Tabitha Thomas Ltd Company accounts

COMPANY REGISTRATION NUMBER: 9842786

TABITHA THOMAS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

TABITHA THOMAS LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE

Officers and professional advisers	1

Director's report	2

Income statement	3

Statement of financial position	4

Notes to the financial statements	6

The following pages do not form part of the financial statements

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	11

TABITHA THOMAS LTD

OFFICERS AND PROFESSIONAL ADVISERS

Director	Ms C R Murphy

Registered office	36 Middleton Road
	Ilkley
	LS29 9EX

Accountants	Townends Accountants LLP
	Chartered Accountants
	Fulford Lodge
	1 Heslington Lane
	Fulford
	York
	YO10 4HW

TABITHA THOMAS LTD

DIRECTOR'S REPORT

YEAR ENDED 31 MARCH 2025

The director presents her report and the unaudited financial statements of the company for the year ended 31 March 2025 .

PRINCIPAL ACTIVITIES

The principal activity of the company during the year was that of property rental.

DIRECTORS

The directors who served the company during the year were as follows:

Ms C R Murphy
Mr A R Booth	(Died 5 December 2024)

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 17 July 2025 and signed on behalf of the board by:

Ms C R Murphy
Director

Registered office:

36 Middleton Road

Ilkley

LS29 9EX

TABITHA THOMAS LTD

INCOME STATEMENT

YEAR ENDED 31 MARCH 2025

	2025	2024
Note	£	£
TURNOVER	42,860	41,145

	--------	--------
GROSS PROFIT	42,860	41,145

Administrative expenses	27,966	26,887
	--------	--------
OPERATING PROFIT	14,894	14,258

		--------	--------
PROFIT BEFORE TAXATION	4	14,894	14,258

Tax on profit	2,770	799
	--------	--------
PROFIT FOR THE FINANCIAL YEAR	12,124	13,459
	--------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

TABITHA THOMAS LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5	3,391	4,521
Investments	6	494,576	494,576
		----------	----------
		497,967	499,097

CURRENT ASSETS

Debtors	7	2,001	3,564
Cash at bank and in hand		859	243
		-------	-------
		2,860	3,807

CREDITORS: amounts falling due within one year	8	468,717		482,703
		----------		----------
NET CURRENT LIABILITIES			465,857	478,896
			----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES			32,110	20,201

PROVISIONS

Taxation including deferred tax	584	799
	--------	--------
NET ASSETS	31,526	19,402
	--------	--------

TABITHA THOMAS LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	31,426	19,302
	--------	--------
SHAREHOLDERS FUNDS	31,526	19,402
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:

Ms C R Murphy
Director

Company registration number: 9842786

TABITHA THOMAS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36 Middleton Road, Ilkley, LS29 9EX.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in compliance with FRS102 Section 1A, 'The Reporting Standard applicable in the UK and Republic of Ireland'

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents received.

(c) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

(f) Investments

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

(g) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(i) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(j) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

4. PROFIT BEFORE TAXATION

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	1,130	1,507
	-------	-------

5. TANGIBLE ASSETS

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	7,117	7,117
	-------	-------
Depreciation
At 1 April 2024	2,596	2,596
Charge for the year	1,130	1,130
	-------	-------
At 31 March 2025	3,726	3,726
	-------	-------
Carrying amount
At 31 March 2025	3,391	3,391
	-------	-------
At 31 March 2024	4,521	4,521
	-------	-------

6. INVESTMENTS

	Investment properties
	£
Cost
At 1 April 2024 and 31 March 2025	494,576
	----------
Impairment
At 1 April 2024 and 31 March 2025	–
	----------

Carrying amount
At 31 March 2025	494,576
	----------
At 31 March 2024	494,576
	----------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	15	1,536
Other debtors	1,986	2,028
	-------	-------
	2,001	3,564
	-------	-------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	2,985	–
Directors loans	460,239	476,919
Other creditors	5,493	5,784
	----------	----------
	468,717	482,703
	----------	----------

TABITHA THOMAS LTD

MANAGEMENT INFORMATION

YEAR ENDED 31 MARCH 2025

The following pages do not form part of the financial statements.

TABITHA THOMAS LTD

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TABITHA THOMAS LTD

YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tabitha Thomas Ltd for the year ended 31 March 2025, which comprise the income statement, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Tabitha Thomas Ltd in accordance with the terms of our engagement letter dated 16 May 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Tabitha Thomas Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tabitha Thomas Ltd and its director for our work or for this report.

It is your duty to ensure that Tabitha Thomas Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tabitha Thomas Ltd. You consider that Tabitha Thomas Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Tabitha Thomas Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Townends Accountants LLP Chartered Accountants

Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW

17 July 2025