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Company Registration No. 00773976 (England and Wales)
Thorntons Property (Oakworth) Limited Unaudited accounts for the year ended 31 May 2025
Thorntons Property (Oakworth) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Thorntons Property (Oakworth) Limited Company Information for the year ended 31 May 2025
Directors
AJ Thornton GM Thornton SJ Thornton SJ Grunshaw
Secretary
AJ Thornton
Company Number
00773976 (England and Wales)
Registered Office
The Old Barn, Matthew Lane Bradley Keighley BD20 9DF
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Thorntons Property (Oakworth) Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
646,168
646,732
Current assets
Debtors
5
323,515
177,019
Cash at bank and in hand
1,881,163
1,411,796
2,204,678
1,588,815
Creditors: amounts falling due within one year
6
(22,092)
(17,417)
Net current assets
2,182,586
1,571,398
Net assets
2,828,754
2,218,130
Capital and reserves
Called up share capital
4,150
4,150
Capital redemption reserve
15,048
15,048
Profit and loss account
2,809,556
2,198,932
Shareholders' funds
2,828,754
2,218,130
For the year ending 31 May 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 28 November 2025 and were signed on its behalf by
AJ Thornton Director Company Registration No. 00773976
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Thorntons Property (Oakworth) Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Thorntons Property (Oakworth) Limited is a private company, limited by shares, registered in England and Wales, registration number 00773976. The registered office is The Old Barn, Matthew Lane, Bradley, Keighley, BD20 9DF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducung balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
642,057
136,811
78,646
716
858,230
At 31 May 2025
642,057
136,811
78,646
716
858,230
Depreciation
At 1 June 2024
-
136,228
74,650
620
211,498
Charge for the year
-
140
400
24
564
At 31 May 2025
-
136,368
75,050
644
212,062
Net book value
At 31 May 2025
642,057
443
3,596
72
646,168
At 31 May 2024
642,057
583
3,996
96
646,732
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Thorntons Property (Oakworth) Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
1,856
Amounts due from group undertakings etc.
322,344
172,011
Accrued income and prepayments
764
1,270
Other debtors
407
1,882
323,515
177,019
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
22,092
17,417
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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