REGISTERED NUMBER: 00239143 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THEOSOPHY COMPANY,LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L L Gray

S A Levey

J A Muratore

Ms M L Webb

W F Windham

SECRETARY:

W F Windham

REGISTERED OFFICE:

62 Queens Gardens

London

W2 3AH

REGISTERED NUMBER:

00239143 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Tangible assets

4

6,901,406

6,901,875

Investments

5

120,095

133,428

7,021,501

7,035,303

CURRENT ASSETS

Debtors

6

7,060

8,233

Investments

7

600,000

600,000

Cash at bank

64,369

44,197

671,429

652,430

CREDITORS

Amounts falling due within one year

8

3,584

5,877

NET CURRENT ASSETS

667,845

646,553

TOTAL ASSETS LESS CURRENT LIABILITIES

7,689,346

7,681,856

CREDITORS

Amounts falling due after more than one year

9

(147,855

)

(158,187

)

PROVISIONS FOR LIABILITIES

(1,583,449

)

(1,274,166

)

NET ASSETS

5,958,042

6,249,503

RESERVES

Revaluation reserve

10

5,464,108

5,464,108

Income and expenditure account

493,934

785,395

5,958,042

6,249,503

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 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 surplus or deficit 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 16 September 2025 and were signed on its behalf by:

Ms M L Webb - Director

1.	STATUTORY INFORMATION

Theosophy Company,Limited is a private company, limited by guarantee , 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

4% straight line

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

6,900,000

30,973

6,930,973

DEPRECIATION

At 1 January 2024

-

29,098

29,098

Charge for year

-

469

469

At 31 December 2024

-

29,567

29,567

NET BOOK VALUE

At 31 December 2024

6,900,000

1,406

6,901,406

At 31 December 2023

6,900,000

1,875

6,901,875

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2015

5,838,274

-

5,838,274

Valuation in 2020

900,000

-

900,000

Cost

161,726

30,973

192,699

6,900,000

30,973

6,930,973

If Freehold and buildings had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

161,726

-

Aggregate depreciation

161,726

-

Value of land in freehold land and buildings

3,000,000

-

Freehold land and buildings were valued on an open market basis on 31 December 2024 by the councillors .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

133,428

Disposals

(13,333

)

At 31 December 2024

120,095

NET BOOK VALUE

At 31 December 2024

120,095

At 31 December 2023

133,428

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

7,060

8,233

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

National Savings Income Bonds

600,000

600,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

1

Taxation and social security

145

-

Other creditors

3,439

5,876

3,584

5,877

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Diane C.Myers Bequest

147,855

158,187

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

5,464,108