Second Thames Land Limited
Unaudited Financial Statements
For the year ended 31 January 2025
Pages for Filing with Registrar
Company Registration No. 00382150 (England and Wales)
Second Thames Land Limited
Company Information
Directors
Mr C. Toye
Mr K. J. Weatherill
Company number
00382150
Registered office
Alexandra House
Waterfront
Lakeside
Thurrock
Essex
RM20 1WL
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Second Thames Land Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Second Thames Land Limited
Balance Sheet
As at 31 January 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,840,262
6,840,262
Current assets
Debtors
5
85,108
338,051
Cash at bank and in hand
2,420,868
1,836,162
2,505,976
2,174,213
Creditors: amounts falling due within one year
6
(1,092,302)
(1,004,303)
Net current assets
1,413,674
1,169,910
Total assets less current liabilities
8,253,936
8,010,172
Provisions for liabilities
7
(854,706)
(854,706)
Net assets
7,399,230
7,155,466
Capital and reserves
Called up share capital
8
10,000
10,000
Revaluation reserve
3,768,683
3,768,683
Profit and loss reserves
3,620,547
3,376,783
Total equity
7,399,230
7,155,466
Second Thames Land Limited
Balance Sheet (Continued)
As at 31 January 2025
Page 2

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
Mr K. J. Weatherill
Director
Company Registration No. 00382150
Second Thames Land Limited
Statement of Changes in Equity
For the year ended 31 January 2025
Page 3
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 February 2023
10,000
3,768,683
3,219,198
6,997,881
Year ended 31 January 2024:
Profit and total comprehensive income for the year
-
-
407,585
407,585
Dividends
-
-
(250,000)
(250,000)
Balance at 31 January 2024
10,000
3,768,683
3,376,783
7,155,466
Year ended 31 January 2025:
Profit and total comprehensive income for the year
-
-
543,764
543,764
Dividends
-
-
(300,000)
(300,000)
Balance at 31 January 2025
10,000
3,768,683
3,620,547
7,399,230
Second Thames Land Limited
Notes to the Financial Statements
For the year ended 31 January 2025
Page 4
1
Accounting policies
Company information

Second Thames Land Limited is a private company limited by shares incorporated in England and Wales. The registered office is Alexandra House, Waterfront, Lakeside, Thurrock, Essex, RM20 1WL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain freehold properties at deemed cost on transition to FRS 102, such properties having been revalued under previous accounting standards. The principle accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the fair value of the consideration received for rental and other services applicable to the year under review from the company's properties in the United Kingdom.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of any impairment losses.

Freehold land and buildings are measured at fair value at the reporting end date. Any surplus or deficit on revaluation is credited or charged to profit and loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Second Thames Land Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2025
1
Accounting policies
(Continued)
Page 5
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (202 4: 0).

3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
181,138
126,034
Second Thames Land Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2025
Page 6
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 and 31 January 2025
6,840,262
Depreciation and impairment
At 1 February 2024 and 31 January 2025
-
0
Carrying amount
At 31 January 2025
6,840,262
At 31 January 2024
6,840,262

The historical cost of the above assets is £2,861,841 (202 4: £2,861,841).

Land and buildings held on 14 April 2009 were valued in accordance with RICS valuation standards by Altus Edwin Hill, an independent chartered surveyor, in the amount of £4,165,000. On transition to FRS102, this valuation was considered to be the deemed cost of these properties.

At each reporting date the directors consider the valuation of the company's land and buildings in order to determine if any significant impairment has occurred.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
60,510
314,029
Prepayments and accrued income
24,598
24,022
85,108
338,051
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
764,281
693,495
Corporation tax
181,138
126,034
Other taxation and social security
798
798
Other creditors
22,092
52,823
Accruals and deferred income
123,993
131,153
1,092,302
1,004,303
Second Thames Land Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2025
Page 7
7
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Land and buildings
854,706
854,706
There were no deferred tax movements in the year.
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
10,000 ordinary shares of £1 each
10,000
10,000
10,000
10,000
9
Related party transactions

A management charge of £120,000 (2024: £120,000) was paid to the parent company, Lakeside Property Development Co. Ltd, during the year, together with a rent charge of £25,000 (2024: £25,000). At the balance sheet date an amount of £76 4,281 (2024: £693,495) was owed to the parent company and is included in creditors.

Included in other creditors is £126 (2024: £nil) owed to the director, Mr K. Weatherill.

During the year debts of £1,502 (202 4: £1,983) have been fully provided for in respect of amounts due from Softbond Limited a company connected through common control, as there is sufficient doubt as to the recoverability of these debts.

10
Control

The immediate and ultimate parent company is Lakeside Property Development Co. L td, a company incorporated in England & Wales. No group accounts are prepared by the parent company as the group qualifies as a small group.

The Executors of the Estate of Mr. R. Pledger and Michael Sinclair and Moore Kingston Smith Trust Corporation Limited are considered to be the ultimate controlling party by virtue of their respective 50% shareholding s in the parent company.

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