Thorplands Supermarket Ltd - Filleted accounts

Registered number

04719805

Thorplands Supermarket Ltd

Filleted Accounts

31 March 2026

Thorplands Supermarket Ltd
Registered number:		04719805
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,144,770			746,180
Investments	4		385,187			210,187
			1,529,957			956,367

Current assets
Debtors	5	53,480			54,121
Cash at bank and in hand		123,205			194,456
		176,685			248,577

Creditors: amounts falling due within one year	6	(514,897)			(128,654)

Net current (liabilities)/assets			(338,212)			119,923

Net assets			1,191,745			1,076,290

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,191,743			1,076,288

Shareholders' funds			1,191,745			1,076,290

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M A Patel
Director
Approved by the board on 23 October 2026

Thorplands Supermarket Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2025				746,180
	Additions				398,590
	At 31 March 2026				1,144,770

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				1,144,770
	At 31 March 2025				746,180


4	Investments

Other
investments
£
	Cost
	At 1 April 2025				210,187
	Additions				175,000

	At 31 March 2026				385,187


5	Debtors		2026		2025
£				£

	Other debtors		53,480		54,121


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		1,800		1,800
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		475,000		100,000
	Taxation and social security costs		38,097		26,854
			514,897		128,654


7	Other information

	Thorplands Supermarket Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	74 Booth Lane South
	Northampton
	NN3 3EZ