Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 4 |
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| 2,500,000 | 1,816,805 | |||
| Current assets | ||||
| Debtors | 5 |
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| 205,615 | 148,489 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (2,085,276) | (2,137,156) | ||
| Total assets less current liabilities | 414,724 | (320,351) | ||
| Provision for liabilities | (
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| Net assets/(liabilities) |
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| Capital and reserves | ||||
| Called-up share capital |
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| Fair value reserve |
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| Profit and loss account | (
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| Total shareholder's funds/(deficit) |
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Directors' responsibilities:
The financial statements of Thornhill Property Investments Limited (registered number:
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R C G MacLeod
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Thornhill Property Investments Limited is a private company, limited by shares, incorporated in England and Wales with registered number 09229269. The address of the registered office is Thornhill Park, Stalbridge, Sturminster Newton, Dorset, DT10 2SH.
The statutory accounts have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
At the year end, the Company has net current liabilities. The company is reliant upon the support of its shareholders to enable it to meet its financial obligations as they arise. As the shareholders will continue to financially support the company for the foreseeable future, the directors consider it appropriate to prepare the statutory accounts on the going concern basis.
The tax expense for the year comprises current tax. Tax is recognised in the Statement of income and retained earnings.
The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the statement of income and retained earnings 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 balance sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
| Plant and machinery |
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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.
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 January 2025 |
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| At 31 December 2025 |
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| Accumulated depreciation | |||
| At 01 January 2025 |
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| At 31 December 2025 |
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| Net book value | |||
| At 31 December 2025 | 0 | 0 | |
| At 31 December 2024 | 0 | 0 |
| Investment property | |
| £ | |
| Valuation | |
| As at 01 January 2025 |
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| Fair value movement | 683,195 |
| As at 31 December 2025 |
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The freehold properties were professionally valued on 24 May 2024 on an open market value for existing use basis by Knight Frank. The directors have considered the value as at 31 December 2025 and confirm there has been no material movement in the valuation from 24 May 2024 to the current year end.
Historic cost
If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:
| 2025 | 2024 | ||
| £ | £ | ||
| Historic cost | 2,015,153 | 2,015,153 |
| 2025 | 2024 | ||
| £ | £ | ||
| Other debtors |
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| £ | £ | ||
| Amounts owed to Group undertakings |
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| Amounts owed to directors |
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| Accruals |
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Transactions with the entity's directors
Included within other creditors is £15,220 (2024: £9,375) due to R C G MacLeod.
Other related party transactions
Included within creditors is £2,269,367 (2024: £2,269,367) due to Thornhill Property Holdings Limited, the company's parent company. This is interest free and repayable on demand.
Included within other debtors is £109,993 (2024: £109,393) due from Thornhill Farming Limited, a company of which R C G MacLeod and P F Blackwell are both directors. This is interest free and repayable on demand.