Joshua Thomas Finance Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 11988364

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		80,348		102,655

			80,348		102,655
CURRENT ASSETS
Debtors	5	257,869		183,369
Cash at bank and in hand		76,178		79,829

		334,047		263,198
Creditors: Amounts Falling Due Within One Year	6	(70,562 )		(74,543 )

NET CURRENT ASSETS (LIABILITIES)			263,485		188,655

TOTAL ASSETS LESS CURRENT LIABILITIES			343,833		291,310

Creditors: Amounts Falling Due After More Than One Year	7		(58,414 )		(67,016 )

NET ASSETS			285,419		224,294

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			285,418		224,293

SHAREHOLDERS' FUNDS			285,419		224,294

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Broad

Director

17/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Joshua Thomas Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11988364 . The registered office is 34 Aldworth Avenue, Wantage, Oxfordshire, OX12 7EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33.3% straight line
Motor Vehicles	25% straight line
Computer Equipment	33.3% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Joshua Thomas Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2024	29,370	109,637	3,922	142,929
Additions	1,308	-	501	1,809

As at 31 May 2025	30,678	109,637	4,423	144,738

Depreciation
As at 1 June 2024	14,431	22,159	3,684	40,274
Provided during the period	10,226	13,604	286	24,116

As at 31 May 2025	24,657	35,763	3,970	64,390

Net Book Value
As at 31 May 2025	6,021	73,874	453	80,348

As at 1 June 2024	14,939	87,478	238	102,655

5. Debtors

	2025	2024
	£	£
Due within one year
Due after more than one year
Intercompany Loan - Broad Residential Ltd	1,000	-
Intercompany Loan - Rewcastle Homes Ltd	125,662	58,162
Intercompany Loan - Joshua Thomas Homes Ltd	131,207	125,207

	257,869	183,369

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,601	8,601
Corporation tax	47,414	33,656
Accruals and deferred income	-	10,000
Directors' loan accounts	14,547	22,286

	70,562	74,543

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	58,414	67,016

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Joshua Thomas Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,621	14,621
Later than one year and not later than five years	61,528	76,150

	76,149	90,771
Less: Finance charges allocated to future periods	9,134	15,154

	67,015	75,617

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Joshua Thomas Homes Limited

Joshua Thomas Homes Limited is a company under common control. The loan advanced to the company during the year, as disclosed in note 5, is unsecured, interest free and repayable after one year.

Rewcastle Homes Limited

Rewcastle Homes Limited is a company of which Joshua Rewcastle is also a Director. The loan advanced to the company during the year, as disclosed in note 5, is unsecured, interest free and repayable after one year.

Broad Residential Limited

Broad Residential Limited is a company of which Thomas Broad is also a Director. The loan advanced to the company during the year, as disclosed in note 5, is unsecured, interest free and repayable after one year.

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