REGISTERED NUMBER: 02475952 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Thurcroft Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A R Merrill

A I King

SECRETARY:

Mrs A R Merrill

REGISTERED OFFICE:

Hollygate Industrial Park

Cotgrave

Nottingham

Nottinghamshire

NG12 3JW

REGISTERED NUMBER:

02475952 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Investments

4

33,875

33,875

Investment property

5

783,693

783,693

817,568

817,568

CURRENT ASSETS

Debtors

6

156,915

243,759

Cash at bank

32,145

12,155

189,060

255,914

CREDITORS

Amounts falling due within one year

7

(37,350

)

(38,421

)

NET CURRENT ASSETS

151,710

217,493

TOTAL ASSETS LESS CURRENT LIABILITIES

969,278

1,035,061

CREDITORS

Amounts falling due after more than one year

8

(53,429

)

(119,362

)

NET ASSETS

915,849

915,699

CAPITAL AND RESERVES

Called up share capital

10

600

600

Share premium

218,414

218,414

Retained earnings

696,835

696,685

SHAREHOLDERS' FUNDS

915,849

915,699

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

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

A I King - Director

1.	STATUTORY INFORMATION

Thurcroft Holdings Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about Thurcroft Holdings 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The fair value is ascertained by consideration of market evidence for similar properties in the same location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2024

and 31 May 2025

33,875

NET BOOK VALUE

At 31 May 2025

33,875

At 31 May 2024

33,875

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Poly Advisory Services Limited

Registered office: Hollygate Industrial Park, Hollygate Lane, Cotgrave, Nottingham, Nottinghamshire, NG12 3JW

Nature of business: Holding company

%

Class of shares:

holding

Ordinary A

100.00

Poly Advisory Limited

Registered office: Hollygate Industrial Park, Hollygate Lane, Cotgrave, Nottingham, Nottinghamshire, NG12 3JW

Nature of business: Glass fibre industry

%

Class of shares:

holding

Ordinary A

100.00

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

783,693

NET BOOK VALUE

At 31 May 2025

783,693

At 31 May 2024

783,693

The investment property was valued on a fair value basis on 31 May 2025 by the director.

6.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Trade debtors

6,023

5,223

Other debtors

150,892

233,856

156,915

239,079

Amounts falling due after more than one year:

Other debtors

-

4,680

Aggregate amounts

156,915

243,759

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

21,012

27,867

Trade creditors

1,365

212

Taxation and social security

14,746

10,192

Other creditors

227

150

37,350

38,421

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

53,429

119,362

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

74,441

147,229

The company's bank borrowings are secured by a first legal charge over the company's land and buildings and a fixed and floating charge over the company's assets.

The amounts payable under hire purchase contracts are secured on the assets to which they concern.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

600

Ordinary

£1

600

600

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

Mrs A R Merrill

Balance outstanding at start of year

82,891

(1,563

)

Amounts advanced

12,650

95,865

Amounts repaid

(95,541

)

(11,411

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

82,891