Thatch Investments Limited

(Registration number: 11620384)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Fixed asset investments	4	-	5,090,163
Current assets
Debtors	5	811	14,857
Cash at bank and in hand		7,297,786	3,705,992
		7,298,597	3,720,849
Creditors: Amounts falling due within one year	6	(6,678,711)	(8,241,398)
Net current assets/(liabilities)		619,886	(4,520,549)
Total assets less current liabilities		619,886	569,614
Provisions for liabilities		-	(59,100)
Net assets		619,886	510,514
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		619,786	510,414
Total equity		619,886	510,514

Thatch Investments Limited

(Registration number: 11620384)
Balance Sheet as at 31 March 2025

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 22 December 2025 and signed on its behalf by:
 

.........................................

S C McConnell
Director

Thatch Investments Limited

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

1	Statutory information

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

The address of its registered office is:
1st Floor
25 King Street
Bristol
BS1 4PB
United Kingdom

2	Accounting policies

Summary of significant accounting policies

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.

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.

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

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at the rates prevailing on the reporting period date. Exchange gains and losses are taken to profit and loss and classified within administrative expenses.

Tax

The tax expense for the period comprises current tax 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.

Thatch Investments Limited

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

The current income 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
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investments

Investments in other equity shares which are publicly traded or where the fair value can be measured
reliably are measured at fair value, with changes in fair value recognised in profit or loss. Investments in
equity shares which are not publicly traded and where fair value cannot be measured reliably are
measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest
method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Thatch Investments Limited

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

Derivative financial instruments and hedging

Derivatives
Derivative financial instruments are initially recognised at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through the profit or loss.

The fair value is determined by the investment manager. Derivatives are entered into for trading purposes.
 

3	Staff numbers

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

4	Fixed asset investments

	Financial assets at fair value through profit and loss £
Non-current financial assets
Cost or valuation
At 1 April 2024	5,090,163
Additions	734,605
Disposals	(5,824,768)
At 31 March 2025	-
Carrying amount
At 31 March 2025	-
At 31 March 2024	5,090,163

Investments are valued at the balance sheet date by the investment managers. The historical cost of investments at the year end date is £Nil (2024: £4,635,135).

During the year under review, the directors decided to liquidate all of the investments and the company now holds their assets as cash

Thatch Investments Limited

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

5	Debtors: amounts falling due within one year

	2025 £	2024 £
Accrued interest	811	14,857
	811	14,857

6

Creditors

	2025 £	2024 £
Amounts falling due within one year
Derivative financial liability	-	7,133
Accruals	6,210	15,751
Corporation tax	157,157	-
Directors' loan accounts	6,515,344	8,218,514
	6,678,711	8,241,398

The Directors' loan accounts are interest-free and unsecured.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	50	50	50	50
Ordinary B shares of £1 each	25	25	25	25
Ordinary C shares of £1 each	25	25	25	25
	100	100	100	100