Company Registration No. 12662953 (England and Wales)
Thamesworth Limited
Unaudited accounts
for the year ended 31 March 2025
Thamesworth Limited
Unaudited accounts
Contents
Thamesworth Limited
Company Information
for the year ended 31 March 2025
Directors
Hanshen Tham
Tishen Tham
Lishan Tham
Ka Hon Tham
Company Number
12662953 (England and Wales)
Registered Office
Marlborough House
68 High Street
Weybridge
Surrey
KT13 8BL
England
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Thamesworth Limited
Statement of financial position
as at 31 March 2025
Investment property
11,425,000
11,425,000
Debtors
5,753,817
2,796,045
Cash at bank and in hand
56,134
322,527
Creditors: amounts falling due within one year
(16,920,738)
(14,232,077)
Net current liabilities
(11,110,787)
(11,113,505)
Total assets less current liabilities
316,157
311,496
Provisions for liabilities
Deferred tax
(237,500)
(237,500)
Called up share capital
300
300
Profit and loss account
78,357
73,696
Shareholders' funds
78,657
73,996
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Tishen Tham
Director
Company Registration No. 12662953
Thamesworth Limited
Notes to the Accounts
for the year ended 31 March 2025
Thamesworth Limited is a private company, limited by shares, registered in England and Wales, registration number 12662953. The registered office is Marlborough House, 68 High Street, Weybridge, Surrey, KT13 8BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
Rental income is recognised on a straight line basis over the term of the lease and recharges are recognised in the period in which the associated services are provided.
Management fee income is recognised in the period in which the service is provided.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
The company owes £13,300,168 (2024 - £13,307,711) to several group undertakings, resulting in overall net current liabilities, before provisions, of £11,114,552 (2024 - £11,117,865). The group undertakings have confirmed they will not seek payment for these assets within the 12 months from the date the financial statements of Thamesworth Limited are approved, therefore the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Thamesworth Limited
Notes to the Accounts
for the year ended 31 March 2025
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2024
11,425,000
At 31 March 2025
11,425,000
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
6
Investments
Subsidiary undertakings
Valuation at 1 April 2024
1
Valuation at 31 March 2025
1
Amounts falling due within one year
Trade debtors
51,240
146,379
Amounts due from group undertakings etc.
5,690,070
2,511,676
Accrued income and prepayments
2,674
18,508
Other debtors
9,833
119,482
Thamesworth Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
26,450
7,785
Amounts owed to group undertakings and other participating interests
13,300,168
13,307,711
Taxes and social security
12,584
15,225
Loans from directors
3,551,502
865,314
Deferred income
27,500
28,042
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Transactions with related parties
During the year, the company loaned £1,930,320 (2024 - £Nil) to Thamesworth Baker Street Limited, a 100% owned subsidiary. The company also met expenses of £4,228 (2024 - £Nil). At the period end, the balance owed to the company was £3,935,547 (2024 - £2,000,999). This loan is interest free and repayable on demand.
During the period, the company met expenses of £455,007 (2024 - £107,734) on behalf of Lotus One Limited, a 51.25% owned subsidiary. At the period end, the balance owed to the company was £965,684 (2024 - £510,677).
During the period, the company met expenses of £Nil (2024 - £3,862) on behalf of Woodstock Investment International Limited, a 100% subsidiary. At the period end, the balance owed to Woodstock was £5,675,500 (2024 - £5,671,138). The board have confirmed they will not seek repayment of these loans within the 12 months from the date the financial statements of Thamesworth Limited are approved.
During the period, the company met expenses of £5,800 (2024 - £3,861) on behalf of Oakwell Business Investment Limited, a 100% subsidiary. At the period end, the balance owed to Oakwell was £7,629,901 (2024 - £7,636,573). The board have confirmed they will not seek repayment of these loans within the 12 months from the date the financial statements of Thamesworth Limited are approved.
In the period to 31 March 2025 the company repaid Mr Tishen Tham, a director of the company, £12,000 (2024: £865,000). At the year end the balancing owing to Mr Tham was £1,715,000 (2024: £865,314).
During the period the company paid a salary of £100,000 (2024 - £Nil) to Ka Hon Tham, a director of the company.
In the period to 31 March 2025 the company received loans totalling £450,000 (2024 - £Nil) from Lishan Tham, a director of the company. The full amount remained outstanding at the balance sheet date.
In the period to 31 March 2025 the company received loans totalling £1,386,664 (2024 - £Nil) and met expenses of £178 (2024 - £Nil) on behalf of Hanshen Tham, a director of the company. The full amount remained outstanding at the balance sheet date.
During the period, the company met expenses of £Nil (2024 - £108,818) on behalf of 126 Baker Street Limited, a company in which Thamesworth Limited indirectly holds a 50% share. At the period end, the balance owed to the company was £Nil (2024 - £113,616).
During the period the company met expenses of £767,162 (2024 - £Nil) on behalf of Octagon Property Holdings Ltd by virtue of common directorship. The full amount remained outstanding at the balance sheet date.
During the year to 31 March 2025, the company met expenses of £12,172 (2024 - £Nil) on behalf of Octagon Property Holdings Ltd by virtue of common directorship. The full amount remained outstanding at the balance sheet date.
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Average number of employees
During the year the average number of employees was 2 (2024: 5).