of the equity event.
10. | Controlling party
During the period and up to 13 June 2024, the ultimate controlling party was Grovepoint Thunderbird LLP, a limited liability partnership registered in England and Wales. Since 13 June 2024, the company has been under the control of the Parker family.
Page 7