Company registration number 05514958 (England and Wales)
THOREN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
THOREN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
THOREN LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
205
273
Investment property
4
175,000
175,000
Investments
5
3
3,212
175,208
178,485
Current assets
Debtors
6
401,033
234,854
Cash at bank and in hand
6,628
436,394
407,661
671,248
Creditors: amounts falling due within one year
7
(39,007)
(342,560)
Net current assets
368,654
328,688
Total assets less current liabilities
543,862
507,173
Creditors: amounts falling due after more than one year
8
(315,009)
(291,233)
Net assets
228,853
215,940
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
228,852
215,939
Total equity
228,853
215,940

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

THOREN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 February 2026 and are signed on its behalf by:
Mr C Middlebrook
Director
Company registration number 05514958 (England and Wales)
THOREN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Thoren Limited is a private company limited by shares incorporated in England and Wales. The registered office is Helm Bank, Natland, Kendal, LA9 7PS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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.

1.2
Turnover

Turnover represents amounts receivable in relation to rental income, to the extent that the company has a right to consideration arising from the performance of its contractual arrangements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property improv'ts
20% straight line
Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

THOREN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THOREN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
THOREN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024
45,002
3,987
48,989
Disposals
(45,002)
-
0
(45,002)
At 30 June 2025
-
0
3,987
3,987
Depreciation and impairment
At 1 July 2024
45,002
3,714
48,716
Depreciation charged in the year
-
0
68
68
Eliminated in respect of disposals
(45,002)
-
0
(45,002)
At 30 June 2025
-
0
3,782
3,782
Carrying amount
At 30 June 2025
-
0
205
205
At 30 June 2024
-
0
273
273
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
175,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the director, who is connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
3
3
Other investments other than loans
-
0
3,209
3
3,212

THOREN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 July 2024
3
3,209
3,212
Disposals
-
(3,209)
(3,209)
At 30 June 2025
3
-
3
Carrying amount
At 30 June 2025
3
-
3
At 30 June 2024
3
3,209
3,212
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
173,627
3,500
Other debtors
1,338
1,326
174,965
4,826
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
186,669
188,772
Deferred tax asset
39,399
41,256
226,068
230,028
Total debtors
401,033
234,854
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
26,316
336,560
Other creditors
12,691
6,000
39,007
342,560
THOREN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
95,385
95,333
Other creditors
219,624
195,900
315,009
291,233

Bank loans and overdrafts of £95,385 (2024: £95,333) are secured by first legal charge over certain properties of the company.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' - 'D' Ordinary shares of 1p each
100
100
1
1

All shares rank pari passu in all respects save that the director may at any time resolve to declare a dividend on one class of share and not another class.

10
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Other related parties
199,900
199,900
Other information

In accordance with section 33.1A of FRS102, as a parent company, Thoren Limited is not required to disclose transactions with its subsidiaries, Highbrook Homes Limited, Oakbrook RE Limited, Highbrook Homes Fairfield Limited and Highbrook Homes (Kirkstone) Limited.

2025-06-30 2024-07-01 false false false 18 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C Middlebrook Mrs V Middlebrook Mr G Middlebrook Mr C Middlebrook 05514958 2024-07-01 2025-06-30 05514958 2025-06-30 05514958 2024-06-30 05514958 core:LandBuildings 2025-06-30 05514958 core:OtherPropertyPlantEquipment 2025-06-30 05514958 core:LandBuildings 2024-06-30 05514958 core:OtherPropertyPlantEquipment 2024-06-30 05514958 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 05514958 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05514958 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 05514958 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 05514958 core:CurrentFinancialInstruments 2025-06-30 05514958 core:CurrentFinancialInstruments 2024-06-30 05514958 core:Non-currentFinancialInstruments 2025-06-30 05514958 core:Non-currentFinancialInstruments 2024-06-30 05514958 core:ShareCapital 2025-06-30 05514958 core:ShareCapital 2024-06-30 05514958 core:RetainedEarningsAccumulatedLosses 2025-06-30 05514958 core:RetainedEarningsAccumulatedLosses 2024-06-30 05514958 core:ShareCapitalOrdinaryShareClass1 2025-06-30 05514958 core:ShareCapitalOrdinaryShareClass1 2024-06-30 05514958 bus:CompanySecretaryDirector1 2024-07-01 2025-06-30 05514958 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 05514958 core:FurnitureFittings 2024-07-01 2025-06-30 05514958 2023-07-01 2024-06-30 05514958 core:LandBuildings 2024-06-30 05514958 core:OtherPropertyPlantEquipment 2024-06-30 05514958 2024-06-30 05514958 core:LandBuildings 2024-07-01 2025-06-30 05514958 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 05514958 core:AfterOneYear 2025-06-30 05514958 core:AfterOneYear 2024-06-30 05514958 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 05514958 bus:OrdinaryShareClass1 2025-06-30 05514958 bus:OrdinaryShareClass1 2024-06-30 05514958 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05514958 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 05514958 bus:FRS102 2024-07-01 2025-06-30 05514958 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05514958 bus:Director1 2024-07-01 2025-06-30 05514958 bus:Director2 2024-07-01 2025-06-30 05514958 bus:Director3 2024-07-01 2025-06-30 05514958 bus:CompanySecretary1 2024-07-01 2025-06-30 05514958 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP