THORNE HOLDINGS LIMITED

THORNE HOLDINGS LIMITED

THORNE HOLDINGS LIMITED - Company Information

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1 August 2020 false No description of principal activity Taxfiler 2021.20 02111219business:PrivateLimitedCompanyLtd2020-08-012021-07-31 021112192020-07-31 021112192020-08-012021-07-31 02111219business:AuditExemptWithAccountantsReport2020-08-012021-07-31 02111219business:FullAccounts2020-08-012021-07-31 021112192021-07-31 02111219business:Director12020-08-012021-07-31 02111219business:Director22020-08-012021-07-31 02111219business:RegisteredOffice2020-08-012021-07-31 02111219core:WithinOneYear2021-07-31 02111219core:AfterOneYear2021-07-31 02111219core:ShareCapital2021-07-31 02111219core:RevaluationReserve2021-07-31 02111219core:RetainedEarningsAccumulatedLosses2021-07-31 02111219business:SmallEntities2020-08-012021-07-31 02111219countries:EnglandWales2020-08-012021-07-31 02111219core:ComputerEquipment2020-08-012021-07-31 02111219core:IntangibleAssetsOtherThanGoodwill2020-07-31 02111219core:IntangibleAssetsOtherThanGoodwill2021-07-31 02111219core:LandBuildings2020-07-31 02111219core:PlantMachinery2020-07-31 02111219core:ComputerEquipment2020-07-31 02111219core:LandBuildings2021-07-31 02111219core:PlantMachinery2021-07-31 02111219core:ComputerEquipment2021-07-31 02111219core:LandBuildings2020-08-012021-07-31 02111219core:PlantMachinery2020-08-012021-07-31 iso4217:GBP xbrli:pure
Company Registration No. 02111219 (England and Wales)
THORNE HOLDINGS LIMITED Unaudited accounts for the year ended 31 July 2021
THORNE HOLDINGS LIMITED Unaudited accounts Contents
Page
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THORNE HOLDINGS LIMITED Company Information for the year ended 31 July 2021
Directors
David Thorne Andrew Thorne
Company Number
02111219 (England and Wales)
Registered Office
1 WINE STREET BRISTOL BS1 2BB
Accountants
WinstoneGreen Ltd 137 Watleys End Road Bristol Avon BS36 1QQ
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THORNE HOLDINGS LIMITED Statement of financial position as at 31 July 2021
2021 
Notes
£ 
Fixed assets
Intangible assets
4
696 
Tangible assets
5
3,178,392 
3,179,088 
Current assets
Debtors
6
316,233 
Cash at bank and in hand
(2,770)
313,463 
Creditors: amounts falling due within one year
7
(31,630)
Net current assets
281,833 
Total assets less current liabilities
3,460,921 
Creditors: amounts falling due after more than one year
8
(356,964)
Provisions for liabilities
Deferred tax
(79,588)
Net assets
3,024,369 
Capital and reserves
Called up share capital
1,000 
Revaluation reserve
1,766,199 
Profit and loss account
1,257,170 
Shareholders' funds
3,024,369 
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2021 and were signed on its behalf by
David Thorne Director Company Registration No. 02111219
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THORNE HOLDINGS LIMITED Notes to the Accounts for the year ended 31 July 2021
1
Statutory information
THORNE HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02111219. The registered office is 1 WINE STREET, BRISTOL, BS1 2BB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2020
696 
At 31 July 2021
696 
Amortisation
At 1 August 2020
- 
At 31 July 2021
- 
Net book value
At 31 July 2021
696 
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THORNE HOLDINGS LIMITED Notes to the Accounts for the year ended 31 July 2021
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2020
3,170,865 
7,418 
556 
3,178,839 
At 31 July 2021
3,170,865 
7,418 
556 
3,178,839 
Depreciation
At 1 August 2020
- 
- 
336 
336 
Charge for the year
- 
- 
111 
111 
At 31 July 2021
- 
- 
447 
447 
Net book value
At 31 July 2021
3,170,865 
7,418 
109 
3,178,392 
6
Debtors: amounts falling due within one year
2021 
£ 
Trade debtors
11,381 
Other debtors
2,524 
13,905 
Debtors: amounts falling due after more than one year
Other debtors
302,328 
7
Creditors: amounts falling due within one year
2021 
£ 
Amounts owed to group undertakings and other participating interests
2,547 
Taxes and social security
4,888 
Loans from directors
22,755 
Accruals
1,440 
31,630 
8
Creditors: amounts falling due after more than one year
2021 
£ 
Bank loans
129,420 
Trade creditors
69,709 
Other creditors
155,435 
Accruals
2,400 
356,964 
9
Average number of employees
During the year the average number of employees was 2.
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