Thameslink Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10596212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

THAMESLINK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O Kehoe

Mrs M Kehoe

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

10596212 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

5,125,000

CURRENT ASSETS

Cash at bank

79,948

20,186

CREDITORS

Amounts falling due within one year

5

88,245

56,755

NET CURRENT LIABILITIES

(8,297

)

(36,569

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,116,703

5,088,431

CREDITORS

Amounts falling due after more than one
year

6

5,055,772

5,095,772

NET ASSETS/(LIABILITIES)

60,931

(7,341

)

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

60,930

(7,342

)

SHAREHOLDERS' FUNDS

60,931

(7,341

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2020 and were
signed on its behalf by:

Mr O Kehoe - Director

1.	STATUTORY INFORMATION

Thameslink Properties Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date

the rental period occurred. This is stated after trade discounts and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2019

and 29 February 2020

5,125,000

NET BOOK VALUE

At 29 February 2020

5,125,000

At 28 February 2019

5,125,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

Tax

7,470

-

Other creditors

-

10,555

Amount due to related company

60,000

30,000

Directors' current accounts

4,875

300

Accrued expenses

15,900

88,245

56,755

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

29.2.20

28.2.19

£

Bank loans (see note 7)

1,710,000

1,750,000

Other loans (see note 7)

3,345,772

5,055,772

5,095,772

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Oyster Wharf Properties Ltd-

Parent company

3,345,772

Repayable by instalments

Bank loans more 5 yr by instal

1,710,000

1,750,000

7.

LOANS

An analysis of the maturity of loans is given below:

29.2.20

28.2.19

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Oyster Wharf Properties Ltd-

Parent company

3,345,772

Repayable by instalments

Bank loans more 5 yr by instal

1,710,000

1,750,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.20

28.2.19

value:

£

1

Ordinary share capital

1

9.

CONTROL

The company is wholly owned by Oyster Wharf Properties Ltd.

Thameslink Properties Limited - Accounts to registrar (filleted) - small 18.2

Thameslink Properties Limited - Accounts to registrar (filleted) - small 18.2