Thornbury House Development and Investme - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09880226 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

THORNBURY HOUSE DEVELOPMENT AND

INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Schapira

Mr H Rottenberg

Mr J Berger

REGISTERED OFFICE:

105 Eade Road

OCC Building A

2nd Floor Unit 11D

London

N4 1TJ

REGISTERED NUMBER:

09880226 (England and Wales)

ACCOUNTANTS:

DAS Accounting Services Ltd

105 Eade Road

OCC Building A

2nd Floor Unit 11D

London

N4 1TJ

FIXED ASSETS

Investment property

5

130,000

130,000

CURRENT ASSETS

Debtors

6

2,691,551

2,698,724

Cash at bank

594

359

2,692,145

2,699,083

CREDITORS

Amounts falling due within one year

7

(84,502

)

(77,431

)

NET CURRENT ASSETS

2,607,643

2,621,652

TOTAL ASSETS LESS CURRENT LIABILITIES

2,737,643

2,751,652

CREDITORS

Amounts falling due after more than one year

8

(37,219

)

(42,427

)

NET ASSETS

2,700,424

2,709,225

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,700,324

2,709,125

SHAREHOLDERS' FUNDS

2,700,424

2,709,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:

Mr S Schapira - Director

1.	STATUTORY INFORMATION

Thornbury House Development and Investments 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit and loss.

Judgements and key sources of estimation uncertainty

Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment property is valued by the directors. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

and 30 April 2023

130,000

NET BOOK VALUE

At 30 April 2023

130,000

At 30 April 2022

130,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

2,656,394

2,662,994

Other debtors

35,157

35,730

2,691,551

2,698,724

Other debtors include amounts aggregating £35,157 (2022: £35,157) owed from companies having directors in common with the company.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,208

5,080

Trade creditors

7,018

15,141

Other creditors

72,276

57,210

84,502

77,431

Other creditors include an amount of £65,065 (2022: £50,000) owed to a company having directors in common with the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

37,219

42,427

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

15,859

21,594

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

Other than the amounts disclosed elsewhere in the financial statements, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

11.	PARENT COMPANY AND CONTROLLING PARTY

The company is controlled by its parent undertaking, Thornbury Developments Limited, a company incorporated in England and Wales. The address of the registered office of Thornbury Developments Limited is 105 Eade Road, OCC Building A, 2nd Floor, Unit 11D, London N4 1TJ.