| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2025 |
| for |
| THOMAS HENEAGE & CO. LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2025 |
| for |
| THOMAS HENEAGE & CO. LIMITED |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Certified Accountants' Report | 8 |
| THOMAS HENEAGE & CO. LIMITED |
| Company Information |
| for the Year Ended 31 July 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Regus, Building 2 |
| Guildford Business Park Road |
| Guildford |
| Surrey |
| GU2 8XG |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Balance Sheet |
| 31 July 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 | ( |
) |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Balance Sheet - continued |
| 31 July 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve | 9 |
| Capital redemption reserve |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2025 |
| 1. | STATUTORY INFORMATION |
| Thomas Heneage & Co. Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the sale of goods and services excluding Value Added Tax. Sales of books are recognised at the point of despatch and management fee income is recognised when the service has been provided. |
| Tangible fixed assets |
| Short leasehold | - |
| Equipment & software | - |
| Fixtures and fittings | - |
| Library | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Library |
| No depreciation is charged against the valuation of the gems and cameo library, as the depreciation charge and accumulated depreciation are considered to be immaterial. |
| In accordance with Financial Reporting Standard No 102, an assessment of the valuation of the library is made annually by the directors and the gain or loss is included in the income statement. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Equipment | and |
| leasehold | & software | fittings |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 August 2024 |
| Additions |
| At 31 July 2025 |
| DEPRECIATION |
| At 1 August 2024 |
| Charge for year |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Computer |
| Library | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 August 2024 |
| Additions |
| At 31 July 2025 |
| DEPRECIATION |
| At 1 August 2024 |
| Charge for year |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| Cost or valuation at 31 July 2025 is represented by: |
| Fixtures |
| Short | Equipment | and |
| leasehold | & software | fittings |
| £ | £ | £ |
| Valuation in 2024 | 104,253 | 60,102 | 64,508 |
| Computer |
| Library | equipment | Totals |
| £ | £ | £ |
| Valuation in 2024 | 144,000 | 40,909 | 413,772 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors | ( |
) |
| Other debtors |
| ( |
) |
| THOMAS HENEAGE & CO. LIMITED (REGISTERED NUMBER: 00657656) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 August 2024 |
| and 31 July 2025 |
| 10. | RELATED PARTY DISCLOSURES |
| As at 31 July 2025 the company owed £216,533 (2024 £232,559) to T P W Heneage, a director and shareholder. This loan is interest free and repayable on demand. |
| As at 31 July 2025 the company owed £9,999 (2024 £10,219) to Art Library Limited, a company under common control. This loan is interest free and repayable on demand. |
| Certified Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Thomas Heneage & Co. Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thomas Heneage & Co. Limited for the year ended 31 July 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of Thomas Heneage & Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thomas Heneage & Co. Limited and state those matters that we have agreed to state to the Board of Directors of Thomas Heneage & Co. Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
| https://www.accaglobal.com/gb/en/technical-activities/technical-resources- |
| search/2009/october/factsheet-163-audit-exempt-companies.html. |
| To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Thomas Heneage & Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thomas Heneage & Co. Limited. You consider that Thomas Heneage & Co. Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Thomas Heneage & Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Regus, Building 2 |
| Guildford Business Park Road |
| Guildford |
| Surrey |
| GU2 8XG |