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REGISTERED NUMBER: 00180031 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

THORNTON BOBBY LIMITED

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THORNTON BOBBY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: A P Strange





REGISTERED OFFICE: 242 Northdown Road
Cliftonville
Margate
Kent
CT9 2QA





REGISTERED NUMBER: 00180031 (England and Wales)





ACCOUNTANTS: Percy Gore & Co
Chartered Accountants
39 Hawley Square
Margate
Kent
CT9 1NZ

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,889 106,449
Investments 5 9,485 9,485
Investment property 6 495,000 495,000
603,374 610,934

CURRENT ASSETS
Stocks 55,000 60,000
Debtors 7 11,434 30,451
Cash at bank and in hand 2,184 1,260
68,618 91,711
CREDITORS
Amounts falling due within one year 8 483,293 441,365
NET CURRENT LIABILITIES (414,675 ) (349,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,699

261,280

CREDITORS
Amounts falling due after more than one
year

9

(116,362

)

(129,051

)

PROVISIONS FOR LIABILITIES 11 (38,822 ) (41,268 )
NET ASSETS 33,515 90,961

CAPITAL AND RESERVES
Called up share capital 11,500 11,500
Revaluation reserve 12 61,474 61,244
Capital redemption reserve 12 2,500 2,500
Fair value reserve 12 267,067 264,851
Retained earnings 12 (309,026 ) (249,134 )
SHAREHOLDERS' FUNDS 33,515 90,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

BALANCE SHEET - continued
28 FEBRUARY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 November 2018 and were signed by:





A P Strange - Director


THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Thornton Bobby 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost or revalued amount
Equipment on hire - 17% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

When the freehold property 240 Northdown Road was purchased in 1998 , 2 Prices Avenue and 242 Northdown
Road was valued on an open market basis by the directors.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 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.

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Going concern
At the 28 February 2018 the company has net current liabilities of £414,675 and has incurred a loss for the
financial year of £57,446. The company has continued with a planned reduction of cost to reduce losses and
continues to plan to redevelop those parts of its property that are no longer required for retail operations as units
for residential letting. The director believes that as a result the company will be able to continue operating.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Equipment and Motor
property on hire fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2017
and 28 February 2018 160,000 70,332 27,502 20,603 278,437
DEPRECIATION
At 1 March 2017 60,800 64,708 27,071 19,409 171,988
Charge for year 3,200 3,975 86 299 7,560
At 28 February 2018 64,000 68,683 27,157 19,708 179,548
NET BOOK VALUE
At 28 February 2018 96,000 1,649 345 895 98,889
At 28 February 2017 99,200 5,624 431 1,194 106,449

Cost or valuation at 28 February 2018 is represented by:

Fixtures
Freehold Equipment and Motor
property on hire fittings vehicles Totals
£    £    £    £    £   
Valuation in 1998 80,000 - - - 80,000
Cost 80,000 70,332 27,502 20,603 198,437
160,000 70,332 27,502 20,603 278,437

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2017
and 28 February 2018 9,485
NET BOOK VALUE
At 28 February 2018 9,485
At 28 February 2017 9,485

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2017
and 28 February 2018 495,000
NET BOOK VALUE
At 28 February 2018 495,000
At 28 February 2017 495,000

Fair value at 28 February 2018 is represented by:

£   
Valuation in 2017 495,000

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 197,703 197,703

Investment property was valued on an open market basis on 28 February 2018 by the directors .

7. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 6,965 3,203
Other debtors 4,469 5,411
11,434 8,614

Amounts falling due after more than one year:
Other debtors - 21,837

Aggregate amounts 11,434 30,451

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 69,529 70,290
Trade creditors 13,655 40,669
Amounts owed to group undertakings 9,485 9,485
Taxation and social security 13,831 13,676
Other creditors 376,793 307,245
483,293 441,365

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 116,362 129,051

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than five
years by instalments 65,962 78,651
65,962 78,651

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 56,929 57,690
Bank loans 128,962 141,651
185,891 199,341

The bank loans and overdraft are secured by a fixed charge on the freehold property of the company.

11. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax
Deferred tax on fair value 30,230 32,446
Deferred tax on revaluation 8,592 8,822
38,822 41,268

THORNTON BOBBY LIMITED (REGISTERED NUMBER: 00180031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2017 41,268
Revaluation adjustment (230 )
Fair value adjustment (2,216 )
Balance at 28 February 2018 38,822

12. RESERVES
Capital Fair
Retained Revaluation redemption value
earnings reserve reserve reserve Totals
£    £    £    £    £   

At 1 March 2017 (249,134 ) 61,244 2,500 264,851 79,461
Deficit for the year (57,446 ) (57,446 )
Transfer P&L account (2,446 ) 230 - 2,216 -
At 28 February 2018 (309,026 ) 61,474 2,500 267,067 22,015

The movement in the revaluation reserve and fair value reserve to the profit and loss account is the current years
deferred tax movement.

13. SUBSIDIARY COMPANIES

The accounts do not include the figures of Thanet Mobile Vision Limited, a wholly owned subsidiary company,
as the directors consider that the net effect to the accounts would be immaterial.