Thompson Family Business (Tfb) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06724180 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Thompson Family Business (Tfb) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTOR:

D J Thompson

REGISTERED OFFICE:

Pippins Cherry Drive

Forty Green

Beaconsfield

HP9 1XP

REGISTERED NUMBER:

06724180 (England and Wales)

ACCOUNTANTS:

Friends.Tax LLP

Pippins

Cherry Drive

Forty Green

Beaconsfield

Buckinghamshire

HP9 1XP

FIXED ASSETS

Tangible assets

4

3,400

653,105

Investments

5

2

1

Investment property

6

403,255

497,768

406,657

1,150,874

CURRENT ASSETS

Debtors

7

1,403,936

695,531

Cash at bank

60,471

31,363

1,464,407

726,894

CREDITORS

Amounts falling due within one
year

8

235,726

78,405

NET CURRENT ASSETS

1,228,681

648,489

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,635,338

1,799,363

CAPITAL AND RESERVES

Called up share capital

9

1,550,000

Retained earnings

85,338

249,363

SHAREHOLDERS' FUNDS

1,635,338

1,799,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

D J Thompson - Director

1.	STATUTORY INFORMATION

Thompson Family Business (Tfb) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover, which excludes value added tax, represents rental income accounted for on an accruals basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is carried at cost. The Director has considered the value at the balance sheet date and is satisfied there is no material change in the value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

647,992

23,690

671,682

Disposals

(647,992

)

-

(647,992

)

At 31 December 2024

-

23,690

DEPRECIATION

At 1 January 2024

-

18,577

Charge for year

-

1,713

At 31 December 2024

-

20,290

NET BOOK VALUE

At 31 December 2024

-

3,400

At 31 December 2023

647,992

5,113

653,105

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

1

Additions

1

At 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

497,768

Disposals

(94,513

)

At 31 December 2024

403,255

NET BOOK VALUE

At 31 December 2024

403,255

At 31 December 2023

497,768

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.12.24

31.12.23

£

Trade debtors

322

-

Amounts owed by group undertakings

830,712

176,332

Other debtors

572,902

519,199

1,403,936

695,531

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Taxation and social security

174,615

5,016

Other creditors

61,111

73,389

235,726

78,405

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1,550,000

Ordinary

£1

1,550,000

10.	RELATED PARTY DISCLOSURES

The Director of the Company is Mr D Thompson. Mr Thompson is also a shareholder/director of Fairview Developments Limited. At the balance sheet date, The Company had an outstanding loan due from Fairview Developments amounting to £54,819 (2023: £38,416).

The Company received consultancy services from Fairview Developments (TFB) Ltd in the year of £5,000 (2023 £5,000).

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.