REGISTERED NUMBER: 06458143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Thirdperson Words Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Smith

SECRETARY:

Mrs L J Butterworth

REGISTERED OFFICE:

Building 4, North London Business Park

Oakleigh Road South

London

N11 1GN

REGISTERED NUMBER:

06458143 (England and Wales)

ACCOUNTANTS:

AFE Accountants Limited

North London Business Park

Oakleigh Road South

New Southgate

London

N11 1GN

FIXED ASSETS

Tangible assets

4

1,952

460

Investments

5

41,320

90,637

43,272

91,097

CURRENT ASSETS

Debtors

6

130,895

85,653

Cash at bank

27,218

57,569

158,113

143,222

CREDITORS

Amounts falling due within one year

7

24,186

43,891

NET CURRENT ASSETS

133,927

99,331

TOTAL ASSETS LESS CURRENT LIABILITIES

177,199

190,428

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

5,375

(6,286

)

Retained earnings

171,724

196,614

177,199

190,428

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 16 September 2025 and were signed by:

S J Smith - Director

1.	STATUTORY INFORMATION

Thirdperson Words 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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

3,102

Additions

2,166

At 31 December 2024

5,268

DEPRECIATION

At 1 January 2024

2,642

Charge for year

674

At 31 December 2024

3,316

NET BOOK VALUE

At 31 December 2024

1,952

At 31 December 2023

460

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

90,637

Disposals

(63,713

)

Revaluations

14,396

At 31 December 2024

41,320

NET BOOK VALUE

At 31 December 2024

41,320

At 31 December 2023

90,637

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2022

83,576

Valuation in 2023

7,061

Valuation in 2024

(49,317

)

41,320

Fixed asset investments were valued on an open market basis on 31 December 2024 by IPS Capital .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

75,999

42,554

Other debtors

54,896

43,099

130,895

85,653

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1

-

Taxation and social security

22,885

42,591

Other creditors

1,300

1,300

24,186

43,891

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

(6,286

)

Revaluation Reserve

11,661

At 31 December 2024

5,375

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S J Smith

Balance outstanding at start of year

42,328

33,884

Amounts advanced

68,497

66,294

Amounts repaid

(56,700

)

(57,850

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

54,125

42,328

During the year dividends of £43,000 declared in the accounts. The company charged interest of £1,191 at official HMRC rate.