REGISTERED NUMBER: 09383933 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Thorp Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J C Thipthorp

J T Thipthorp

SECRETARY:

REGISTERED OFFICE:

9

Trevilson Close

Newquay

Cornwall

TR8 5NX

REGISTERED NUMBER:

09383933 (England and Wales)

ACCOUNTANTS:

JBH Accountants

6 Gills Avenue

Canvey Island

Essex

SS8 7RG

FIXED ASSETS

Tangible assets

4

87,206

28,777

CURRENT ASSETS

Stocks

-

5,500

Debtors

5

107,389

70,472

Cash at bank and in hand

47,083

3,974

154,472

79,946

CREDITORS

Amounts falling due within one year

6

80,170

66,976

NET CURRENT ASSETS

74,302

12,970

TOTAL ASSETS LESS CURRENT LIABILITIES

161,508

41,747

CREDITORS

Amounts falling due after more than one year

7

91,582

40,076

NET ASSETS

69,926

1,671

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

69,924

1,669

SHAREHOLDERS' FUNDS

69,926

1,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

J T Thipthorp - Director

1.	STATUTORY INFORMATION

Thorp Developments Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

43,736

Additions

80,229

At 31 January 2025

123,965

DEPRECIATION

At 1 February 2024

14,959

Charge for year

21,800

At 31 January 2025

36,759

NET BOOK VALUE

At 31 January 2025

87,206

At 31 January 2024

28,777

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

5,749

DEPRECIATION

At 1 February 2024

4,755

Charge for year

198

At 31 January 2025

4,953

NET BOOK VALUE

At 31 January 2025

796

At 31 January 2024

994

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

107,389

70,472

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

35,566

39,996

Taxation and social security

44,604

26,959

Other creditors

-

21

80,170

66,976

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

91,582

40,076