REGISTERED NUMBER: 10367984 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

THORNEBRIDGE HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

S L Bridges

D W Thomas

REGISTERED OFFICE:

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

REGISTERED NUMBER:

10367984 (England and Wales)

ACCOUNTANTS:

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

FIXED ASSETS

Tangible assets

4

150,805

5,376

CURRENT ASSETS

Stocks

1,291,391

1,227,323

Debtors

5

84,140

2,708

Cash at bank

131

4,673

1,375,662

1,234,704

CREDITORS

Amounts falling due within one year

6

153,989

84,478

NET CURRENT ASSETS

1,221,673

1,150,226

TOTAL ASSETS LESS CURRENT LIABILITIES

1,372,478

1,155,602

CREDITORS

Amounts falling due after more than one year

7

1,243,080

981,936

NET ASSETS

129,398

173,666

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

129,298

173,566

129,398

173,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

D W Thomas - Director

S L Bridges - Director

1.	STATUTORY INFORMATION

Thornebridge Homes Ltd 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2023

8,400

Additions

145,429

At 30 December 2024

153,829

DEPRECIATION

At 31 December 2023

and 30 December 2024

3,024

NET BOOK VALUE

At 30 December 2024

150,805

At 30 December 2023

5,376

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/12/24

30/12/23

£

£

Other debtors

84,140

2,708

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/12/24

30/12/23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

17,482

-

Trade creditors

1,958

3,007

Taxation and social security

(22

)

784

Other creditors

124,571

70,687

153,989

84,478

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/12/24

30/12/23

£

£

Bank loans

1,125,093

981,936

Hire purchase contracts

117,987

-

1,243,080

981,936

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 December 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

24 September 2025