IRIS Accounts Production v26.1.10.61 Madison Brook (Estates) Limited 11803168 Board of Directors Board of Directors 1.1.25 31.3.26 31.3.26 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11803168 2024-12-31 11803168 2026-03-31 11803168 2025-01-01 2026-03-31 11803168 2023-12-31 11803168 2024-01-01 2024-12-31 11803168 2024-12-31 11803168 1 2025-01-01 2026-03-31 11803168 ns15:EnglandWales 2025-01-01 2026-03-31 11803168 ns14:PoundSterling 2025-01-01 2026-03-31 11803168 ns10:Director1 2025-01-01 2026-03-31 11803168 ns10:Director2 2025-01-01 2026-03-31 11803168 ns10:PrivateLimitedCompanyLtd 2025-01-01 2026-03-31 11803168 ns10:SmallEntities 2025-01-01 2026-03-31 11803168 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2026-03-31 11803168 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2026-03-31 11803168 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2026-03-31 11803168 ns10:FullAccounts 2025-01-01 2026-03-31 11803168 ns10:RegisteredOffice 2025-01-01 2026-03-31 11803168 ns5:CurrentFinancialInstruments 2026-03-31 11803168 ns5:CurrentFinancialInstruments 2024-12-31 11803168 ns5:Non-currentFinancialInstruments 2026-03-31 11803168 ns5:Non-currentFinancialInstruments 2024-12-31 11803168 ns5:ShareCapital 2026-03-31 11803168 ns5:ShareCapital 2024-12-31 11803168 ns5:FurtherSpecificReserve2ComponentTotalEquity 2026-03-31 11803168 ns5:FurtherSpecificReserve2ComponentTotalEquity 2024-12-31 11803168 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 11803168 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 11803168 ns5:PlantMachinery 2024-12-31 11803168 ns5:PlantMachinery 2025-01-01 2026-03-31 11803168 ns5:PlantMachinery 2026-03-31 11803168 ns5:PlantMachinery 2024-12-31 11803168 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 11803168 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 11803168 ns5:Non-currentFinancialInstruments 2025-01-01 2026-03-31 11803168 ns5:Secured 2026-03-31 11803168 ns5:Secured 2024-12-31

REGISTERED NUMBER: 11803168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

FOR

THOMOND ESTATES LIMITED

| THOMOND ESTATES LIMITED (REGISTERED NUMBER: 11803168) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| THOMOND ESTATES LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

| DIRECTORS: | J R Lipper

| Ms V Weller

| REGISTERED OFFICE: | Railway Arches

| 8a Chancel Street

| London

| SE1 0UR

| REGISTERED NUMBER: | 11803168 (England and Wales)

| ACCOUNTANTS: | Andrew Cross & Co.

| Chartered Certified Accountants

| 6 Green Lane Business Park

| 238 Green Lane

| New Eltham

| London

| SE9 3TL

| THOMOND ESTATES LIMITED (REGISTERED NUMBER: 11803168) |

BALANCE SHEET

31 MARCH 2026

| 2026 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 477 |  | 658 |  |

Investment property | 5 | 4,050,000 |  | 4,630,000 |  |

4,050,477 |  | 4,630,658 |  |

CURRENT ASSETS

Debtors | 6 | 4,840 |  | 7,328 |  |

Cash at bank and in hand | 902 |  | 4,576 |  |

5,742 |  | 11,904 |  |

CREDITORS

Amounts falling due within one year | 7 | 129,514 |  | 131,107 |  |

NET CURRENT LIABILITIES | (123,772 | ) | (119,203 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,926,705 |  | 4,511,455 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (3,540,907 | ) | (4,089,010 | ) |

PROVISIONS FOR LIABILITIES | (167,649 | ) | (165,807 | ) |

NET ASSETS | 218,149 |  | 256,638 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Other reserves | 502,947 |  | 497,420 |  |

Retained earnings | (284,898 | ) | (240,882 | ) |

SHAREHOLDERS' FUNDS | 218,149 |  | 256,638 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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.

| THOMOND ESTATES LIMITED (REGISTERED NUMBER: 11803168) |

BALANCE SHEET - continued

31 MARCH 2026

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 10 August 2026 and were signed on its behalf by:

J R Lipper - Director

Ms V Weller - Director

| THOMOND ESTATES LIMITED (REGISTERED NUMBER: 11803168) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

1. | STATUTORY INFORMATION

| Thomond Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

| Turnover

| Turnover comprises rental income and other property related income exclusive of VAT and is recognised to the extent that is probable that the economic benefits will flow to the company and can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the period 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 (2024 - 2 ) .

| THOMOND ESTATES LIMITED (REGISTERED NUMBER: 11803168) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 March 2026 | 774 |  |

| DEPRECIATION

| At 1 January 2025 | 116 |  |

| Charge for period | 181 |  |

| At 31 March 2026 | 297 |  |

| NET BOOK VALUE

| At 31 March 2026 | 477 |  |

| At 31 December 2024 | 658 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 4,630,000 |  |

| Additions | (654 | ) |

| Disposals | (610,000 | ) |

| Revaluations | 30,654 |  |

| At 31 March 2026 | 4,050,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 4,050,000 |  |

| At 31 December 2024 | 4,630,000 |  |

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2026 | 4,050,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2024 |

£ | £ |

| Other debtors | 4,840 |  | 7,328 |  |

| THOMOND ESTATES LIMITED (REGISTERED NUMBER: 11803168) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2024 |

£ | £ |

| Bank loans and overdrafts | 97,971 |  | 83,674 |  |

| Trade creditors | 2,220 |  | 3,700 |  |

| Taxation and social security | - |  | 2,983 |  |

| Other creditors | 29,323 |  | 40,750 |  |

129,514 |  | 131,107 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2024 |

£ | £ |

| Bank loans | 2,391,490 |  | 2,815,207 |  |

| Other creditors | 1,149,417 |  | 1,273,803 |  |

3,540,907 |  | 4,089,010 |  |

| Included under creditors over one year is an amount of £1,149,417 which relates to the balance of monies owed to a related company by virtue of shareholding. The directors consider this amount as a long term investment and will not allow withdrawal of this amount invested until the company's finances are in a position to enable this to be done without impacting on the business.

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2024 |

£ | £ |

| Bank loans | 2,489,461 |  | 2,898,881 |  |

| The bank loans are secured by way of a charge over the assets of the company. The bank loans are secured by way of joint and several guarantee, from Mr R J Lucy, Mr J R Lipper and Mrs A J Lucy, limited to the amounts borrowed.

10. | ULTIMATE CONTROLLING PARTY

| As at the year end, the ultimate parent company is Thomond Investments Limited (formerly known as The LWM Partnership Limited), a company incorporated in England and Wales. The ultimate controlling party is Mr J Lipper by virtue of his majority shareholding.