Themis Developments Limited

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

Registered number: 10556780

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	1,761,812		2,006,639
Cash at bank and in hand		373,441		6,024

		2,135,253		2,012,663
Creditors: Amounts Falling Due Within One Year	6	(2,164,598 )		(2,037,048 )

NET CURRENT ASSETS (LIABILITIES)			(29,345 )		(24,385 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(29,345 )		(24,385 )

NET LIABILITIES			(29,345 )		(24,385 )

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			(30,345 )		(25,385 )

SHAREHOLDERS' FUNDS			(29,345)		(24,385)

For the year ending 29 September 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 Phillip Rodger

Director

24/06/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Themis Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10556780 . The registered office is Unit 2 Planet Place, George Stephenson Industrical Estate, Killingworth, Newcastle upon Tyne, NE12 6DY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2. Going Concern Disclosure

The Company is funded primarily by an interest free loan from its parent.

The parent company has confirmed to the directors that this funding will continue for the foreseeable future. This will enable the company to continue in operational existence for the foreseeable future.

2.3. 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.

2.4. 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.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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Themis Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 September 2025

3. Average Number of Employees

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

4. Stocks

	2025	2024
	£	£
Stock	1,761,812	2,006,639

5. Debtors

	2025	2024
	£	£
Due within one year

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Accruals and deferred income	2,250	2,160
Directors' loan accounts	203,497	204,038
Amounts owed to other participating interests	1,958,850	1,830,850

	2,164,598	2,037,048

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Related Party Transactions

Building Solutions Limited, a company registered in England and Wales, is a related party by virtue of common shareholders and directors.

During the period, the Company was invoiced by Building Solutions Limited a total of £129,102.87 for property development works. All of this was paid during the year.

BSNE Limited, a company registered in England and Wales, is a related party by virtue of common shareholders and directors.

During the period, the Company was invoiced by BSNE Limited a total of £111,337.71 for property development works. All of this was paid during the year.

Moore House Holdings Ltd, a company registered in England and Wales, is the parent company of Themis Developments Limited. The company operates a loan account with its parent. At the year end the company owed £1,958,850 (2024: £1,830,850) to Moore House Holdings Ltd. This loan is interest free and repayable on demand.

9. Controlling Party

The controlling party is Moore House Holdings Ltd, a company registered in England and Wales, with its registered office at Moore House, Whalton, Morpeth, NE61 3UX, which owns a majority of the issued share capital. The ultimate controlling party is P A Rodger, by virtue of his control of Moore House Holdings Ltd.

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