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Registered number: 13350197
The Thin White Duke Limited
Unaudited Financial Statements
For The Year Ended 20 April 2025
dines Accountancy Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of The Thin White Duke Limited For The Year Ended 20 April 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Thin White Duke Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of The Thin White Duke Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Thin White Duke Limited and state those matters that we have agreed to state to the director of The Thin White Duke Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Thin White Duke Limited and its director as a body for our work or for this report.
It is your duty to ensure that The Thin White Duke Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Thin White Duke Limited . You consider that The Thin White Duke Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Thin White Duke Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Robert Fiford FCCA
02/09/2025
dines Accountancy Limited
ACCA
Edinburgh House
170 Kennington Lane
London
SE11 5DP
Page 1
Page 2
Balance Sheet
Registered number: 13350197
20 April 2025 21 April 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 291,790 336,520
Investments 5 1 1
291,791 336,521
CURRENT ASSETS
Stocks 6 3,609 3,606
Debtors 7 201,827 188,156
Cash at bank and in hand 4,497 12,155
209,933 203,917
Creditors: Amounts Falling Due Within One Year 8 (122,028 ) (182,521 )
NET CURRENT ASSETS (LIABILITIES) 87,905 21,396
TOTAL ASSETS LESS CURRENT LIABILITIES 379,696 357,917
Creditors: Amounts Falling Due After More Than One Year 9 (24,363 ) (17,363 )
NET ASSETS 355,333 340,554
CAPITAL AND RESERVES
Called up share capital 10 150 150
Share premium account 699,955 699,955
Profit and Loss Account (344,772 ) (359,551 )
SHAREHOLDERS' FUNDS 355,333 340,554
Page 2
Page 3
For the year ending 20 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Almonte
Director
02/09/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Thin White Duke Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13350197 . The registered office is Flat K, 59 Warwick Square, London, SW1V 2AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The Directors and investors have given assurance of continued support and the accounts have therefore been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the period of the lease
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 7)
5 7
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Page 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 22 April 2024 356,929 44,962 28,545 7,533 437,969
Additions - - 1,111 226 1,337
As at 20 April 2025 356,929 44,962 29,656 7,759 439,306
Depreciation
As at 22 April 2024 77,064 12,931 7,326 4,128 101,449
Provided during the period 35,595 4,792 3,309 2,371 46,067
As at 20 April 2025 112,659 17,723 10,635 6,499 147,516
Net Book Value
As at 20 April 2025 244,270 27,239 19,021 1,260 291,790
As at 22 April 2024 279,865 32,031 21,219 3,405 336,520
5. Investments
Subsidiaries
£
Cost
As at 22 April 2024 1
As at 20 April 2025 1
Provision
As at 22 April 2024 -
As at 20 April 2025 -
Net Book Value
As at 20 April 2025 1
As at 22 April 2024 1
6. Stocks
20 April 2025 21 April 2024
£ £
Stock 3,609 3,606
Page 5
Page 6
7. Debtors
20 April 2025 21 April 2024
£ £
Due within one year
Prepayments and accrued income 15,652 12,068
Other debtors 27,865 23,598
Amounts owed by subsidiaries 158,310 152,490
201,827 188,156
8. Creditors: Amounts Falling Due Within One Year
20 April 2025 21 April 2024
£ £
Trade creditors 14,412 12,617
Other taxes and social security 20,576 39,121
VAT 48,259 57,061
Other creditors 11,315 10,918
Accruals and deferred income 5,354 6,400
Director's loan account 22,112 56,404
122,028 182,521
9. Creditors: Amounts Falling Due After More Than One Year
20 April 2025 21 April 2024
£ £
Other loans 24,363 17,363
10. Share Capital
20 April 2025 21 April 2024
£ £
Allotted, Called up and fully paid 150 150
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
20 April 2025 21 April 2024
£ £
Not later than one year - 30,000
- 30,000
Page 6