Thomdell Developments Limited - Accounts to registrar (filleted) - small 23.2.5
Thomdell Developments Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2023 |
| for |
| Thomdell Developments Limited |
| Thomdell Developments Limited (Registered number: 07670085) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Thomdell Developments Limited |
| Company Information |
| for the Year Ended 30 June 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Statutory Auditors |
| 144-146 Kings Cross Road |
| London |
| WC1X 9DU |
| Thomdell Developments Limited (Registered number: 07670085) |
| Statement of Financial Position |
| 30 June 2023 |
| 30.6.23 | 30.6.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 |
| 9 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Thomdell Developments Limited (Registered number: 07670085) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| Thomdell Developments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Investment - 100% holding in Thomdell Developments (2) Limited and Thomdell Group Ltd |
| Thomdell Developments Limited (Registered number: 07670085) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Kingdon loan account |
| Temple Sqr loan account | 200,000 | 200,000 |
| Thomdell group loan account | 380,832 | 336,084 |
| Portcullis loan account | 10,682 | 682 |
| Directors' current accounts | - | 169,338 |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Trade creditors |
| Corporation Tax |
| Steve Loan Acc - Initial - 1 | 1,500 | 1,500 |
| Jocelyn Loan Acc - Initial - 4 | 1,500 | 1,500 |
| Other Creditors | 100 | 100 |
| Rent deposit | 5,842 | 5,842 |
| Paul Thomas | 8,180,123 | 8,180,123 |
| Thomdell 2 Loan Account | 346,316 | 426,809 |
| Paul loan interest | 1,105,808 | 615,001 |
| Directors' current accounts | 500 | - |
| Directors' loan accounts | - | 499,954 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2022 |
| Deficit for the year | ( |
) |
| At 30 June 2023 |
| 8. | RELATED PARTY DISCLOSURES |
| The company holds 100% share capital of Thomdell Developments (2) Limited and Thomdell Group Ltd, companies registered in England and Wales. Ms Jocelyn Thomas and Mr Steven Riddell are the controlling parties jointly. |
| 9. | RECONCILIATION OF MOVEMENTS IN RESERVES |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Loss for the financial year | ( |
) | ( |
) |
| Net reduction of reserves | (154,848 | ) | (407,742 | ) |
| Opening reserves | 1,104,441 | 1,512,183 |
| Closing reserves | 949,593 | 1,104,441 |