REGISTERED NUMBER: 14665615 (England and Wales)

Unaudited Financial Statements

for the Period 29 February 2024 to 31 March 2025

for

THORNDALE FARM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Miles

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

14665615 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

114,901

-

Investment property

5

1,150,569

1,150,569

1,265,470

1,150,569

CURRENT ASSETS

Debtors

6

17,368

10,335

Cash at bank

35,823

71,048

53,191

81,383

CREDITORS

Amounts falling due within one year

7

(1,276,569

)

(1,239,897

)

NET CURRENT LIABILITIES

(1,223,378

)

(1,158,514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,092

(7,945

)

CREDITORS

Amounts falling due after more than one year

8

(17,450

)

-

NET ASSETS/(LIABILITIES)

24,642

(7,945

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

23,642

(8,945

)

SHAREHOLDERS' FUNDS

24,642

(7,945

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

J M Miles - Director

1.	STATUTORY INFORMATION

Thorndale Farm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and rental income is recognised on an accrual basis.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are 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.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The properties have been valued using an open market valuation by J M Miles, the director.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the period 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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

improvements

£

COST

Additions

127,668

At 31 March 2025

127,668

DEPRECIATION

Charge for period

12,767

At 31 March 2025

12,767

NET BOOK VALUE

At 31 March 2025

114,901

5.	INVESTMENT PROPERTY

Total

£

COST

At 29 February 2024

and 31 March 2025

1,150,569

NET BOOK VALUE

At 31 March 2025

1,150,569

At 28 February 2024

1,150,569

Investment properties were valued on an open market basis on 31 March 2025 by the director.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,368

10,335

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,864

-

Taxation and social security

9,573

-

Other creditors

1,263,132

1,239,897

1,276,569

1,239,897

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

17,450

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

ORDINARY

£1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

Angel Healthcare Limited is a company under the control of the director J M Miles.

At 31 March 2025 the company owed £1,230,000 (2024: £1,200,000) to Angel Healthcare Limited.