REGISTERED NUMBER: 07003514

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Thistledown Investment Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D M Fisher

Mrs C M Fisher

REGISTERED OFFICE:

51 West Square

London

SE11 4SP

REGISTERED NUMBER:

07003514

ACCOUNTANTS:

Brightling & Co Accountants Ltd

Vine Hall Farm

Bethersden

Ashford

Kent

TN26 3JY

FIXED ASSETS

Tangible assets

3

4,167

5,000

Investments

4

75,000

75,000

79,167

80,000

CURRENT ASSETS

Debtors

5

-

680

Cash at bank

84,720

86,044

84,720

86,724

CREDITORS

Amounts falling due within one year

6

922

2,307

NET CURRENT ASSETS

83,798

84,417

TOTAL ASSETS LESS CURRENT LIABILITIES

162,965

164,417

CAPITAL AND RESERVES

Called up share capital

65,354

65,354

Share premium

55,546

55,546

Retained earnings

42,065

43,517

SHAREHOLDERS' FUNDS

162,965

164,417

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 4 September 2026 and were signed on its behalf by:

J D M Fisher - Director

1.	ACCOUNTING POLICIES

General information

Thistledown Investment Management Limited is a private company limited by shares, registered and incorporated in England and Wales.

Statement of Compliance

The financial statements have been prepared in accordance with FRS 102, Section 1A, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" .

Basis of preparation

The financial statements have been prepared under the historical cost convention.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. The company considers all it's financial assets and liabilities to

be basic financial instruments as defined by FRS102.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments

discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in the income statement immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Tangible fixed assets

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

Improvements to property

-

10% on cost

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

3.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 February 2025

and 31 January 2026

8,334

DEPRECIATION

At 1 February 2025

3,334

Charge for year

833

At 31 January 2026

4,167

NET BOOK VALUE

At 31 January 2026

4,167

At 31 January 2025

5,000

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

75,000

NET BOOK VALUE

At 31 January 2026

75,000

At 31 January 2025

75,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

-

680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

-

616

Other creditors

922

1,691

922

2,307

7.	RELATED PARTY DISCLOSURES

There were no advances to Directors in the current or previous year.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by J D M Fisher and Mrs C M Fisher.