Company registration number 02933052 (England and Wales)
THORNEY FARM DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THORNEY FARM DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
THORNEY FARM DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
427,753
428,492
Investment property
4
4,300,000
4,300,000
Investments
5
200
200
4,727,953
4,728,692
Current assets
Stocks
1,252,856
2,477,191
Debtors
6
5,842,742
4,677,777
Cash at bank and in hand
65,351
36,423
7,160,949
7,191,391
Creditors: amounts falling due within one year
7
(1,275,475)
(1,381,649)
Net current assets
5,885,474
5,809,742
Total assets less current liabilities
10,613,427
10,538,434
Creditors: amounts falling due after more than one year
8
(1,310,000)
(1,310,000)
Provisions for liabilities
(376,963)
(377,090)
Net assets
8,926,464
8,851,344
Capital and reserves
Called up share capital
6
6
Profit and loss reserves
8,926,458
8,851,338
Total equity
8,926,464
8,851,344
THORNEY FARM DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 August 2026 and are signed on its behalf by:
P G Woodbridge
Director
Company registration number 02933052 (England and Wales)
THORNEY FARM DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Thorney Farm Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Merrydown, Winkfield Street, Maidens Green, Windsor, Berkshire, SL4 4SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Rental income is recognised in the period to which the rent relates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery etc
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

THORNEY FARM DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THORNEY FARM DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
THORNEY FARM DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 December 2024 and 30 November 2025
427,258
26,821
454,079
Depreciation and impairment
At 1 December 2024
-
0
25,587
25,587
Depreciation charged in the year
-
0
739
739
At 30 November 2025
-
0
26,326
26,326
Carrying amount
At 30 November 2025
427,258
495
427,753
At 30 November 2024
427,258
1,234
428,492
4
Investment property
2025
£
Fair value
At 1 December 2024
4,300,000
Additions
24,710
Revaluations
(24,710)
At 30 November 2025
4,300,000

The fair value of the investment property has been determined by independent valuers on an open market value basis by reference to market evidence of rental yields and transaction prices for similar properties.

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
200
200
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
26,008
640
Amounts owed by group undertakings
5,791,012
4,665,328
Other debtors
25,722
11,809
5,842,742
4,677,777
THORNEY FARM DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,324
6,533
Amounts owed to group undertakings
90,572
95,572
Corporation tax
34,084
20,031
Other taxation and social security
2,677
-
0
Other creditors
1,138,818
1,259,513
1,275,475
1,381,649
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,310,000
1,310,000
2025-11-30 2024-12-01 false false false 26 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity P G Woodbridge K L Woodbridge 02933052 2024-12-01 2025-11-30 02933052 2025-11-30 02933052 2024-11-30 02933052 core:LandBuildings 2025-11-30 02933052 core:OtherPropertyPlantEquipment 2025-11-30 02933052 core:LandBuildings 2024-11-30 02933052 core:OtherPropertyPlantEquipment 2024-11-30 02933052 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 02933052 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 02933052 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 02933052 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 02933052 core:CurrentFinancialInstruments 2025-11-30 02933052 core:CurrentFinancialInstruments 2024-11-30 02933052 core:ShareCapital 2025-11-30 02933052 core:ShareCapital 2024-11-30 02933052 core:RetainedEarningsAccumulatedLosses 2025-11-30 02933052 core:RetainedEarningsAccumulatedLosses 2024-11-30 02933052 bus:Director1 2024-12-01 2025-11-30 02933052 core:PlantMachinery 2024-12-01 2025-11-30 02933052 2023-12-01 2024-11-30 02933052 core:LandBuildings 2024-11-30 02933052 core:OtherPropertyPlantEquipment 2024-11-30 02933052 2024-11-30 02933052 core:LandBuildings 2024-12-01 2025-11-30 02933052 core:OtherPropertyPlantEquipment 2024-12-01 2025-11-30 02933052 core:Non-currentFinancialInstruments 2025-11-30 02933052 core:Non-currentFinancialInstruments 2024-11-30 02933052 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 02933052 bus:FRS102 2024-12-01 2025-11-30 02933052 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 02933052 bus:Director2 2024-12-01 2025-11-30 02933052 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 02933052 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP