COMPANY REGISTRATION NUMBER:
12818670
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Debtors |
5 |
10,746,134 |
10,325,459 |
|
Cash at bank and in hand |
51 |
309 |
|
------------- |
------------- |
|
10,746,185 |
10,325,768 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
10,689,288 |
10,295,676 |
|
------------- |
------------- |
|
Net current assets |
56,897 |
30,092 |
|
-------- |
-------- |
|
Total assets less current liabilities |
56,897 |
30,092 |
|
-------- |
-------- |
|
Net assets |
56,897 |
30,092 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
56,896 |
30,091 |
|
-------- |
-------- |
|
Shareholders funds |
56,897 |
30,092 |
|
-------- |
-------- |
|
|
|
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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 his 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
24 December 2025
, and are signed on behalf of the board by:
Company registration number:
12818670
|
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 71 New Dover Road, Canterbury, CT1 3DZ, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2024: 1).
4.
Accounting policies
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.
Income 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
10,746,134 |
10,325,459 |
|
------------- |
------------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
– |
6,106 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
10,669,046 |
10,280,477 |
|
Corporation tax |
14,242 |
– |
|
Other creditors |
6,000 |
9,093 |
|
------------- |
------------- |
|
10,689,288 |
10,295,676 |
|
------------- |
------------- |
|
|
|
7.
Related party transactions
At the year end the company owed £10,655,346 (2024: £10,276,739) to companies under common control. At the year end the company owed £13,700 (2024: £nil) to trusts where the ultimate beneficial owner of the company is a beneficiary. At the year end the company owed £nil (2024: £3,093) to the director.
8.
Controlling party
The company is controlled by Thorsons Investments Limited, a company incorporated in England and Wales.