Thames Contemporary Homes (Oval) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02069607 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

THAMES CONTEMPORARY HOMES (OVAL) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

V Khanna

A E Khanna

K Khanna

N N Khanna

SECRETARY:

K Jeyavarathan

REGISTERED OFFICE:

North Farm Industrial Estate

Longfield Road

Tunbridge Wells

Kent

TN2 3EY

REGISTERED NUMBER:

02069607 (England and Wales)

SENIOR STATUTORY AUDITOR:

Alasdair Weaks

AUDITORS:

TC Group

Statutory Auditor

Office: Croydon - TC SWP

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

CURRENT ASSETS

Debtors

4

4,749

29,848

Cash at bank

60,199

7,117

64,948

36,965

CREDITORS

Amounts falling due within one year

5

29,784

28,797

NET CURRENT ASSETS

35,164

8,168

TOTAL ASSETS LESS CURRENT LIABILITIES

35,164

8,168

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

35,064

8,068

SHAREHOLDERS' FUNDS

35,164

8,168

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

K Khanna - Director

1.	STATUTORY INFORMATION

The company 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.

The financial statements have been prepared in pounds sterling, the functional currency of the company, and monetary amounts in these financial statements have been rounded to the nearest £.

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.

Turnover comprises ground rent and other rent receivable and is recognised when due. Any amounts received in advance or arrears are included in deferred or accrued income as applicable.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

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 statement of financial position date.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Finance and borrowing costs

Finance costs are charged to the income statement over the term of the debt using the effective interest method, so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

All borrowing costs are recognised in the income statement in the year in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

3,786

3,060

Amounts owed by group undertakings

-

25,000

Prepayments and accrued income

963

1,788

4,749

29,848

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

2,722

275

Tax

1,188

2,144

Other creditors

24,434

25,078

Accruals and deferred income

1,440

1,300

29,784

28,797

6.	AUDITORS' INFORMATION

The audit report provided to the members of Thames Contemporary Homes (Oval) Limited on the financial statements for the year ended 31st December 2024 was not qualified.

The audit report was signed by Alasdair Weaks (Senior Statutory Auditor) for and on behalf of TC Group, Statutory Auditor.

7.	RELATED PARTY DISCLOSURES

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 33 paragraph 33.1A, as the company is itself a wholly owned subsidiary of Thames Motor Group Limited.

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Thames Motor Group Limited, a company registered in England and Wales.

The ultimate controlling party is Mr V Khanna, a director.

Thames Motor Group Limited prepares consolidated financial statements and copies can be obtained from its registered office address, North Farm Industrial Estate, Longfield Road, Tunbridge Wells, Kent, TN2 3EY.