Thinc Property Limited

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

Registered number: 13630807

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		985,555		991,335

			985,555		991,335
CURRENT ASSETS
Cash at bank and in hand		16,614		12,507

		16,614		12,507
Creditors: Amounts Falling Due Within One Year	6	(857,184 )		(853,318 )

NET CURRENT ASSETS (LIABILITIES)			(840,570 )		(840,811 )

TOTAL ASSETS LESS CURRENT LIABILITIES			144,985		150,524

Creditors: Amounts Falling Due After More Than One Year	7		(229,963 )		(229,963 )

NET LIABILITIES			(84,978 )		(79,439 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(85,078 )		(79,539 )

SHAREHOLDERS' FUNDS			(84,978)		(79,439)

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Tom Mannion

Director

25/07/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Thinc Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13630807 . The registered office is 27 Geffers Ride, Ascot, Berkshire, England, SL5 7JY.

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.

Presentation Currency

The accounts are presented in £ sterling

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.

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	Nil
Fixtures & Fittings	20% RB

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 October 2023	950,304	53,216	1,003,520
Additions	-	2,869	2,869

As at 30 September 2024	950,304	56,085	1,006,389

Depreciation
As at 1 October 2023	-	12,185	12,185
Provided during the period	-	8,649	8,649

As at 30 September 2024	-	20,834	20,834

Net Book Value
As at 30 September 2024	950,304	35,251	985,555

As at 1 October 2023	950,304	41,031	991,335

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Thinc Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	2024	2023
	£	£
Due within one year

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	600	1,198
Directors' loan accounts	856,584	852,120

	857,184	853,318

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

	2024	2023
	£	£
Bank loans	229,963	229,963

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
50 Ordinary Shares of £ 2.00 each	100	100

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