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Registered number: 12170680
Theta Master Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
The Hudson Partnership
Chartered Certified Accountants
361 Rayleigh Road
Leigh-On-Sea
Essex
SS9 5PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12170680
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50 780
50 780
CURRENT ASSETS
Debtors 5 2,416,881 1,924,758
Cash at bank and in hand 2,130 4,350
2,419,011 1,929,108
Creditors: Amounts Falling Due Within One Year 7 (18,737 ) (6,843 )
NET CURRENT ASSETS (LIABILITIES) 2,400,274 1,922,265
TOTAL ASSETS LESS CURRENT LIABILITIES 2,400,324 1,923,045
NET ASSETS 2,400,324 1,923,045
CAPITAL AND RESERVES
Called up share capital 8 51 51
Profit and Loss Account 2,400,273 1,922,994
SHAREHOLDERS' FUNDS 2,400,324 1,923,045
Page 1
Page 2
For the year ending 31 January 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 K Bateman
Director
29th October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Theta Master Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12170680 . The registered office is 361 Rayleigh Road, Leigh-On-Sea, SS9 5PS.
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. 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:
Freehold No Depreciation
Fixtures & Fittings 20% Straightline Method
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2025 50 3,672 3,722
As at 31 January 2026 50 3,672 3,722
Depreciation
As at 1 February 2025 - 2,942 2,942
Provided during the period - 730 730
As at 31 January 2026 - 3,672 3,672
Net Book Value
As at 31 January 2026 50 - 50
As at 1 February 2025 50 730 780
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 2,416,881 1,924,758
6. Current Asset Investments
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 660 661
Taxation and social security 18,077 6,182
18,737 6,843
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 51 51
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Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Kenneth Bateman 5,893 - 10,508 520 15,880
The above loan is unsecured, interest free and repayable on demand.
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