REGISTERED NUMBER: 01558281 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THEAKSTON ESTATES LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

124,480

143,197

Investments

5

207

207

Investment property

6

14,425,000

15,625,000

14,549,687

15,768,404

CURRENT ASSETS

Stocks

10,125,830

10,087,311

Debtors

27,248,910

19,084,494

Cash at bank

11,608,973

16,503,852

48,983,713

45,675,657

CREDITORS

Amounts falling due within one year

50,095,182

48,018,099

NET CURRENT LIABILITIES

(1,111,469

)

(2,342,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,438,218

13,425,962

PROVISIONS FOR LIABILITIES

31,120

35,799

NET ASSETS

13,407,098

13,390,163

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Fair value reserve

2,970,638

3,145,351

Retained earnings

10,386,460

10,194,812

SHAREHOLDERS' FUNDS

13,407,098

13,390,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2025 and were signed on its behalf by:

Mr I J Waller - Director

Mr M T Corney - Director

1.	STATUTORY INFORMATION

Theakston Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01558281

Registered office:

Southlands

The Avenue

Eaglescliffe

Stockton-on-Tees

TS16 9AS

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Theakston Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rent due in the accounting period as adjusted for amounts received in advance and the amounts, excluding Value Added Tax, derived from the sale of land.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures, fittings & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

249,372

Additions

6,770

At 31 January 2025

256,142

DEPRECIATION

At 1 February 2024

106,175

Charge for year

25,487

At 31 January 2025

131,662

NET BOOK VALUE

At 31 January 2025

124,480

At 31 January 2024

143,197

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2024

and 31 January 2025

207

NET BOOK VALUE

At 31 January 2025

207

At 31 January 2024

207

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

15,625,000

Disposals

(750,000

)

Revaluations

(450,000

)

At 31 January 2025

14,425,000

NET BOOK VALUE

At 31 January 2025

14,425,000

At 31 January 2024

15,625,000

In the opinion of the directors, this is a reasonable estimation of market value at 31st January 2025.

Fair value at 31 January 2025 is represented by:

£

Valuation in 2014

1,796,080

Valuation in 2015

892,161

Valuation in 2016

1,739,713

Valuation in 2017

1,936,015

Valuation in 2018

(429,780

)

Valuation in 2019

(2,516,045

)

Valuation in 2020

(557,148

)

Valuation in 2021

(411,844

)

Valuation in 2022

(340,000

)

Valuation in 2025

(450,000

)

Cost

12,765,848

14,425,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

7,954,500

8,336,000

8.	RELATED PARTY DISCLOSURES

At 31 January 2025 £11,268,303 (2024: £8,154,385) was owed from businesses in which this company has a participating interest. Also, £9,733,799 (2024: £10,494,289) was owed to owners having a participating interest in the company.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	POST BALANCE SHEET EVENTS

Dividends totalling £150,000 have been paid since the year end.