Thames Contemporary Homes (Oval) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02069607

Financial Statements

for the Year Ended 31st December 2022

for

THAMES CONTEMPORARY HOMES (OVAL) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

V Khanna

A E Khanna

K P Khanna

N N Khanna

SECRETARY:

K Jeyavarathan

REGISTERED OFFICE:

North Farm Industrial Estate

Longfield Road

Tunbridge Wells

Kent

TN2 3EY

REGISTERED NUMBER:

02069607

SENIOR STATUTORY AUDITOR:

Alasdair Weaks

AUDITORS:

Simpson Wreford & Partners

Chartered Accountants & Statutory Auditors

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

BANKERS:

NatWest

250 Regent Street

Soho

London

W1B 3BN

CURRENT ASSETS

Debtors

4

1,002,747

915,444

Cash at bank

20,829

67,271

1,023,576

982,715

CREDITORS

Amounts falling due within one year

5

949,835

88,955

NET CURRENT ASSETS

73,741

893,760

TOTAL ASSETS LESS CURRENT LIABILITIES

73,741

893,760

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

73,641

893,660

SHAREHOLDERS' FUNDS

73,741

893,760

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd May 2023 and were signed on its behalf by:

K P Khanna - Director

1.	STATUTORY INFORMATION

The company 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises ground rent and other rent receivable and is recognised when due. Any amounts received in advance or arrears are included in deferred or accrued income as applicable.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Finance and borrowing costs

Finance costs are charged to the income statement over the term of the debt using the effective interest method, so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

All borrowing costs are recognised in the income statement in the year in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Amounts owed by group undertakings

999,242

904,899

Prepayments and accrued income

3,505

10,545

1,002,747

915,444

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

1,348

749

Amounts owed to group undertakings

900,000

-

Tax

18,761

29,285

Other creditors

20,174

29,605

Accruals and deferred income

9,552

29,316

949,835

88,955

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

100

Ordinary

£1

100

100

There are no restrictions on the distribution of dividends and the repayment of capital.

7.	AUDITORS' INFORMATION

The audit report provided to the members of Thames Contemporary Homes (Oval) Limited on the financial statements for the year ended 31st December 2022 was not qualified.

The audit report was signed by Alasdair Weaks (Senior Statutory Auditor) for and on behalf of Simpson Wreford & Partners, Chartered Accountants and Statutory Auditor.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

On 31 December 2022, a group reconstruction was undertaken whereby Thames Motor Group Limited became the immediate and ultimate parent company of Thames Contemporary Homes (Oval) Limited. The business combination was undertaken on a share for share basis whereby the ultimate shareholders remained the same, the respective rights of each shareholder, relative to others, remained unchanged and no other interest in the net assets of the group was altered by the transfer of ownership.

As a result, the ultimate parent company is Thames Motor Group Limited, a company registered in England and Wales.

The ultimate controlling party is Mr V Khanna, a director.

Thames Motor Group Limited prepares consolidated financial statements and copies can be obtained from its registered office address, North Farm Industrial Estate, Longfield Road, Tunbridge Wells, Kent, TN2 3EY.