| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2025 |
| for |
| Thornsett Properties Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2025 |
| for |
| Thornsett Properties Limited |
| Thornsett Properties Limited (Registered number: 03867500) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Thornsett Properties Limited |
| Company Information |
| for the Year Ended 31 December 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 5 Westbrook Court |
| Sharrowvale Road |
| Sheffield |
| S11 8YZ |
| Thornsett Properties Limited (Registered number: 03867500) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Thornsett Properties Limited (Registered number: 03867500) |
| Balance Sheet - continued |
| 31 December 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Thornsett Properties Limited (Registered number: 03867500) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Thornsett Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| 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 year 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 year 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Thornsett Properties Limited (Registered number: 03867500) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2025 |
| Additions |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2025 |
| Disposals | ( |
) |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Fair value at 31 December 2025 is represented by: |
| £ |
| Valuation in 2023 | 6,622,236 |
| Cost | 6,814,134 |
| 13,436,370 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 6,814,134 | 7,149,979 |
| Investment property was valued on an open market basis on 31 December 2025 by the directors . |
| Thornsett Properties Limited (Registered number: 03867500) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 January 2025 |
| Reserve transfer | ( |
) |
| At 31 December 2025 |
| Thornsett Properties Limited (Registered number: 03867500) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, Mr C S Choker received director's remuneration of £50,000 (2024: £40,625), dividends of £NIL (2024: £NIL) and was paid interest on directors loan balances of £29,600 (2024: £38,320). |
| At the balance sheet date, £1,027,853 (2024: £1,538,805) was owed to the directors by the company. |
| Broomgrove Properties Ltd |
| A company of which Mr S S Choker is also a director. |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amount due from related party at the balance sheet date | 3,316,000 | 4,144,000 |
| Silverdale Properties Ltd |
| A company of which Mr S S Choker is also a director. |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amount due from related party at the balance sheet date | 43,200 | 105,200 |
| Westcroft Properties Ltd |
| A company of which Mr S S Choker is also a director. |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amount due from related party at the balance sheet date | 481,141 | 147,200 |
| Hallamgate Properties Ltd |
| A company of which Mr S S Choker is also a director. |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amount due from related party at the balance sheet date | 712,000 | 470,000 |
| Thornhill Properties Ltd |
| A company of which Mr S S Choker is also a director. |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amount due from related party at the balance sheet date | 548,000 | 780,000 |