Thurrock Investment Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01569750

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,231,798		3,269,064

			3,231,798		3,269,064
CURRENT ASSETS
Debtors	5	455,930		512,528
Cash at bank and in hand		43,875		39,817

		499,805		552,345
Creditors: Amounts Falling Due Within One Year	6	(95,271 )		(86,097 )

NET CURRENT ASSETS (LIABILITIES)			404,534		466,248

TOTAL ASSETS LESS CURRENT LIABILITIES			3,636,332		3,735,312

Creditors: Amounts Falling Due After More Than One Year	7		(2,137,984 )		(2,147,877 )

NET ASSETS			1,498,348		1,587,435

CAPITAL AND RESERVES
Called up share capital	9		2		2
Revaluation reserve	11		920,001		920,001
Profit and Loss Account			578,345		667,432

SHAREHOLDERS' FUNDS			1,498,348		1,587,435

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Thurrock Investment Properties Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 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 Jaipal Cheema

Director

30/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Thurrock Investment Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01569750 . The registered office is 14-18 Heralds Way, South Woodham Ferrers, Chelmsford, Essex, CM3 5TQ.

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. 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.

2.3. 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:

Freehold	1% over useful life
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Thurrock Investment Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2023	3,220,000	193,889	31,340	3,445,229

As at 30 September 2024	3,220,000	193,889	31,340	3,445,229

Depreciation
As at 1 October 2023	60,000	84,826	31,339	176,165
Provided during the period	10,000	27,266	-	37,266

As at 30 September 2024	70,000	112,092	31,339	213,431

Net Book Value
As at 30 September 2024	3,150,000	81,797	1	3,231,798

As at 1 October 2023	3,160,000	109,063	1	3,269,064

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	6,213	23,358
Prepayments and accrued income	-	1,776
Other debtors	31,900	31,900
Director's loan account	7,410	30,000

	45,523	87,034
Due after more than one year
Other debtors (1)	275,282	315,369
Amounts owed by knight Noise	125,000	100,000
Interest on participators loan	10,125	10,125

	410,407	425,494

	455,930	512,528

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Thurrock Investment Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	(1 )	557
Corporation tax	88,522	85,540
Other creditors	5,000	-
Accruals and deferred income	1,750	-

	95,271	86,097

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	105,284	115,177
Bank loans	2,032,700	2,032,700

	2,137,984	2,147,877

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	105,284	115,177

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Mr Jaipal Cheema	30,000	-	22,590	-	7,410

The above loan is unsecured, interest free and repayable on demand.

11. Reserves

	Revaluation Reserve
	£
As at 1 October 2023	920,001

As at 30 September 2024	920,001

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