REGISTERED NUMBER: 09286442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

THORNHILL CROYDON LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

305

407

Investment property

5

1,935,000

1,712,231

1,935,305

1,712,638

CURRENT ASSETS

Debtors

6

373,746

384,188

Cash at bank and in hand

3,347

1,889

377,093

386,077

CREDITORS

Amounts falling due within one year

7

2,544

2,244

NET CURRENT ASSETS

374,549

383,833

TOTAL ASSETS LESS CURRENT LIABILITIES

2,309,854

2,096,471

CREDITORS

Amounts falling due after more than one year

8

(1,316,700

)

(1,316,700

)

PROVISIONS FOR LIABILITIES

10

(294,933

)

(239,241

)

NET ASSETS

698,221

540,530

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

884,799

717,722

Retained earnings

(186,678

)

(177,292

)

698,221

540,530

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

Mr M J Carrozzo - Director

1.	STATUTORY INFORMATION

Thornhill Croydon Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09286442

Registered office:

Wrencote House

123 Croydon High Street

Croydon

Surrey

CR0 0XJ

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates in relation to the carrying value of investment property.

Revenue

Revenue represents rents receivable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant and machinery 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investment property

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 November 2024

and 31 October 2025

7,215

DEPRECIATION

At 1 November 2024

6,808

Charge for year

102

At 31 October 2025

6,910

NET BOOK VALUE

At 31 October 2025

305

At 31 October 2024

407

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,712,231

Revaluations

222,769

At 31 October 2025

1,935,000

NET BOOK VALUE

At 31 October 2025

1,935,000

At 31 October 2024

1,712,231

Fair value at 31 October 2025 is represented by:

£

Valuation in 2015

686,963

Valuation in 2019

270,000

Valuation in 2025

222,769

Cost

755,268

1,935,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

755,268

755,268

Investment property was valued on an open market basis on 31 October 2025 by the directors of the company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

373,746

384,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

144

Other creditors

2,544

2,100

2,544

2,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,316,700

1,316,700

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,316,700

1,316,700

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,316,700

1,316,700

Bank loans are secured by way of fixed and floating charge on the investment property of the company and contains a negative pledge.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Other timing differences

294,933

239,241

Deferred

tax

£

Balance at 1 November 2024

239,241

Provided during year

55,692

Balance at 31 October 2025

294,933

11.

RESERVES

Fair

value

reserve

£

At 1 November 2024

717,722

Movement during the year

167,077

At 31 October 2025

884,799

12.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £373,280 (2024: £383,680) due from connected companies with common control. The loans are interest-free and recoverable on demand.