Thomas Owens Limited 04131567 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is housing association real estate. Digita Accounts Production Advanced 6.30.9574.0 true 04131567 2024-04-01 2025-03-31 04131567 2025-03-31 04131567 core:RetainedEarningsAccumulatedLosses 2025-03-31 04131567 core:ShareCapital 2025-03-31 04131567 core:CurrentFinancialInstruments 2025-03-31 04131567 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04131567 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 04131567 core:FurnitureFittingsToolsEquipment 2025-03-31 04131567 bus:SmallEntities 2024-04-01 2025-03-31 04131567 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04131567 bus:FilletedAccounts 2024-04-01 2025-03-31 04131567 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04131567 bus:RegisteredOffice 2024-04-01 2025-03-31 04131567 bus:Director1 2024-04-01 2025-03-31 04131567 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04131567 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 04131567 countries:EnglandWales 2024-04-01 2025-03-31 04131567 2024-03-31 04131567 core:FurnitureFittingsToolsEquipment 2024-03-31 04131567 2023-04-01 2024-03-31 04131567 2024-03-31 04131567 core:RetainedEarningsAccumulatedLosses 2024-03-31 04131567 core:ShareCapital 2024-03-31 04131567 core:CurrentFinancialInstruments 2024-03-31 04131567 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04131567 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04131567 core:FurnitureFittingsToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 04131567

Thomas Owens Limited
Unaudited Financial Statements
for the Year Ended 31 March 2025

Thomas Owens Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Thomas Owens Limited

(Registration number: 04131567)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 146 | 195
Investment property | 5 | 281,187 | 716,687
|  | 281,333 | 716,882
Current assets |  |  |
Debtors | 6 | 2,712 | 908
Cash at bank and in hand |  | 236,944 | 15,996
|  | 239,656 | 16,904
Creditors: Amounts falling due within one year | 7 | (68,837) | (15,314)
Net current assets |  | 170,819 | 1,590
Total assets less current liabilities |  | 452,152 | 718,472
Creditors: Amounts falling due after more than one year | 7 | (125,945) | (313,114)
Provisions for liabilities |  | (19,000) | (51,395)
Net assets |  | 307,207 | 353,963
Capital and reserves |  |  |
Called up share capital |  | 4 | 2
Retained earnings |  | 307,203 | 353,961
Shareholders' funds |  | 307,207 | 353,963

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Thomas Owens Limited

(Registration number: 04131567)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... Mr J Thomas Director

Thomas Owens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chester House
Chestergate
Macclesfield
Cheshire
SK11 6DY
UK

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Thomas Owens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received in respect of rental income.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Thomas Owens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 27,424 | 27,424
At 31 March 2025 | 27,424 | 27,424
Depreciation
At 1 April 2024 | 27,229 | 27,229
Charge for the year | 49 | 49
At 31 March 2025 | 27,278 | 27,278
Carrying amount
At 31 March 2025 | 146 | 146
At 31 March 2024 | 195 | 195

Thomas Owens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Investment properties

| 2025 £
At 1 April | 716,687
Disposals | (455,500)
Fair value adjustments | 20,000
At 31 March | 281,187

6 | Debtors

| 2025 £ | 2024 £
Prepayments | 351 | 272
Other debtors | 2,361 | 636
| 2,712 | 908

Thomas Owens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

|  | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | - | 895
Taxation and social security |  | 23,136 | 12,799
Accruals and deferred income |  | 1,701 | 1,600
Other creditors |  | 44,000 | 20
|  | 68,837 | 15,314

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 895

Creditors: amounts falling due after more than one year

|  | 2025 £ | 2024 £
Due after one year |  |  |
Bank borrowings |  | 125,945 | 313,114

Lending facilities included within bank borrowings over one year are secured by the way of a charge over the fixed assets of the company and are guaranteed by the assets in which they relate.