Registration number:
Thompson Developments (Bristol) Limited
for the Year Ended 31 October 2025
Thompson Developments (Bristol) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Thompson Developments (Bristol) Limited
Company Information
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Directors |
K J Thompson S-A Thompson |
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Registered office |
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Accountants |
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Thompson Developments (Bristol) Limited
(Registration number: 07413271)
Balance Sheet
31 October 2025
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2025 |
(As restated) |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Fair value reserve |
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Retained earnings |
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Shareholders' funds |
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Thompson Developments (Bristol) Limited
(Registration number: 07413271)
Balance Sheet
31 October 2025
For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Prior period errors
A prior period adjustment has been made to correct the fair value reserves and deferred taxation. This has increased provision for liabilites by £20,396 and the fair value reseves by £45,596 and reduced retained profit by £65,992.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rental of its investment property in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
20% Straight Line |
Investment property
Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
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Tangible assets |
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Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 November 2024 |
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At 31 October 2025 |
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Depreciation |
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At 1 November 2024 |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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Investment properties |
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2025 |
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At 1 November |
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At 31 October |
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The fair value of the investment property has been ascertained by the directors at 31 October 2025.
Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
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Debtors |
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2025 |
2024 |
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Other debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Intercompany loan |
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Taxation and social security |
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Accruals and deferred income |
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On the 22 December 2011 Lloyds TSB Bank plc registered a charge over freehold property known as 25 Amble Close, Bristol together with a fixed and floating charge over plant & machinery, debts and goodwill of the business.
On 17 January 2012 Lloyds TSB Bank plc registered a fixed and floating charge over the ovetaking and all property and assets present and future.
On the 24 June 2024 The Mortgage Works (UK) plc registered a charge over 126 Guest Avenue, Emersons Green, Bristol.
Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 November 2024 |
Repayments by director |
At 31 October 2025 |
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K J Thompson |
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Interest free and repayable on demand |
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S-A Thompson |
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Interest free and payable on demand |
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Thompson Developments (Bristol) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2025
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2024 |
At 1 November 2023 |
Advances to director |
At 31 October 2024 |
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K J Thompson |
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Interest free and repayable on demand |
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S-A Thompson |
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Interest free and payable on demand |
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Summary of transactions with other related parties
A loan has been made by Thompson Carpentry Limited to Thompson Developments (Bristol) Limited a company under common control, the amount owing at 31 October 2025 was £590,165 (2024: £607,907). No interest is payable on the loan
During the year, one of the company owned flats was rented to the son of the directors at less than market value.