Company Registration No. 06668654 (England and Wales)
Thain Properties Limited
Unaudited accounts
for the year ended 31 December 2024
Thain Properties Limited
Unaudited accounts
Contents
Thain Properties Limited
Company Information
for the year ended 31 December 2024
Company Number
06668654 (England and Wales)
Registered Office
Unit 4B Lynx Business Park
Snailwell
Newmarket
Cambridgeshire
CB8 7NY
England
Thain Properties Limited
Statement of financial position
as at 31 December 2024
Tangible assets
27,980
34,975
Investment property
1,120,000
1,120,000
Cash at bank and in hand
37,641
12,042
Creditors: amounts falling due within one year
(8,030)
(14,595)
Net current assets/(liabilities)
31,098
(2,553)
Total assets less current liabilities
1,179,078
1,152,422
Creditors: amounts falling due after more than one year
(1,224,733)
(1,223,702)
Provisions for liabilities
Deferred tax
(13,043)
(8,458)
Net liabilities
(58,698)
(79,738)
Called up share capital
100
100
Fair value reserve
43,717
43,717
Profit and loss account
(102,515)
(123,555)
Shareholders' funds
(58,698)
(79,738)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2025 and were signed on its behalf by
Samuel Thain
Director
Company Registration No. 06668654
Thain Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Thain Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06668654. The registered office is Unit 4B Lynx Business Park, Snailwell, Newmarket, Cambridgeshire, CB8 7NY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts are prepared on the going concern basis. The company is significantly funded by the company director who confirms that he will continue to support the company for the next 12 months and beyond.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Thain Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
At 31 December 2024
43,718
At 31 December 2024
15,738
At 31 December 2024
27,980
At 31 December 2023
34,975
Fair value at 1 January 2024
1,120,000
At 31 December 2024
1,120,000
Investment property is carried in the accounts at fair value, based on the market value for comparable property determined annually by the company director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the property.
Changes in fair value are recognised in the profit and loss account and recorded in the fair value reserve.
Amounts falling due within one year
Accrued income and prepayments
1,487
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,130
12,795
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
753,283
751,755
Loans from directors
471,450
471,947
Thain Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Deferred taxation
2024
2023
Revaluation of investment property
13,043
8,458
Provision at start of year
8,458
8,458
Charged to the profit and loss account
4,585
-
Provision at end of year
13,043
8,458
Increase in deferred tax arising on fair value of investment property arises due to a change in the main rate of corporation tax to 25% from 19% (2023).
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).