Company Registration No. 06012502 (England and Wales)
Thoroughbred Developments Limited
Unaudited accounts
for the year ended 31 December 2025
Thoroughbred Developments Limited
Unaudited accounts
Contents
Thoroughbred Developments Limited
Company Information
for the year ended 31 December 2025
Directors
Stewart Smith
Mark Smith
Company Number
06012502 (England and Wales)
Registered Office
10 Churchgate Street
Soham
Ely
CB7 5DR
Thoroughbred Developments Limited
Statement of financial position
as at 31 December 2025
Investment property
402,500
402,500
Cash at bank and in hand
14,338
9,283
Creditors: amounts falling due within one year
(85,508)
(101,577)
Net current liabilities
(71,170)
(92,294)
Total assets less current liabilities
331,330
310,206
Provisions for liabilities
Net assets
302,870
310,206
Called up share capital
1,000
1,000
Fair value reserve
85,380
113,840
Profit and loss account
216,490
195,366
Shareholders' funds
302,870
310,206
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by
Stewart Smith
Director
Company Registration No. 06012502
Thoroughbred Developments Limited
Notes to the Accounts
for the year ended 31 December 2025
Thoroughbred Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 06012502. The registered office is 10 Churchgate Street, Soham, Ely, CB7 5DR.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 January 2025
402,500
At 31 December 2025
402,500
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,915
2,008
Loans from directors
79,173
99,173
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Average number of employees
During the year the average number of employees was 2 (2024: 2).