Thorney Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04665201

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		880,786		742,882
Investment Properties	5		1,181,759		281,759

			2,062,545		1,024,641
CURRENT ASSETS
Stocks	6	175,624		250,000
Debtors	7	148,559		25,644
Cash at bank and in hand		220,606		337,548

		544,789		613,192
Creditors: Amounts Falling Due Within One Year	8	(158,815 )		(170,250 )

NET CURRENT ASSETS (LIABILITIES)			385,974		442,942

TOTAL ASSETS LESS CURRENT LIABILITIES			2,448,519		1,467,583

Creditors: Amounts Falling Due After More Than One Year	9		(945,937 )		(10,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(99,339 )		(99,339 )

NET ASSETS			1,403,243		1,358,244

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			1,403,143		1,358,144

SHAREHOLDERS' FUNDS			1,403,243		1,358,244

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Thorney Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Thorne

Director

12/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Thorney Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04665201 . The registered office is Staplegate Farm Crowfield, Brackley, Northamptonshire, NN13 5TW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over Length of Lease
Plant & Machinery	10 & 20% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	33 1/3 % straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Thorney Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2025: 12)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 March 2025	361,410	1,324,277	1,685,687
Additions	-	448,250	448,250
Disposals	-	(76,500 )	(76,500 )

As at 28 February 2026	361,410	1,696,027	2,057,437

Depreciation
As at 1 March 2025	168,224	774,581	942,805
Provided during the period	18,071	215,775	233,846

As at 28 February 2026	186,295	990,356	1,176,651

...CONTINUED

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Thorney Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Net Book Value
As at 28 February 2026	175,115	705,671	880,786

As at 1 March 2025	193,186	549,696	742,882

5. Investment Property

	2026
	£
Fair Value
As at 1 March 2025	281,759
Additions	900,000

As at 28 February 2026	1,181,759

6. Stocks

	2026	2025
	£	£
Finished goods	175,624	250,000

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	84,929	-
Other debtors	63,630	25,644

	148,559	25,644

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	50,195
Trade creditors	19,125	-
Bank loans and overdrafts	40,531	2,500
Other creditors	83,862	100,929
Taxation and social security	15,297	16,626

	158,815	170,250

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Thorney Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	945,937	10,000

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	50,195

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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