Thorpe Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11456889

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		185,227		175,224

			185,227		175,224
CURRENT ASSETS
Stocks	5	885,232		517,227
Debtors	6	71,428		38,708
Cash at bank and in hand		-		478

		956,660		556,413
Creditors: Amounts Falling Due Within One Year	7	(1,128,604 )		(723,500 )

NET CURRENT ASSETS (LIABILITIES)			(171,944 )		(167,087 )

TOTAL ASSETS LESS CURRENT LIABILITIES			13,283		8,137

Creditors: Amounts Falling Due After More Than One Year	8		-		(6,549 )

NET ASSETS			13,283		1,588

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		82,516		75,116
Profit and Loss Account			(69,333 )		(73,628 )

SHAREHOLDERS' FUNDS			13,283		1,588

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Thorpe Developments Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J C Marriott

Director

20 May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Thorpe Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11456889 . The registered office is Manor Farm, Sheldon, Bakewell, Derbyshire, DE45 1QS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% reducing balance
Office Equipment	25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

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Thorpe Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Plant & Machinery	Office Equipment	Total
	£	£	£
Cost or Valuation
As at 1 August 2024	258,981	2,506	261,487
Additions	19,535	-	19,535
Revaluation	10,550	-	10,550

As at 31 July 2025	289,066	2,506	291,572

Depreciation
As at 1 August 2024	84,802	1,461	86,263
Provided during the period	19,372	710	20,082

As at 31 July 2025	104,174	2,171	106,345

Net Book Value
As at 31 July 2025	184,892	335	185,227

As at 1 August 2024	174,179	1,045	175,224

5. Stocks

	2025	2024
	£	£
Work in progress	885,232	517,227

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	50,255	12,282
Other debtors	21,173	26,426

	71,428	38,708

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,549	11,228
Trade creditors	469,250	473,473
Bank loans and overdrafts	302	-
Other creditors	652,503	238,729
Taxation and social security	-	70

	1,128,604	723,500

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,549

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Thorpe Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,549	11,228
Later than one year and not later than five years	-	6,549

	6,549	17,777

	6,549	17,777

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 August 2024	75,116	(73,628 )
Profit for year	-	1,145

Surplus on revaluation	10,550	-

Other comprehensive income for the year	10,550	-

Total comprehensive income for the year	10,550	1,145

Transfer from revaluation reserve	-	3,150
Transfer to/from Profit & Loss Account	(3,150 )	-

As at 31 July 2025	82,516	(69,333 )

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