THADEUS LONDON LIMITED


Directors	DA CUNHA SANTOS, Filipe Joao Pyrrait
	DE SOUSA MARQUES, Oscar Cardoso
	DE STACPOOLE, Harry Thadeus Luke


Registered Address	64 Great Eastern Street
	London
	EC2A 3QR


Registered Number	09023845 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		7,403		-
Tangible assets	4		30,381		21,265
			37,784		21,265
Current assets
Stocks	5	340,144		441,931
Debtors	6,7	407,149		341,633
Cash at bank and on hand		246,102		135,466
		993,395		919,030
Creditors amounts falling due within one year	8	(573,148)		(531,790)
Net current assets (liabilities)			420,247		387,240
Total assets less current liabilities			458,031		408,505
Creditors amounts falling due after one year	9		(862,979)		(746,946)
Net assets			(404,948)		(338,441)
Capital and reserves
Called up share capital			136		136
Share premium			149,966		149,966
Profit and loss account			(555,050)		(488,543)
Shareholders' funds			(404,948)		(338,441)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 5 June 2025, and are signed on its behalf by:

DE STACPOOLE, Harry Thadeus Luke
Director
Registered Company No. 09023845

THADEUS LONDON LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	12		12

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	8,400	8,400
At 31 December 24	8,400	8,400
Amortisation and impairment
Charge for year	997	997
At 31 December 24	997	997
Net book value
At 31 December 24	7,403	7,403
At 31 December 23	-	-

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	31,095	31,095
Additions	16,045	16,045
At 31 December 24	47,140	47,140
Depreciation and impairment
At 01 January 24	9,830	9,830
Charge for year	6,929	6,929
At 31 December 24	16,759	16,759
Net book value
At 31 December 24	30,381	30,381
At 31 December 23	21,265	21,265

5.	Stocks

	2024	2023
	£	£
Other stocks	340,144	441,931
Total	340,144	441,931

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	362,339	164,592
Amounts owed by associates and joint ventures / participating interests	-	3,993
Other debtors	27,440	153,743
Prepayments and accrued income	9,421	19,305
Total	399,200	341,633


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at
transaction price including any transaction costs and subsequently measured at amortised cost
determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Debtors: amounts due after one year

	2024	2023
	£	£
Amounts owed by group undertakings	7,949	-
Total	7,949	-

8.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	60,689	162,049
Bank borrowings and overdrafts	79,167	129,167
Amounts owed to related parties	1,323	-
Taxation and social security	178,445	59,922
Other creditors	61,707	130,354
Accrued liabilities and deferred income	191,817	50,298
Total	573,148	531,790


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	862,979	746,946
Total	862,979	746,946

10.	Related party transactions
	As at the year end date, the company was owed £1,323 to the Directors.