| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 25 March 2025 |
| for |
| THAMES LAND LIMITED |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 25 March 2025 |
| for |
| THAMES LAND LIMITED |
| THAMES LAND LIMITED (REGISTERED NUMBER: 01848934) |
| Contents of the Financial Statements |
| for the year ended 25 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| THAMES LAND LIMITED |
| Company Information |
| for the year ended 25 March 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor |
| Chartered Accountants |
| 9 Worton Park |
| Cassington |
| Witney |
| Oxfordshire |
| OX29 4SX |
| THAMES LAND LIMITED (REGISTERED NUMBER: 01848934) |
| Balance Sheet |
| 25 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 | ( |
) | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the director and authorised for issue on |
| THAMES LAND LIMITED (REGISTERED NUMBER: 01848934) |
| Notes to the Financial Statements |
| for the year ended 25 March 2025 |
| 1. | STATUTORY INFORMATION |
| Thames Land Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis as, in the opinion of the directors, the company has adequate facilities available to meet its debts as and when they become payable. |
| Related party exemption |
| 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. |
| Turnover |
| The turnover shown in the profit and loss account represents rents and service charges receivable during the year. |
| Investments in subsidiaries |
| Investments in subsidiaries are recognised at cost less impairment. |
| 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. |
| The aggregate unrealised gain or loss is transferred from retained earnings to fair value reserve, net of deferred tax. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| THAMES LAND LIMITED (REGISTERED NUMBER: 01848934) |
| Notes to the Financial Statements - continued |
| for the year ended 25 March 2025 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 26 March 2024 |
| and 25 March 2025 |
| NET BOOK VALUE |
| At 25 March 2025 |
| At 25 March 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 26 March 2024 |
| and 25 March 2025 |
| NET BOOK VALUE |
| At 25 March 2025 |
| At 25 March 2024 |
| Fair value at 25 March 2025 is represented by: |
| £ |
| Valuation in 2007 | (98,367 | ) |
| Valuation in 2008 | 7,349,892 |
| Valuation in 2009 | 1,816,628 |
| Valuation in 2011 | (8,126,663 | ) |
| Valuation in 2013 | (772,682 | ) |
| Valuation in 2014 | (1,874,990 | ) |
| Valuation in 2015 | 1,837,511 |
| Valuation in 2019 | (5,000,000 | ) |
| Valuation in 2023 | (3,684,052 | ) |
| Cost | 37,862,723 |
| 29,310,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 37,862,723 | 37,862,723 |
| Investment property was valued on an open market basis on 17 June 2022 by Crump Winter (Chartered Surveyors) . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| THAMES LAND LIMITED (REGISTERED NUMBER: 01848934) |
| Notes to the Financial Statements - continued |
| for the year ended 25 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors | ( |
) | ( |
) |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to group undertakings |
| Amounts owed to group companies is shown in creditors due after more than one year £16,355,288 (2024 £17,549,554) |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 90,000 | 90,000 |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 26 March 2024 |
| and 25 March 2025 | ( |
) |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | RELATED PARTY DISCLOSURES |
| The company has an interest free loan from a related party. The amount outstanding at the year end was £716,512 (2024 £416.512). The loan is repayable on demand and shown within amounts falling due within one year. |
| 13. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |