Thornlake Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 01868389

Thornlake Limited

Filleted Unaudited Accounts

31 May 2023

Thornlake Limited

Statement of Financial Position

31 May 2023

	2023		2022
Note	£	£	£

Current assets

Stocks	586,095	555,633
Cash at bank and in hand	11,208	46,964
	---------	---------
	597,303	602,597

Creditors: amounts falling due within one year	4	( 3,000)		( 1,500)
		---------		---------
Net current assets			594,303	601,097
			---------	---------
Total assets less current liabilities			594,303	601,097
			---------	---------
Net assets			594,303	601,097
			---------	---------

Capital and reserves

Called up share capital	5	300	100
Profit and loss account		594,003	600,997
		---------	---------
Shareholders funds		594,303	601,097
		---------	---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- 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 were approved by the board of directors and authorised for issue on 16 August 2023 , and are signed on behalf of the board by:

S L Joberns

Director

Company registration number: 01868389

Thornlake Limited

Notes to the Accounts

Year ended 31 May 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DQ.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover for the year represents sales of stock market securities, interest received and dividend income.

Stocks

The stock market securities held as stock of trade are valued at the lower of cost and net realisable value.

4. Creditors: amounts falling due within one year

	2023	2022
	£	£
Other creditors	3,000	1,500
	-------	-------

5. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	300	300	100	100
	----	----	----	----

6. Related party transactions

There was no overall controlling party during the year. No further transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 Section 1A.