REGISTERED NUMBER: 09345526 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Thomas James Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P.T. Horkan

P.J. Horkan

SECRETARY:

REGISTERED OFFICE:

Middle Floor

483 Green Lanes

Palmers Green

London

N13 4BS

REGISTERED NUMBER:

09345526 (England and Wales)

FIXED ASSETS

Tangible assets

4

13,975

18,634

Investment property

5

5,825,000

5,825,000

5,838,975

5,843,634

CURRENT ASSETS

Debtors

6

15,037

34,847

Cash at bank

61,513

27,980

76,550

62,827

CREDITORS

Amounts falling due within one year

7

220,225

218,118

NET CURRENT LIABILITIES

(143,675

)

(155,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,695,300

5,688,343

CREDITORS

Amounts falling due after more than one year

8

(3,586,270

)

(3,586,440

)

PROVISIONS FOR LIABILITIES

(484,340

)

(329,350

)

NET ASSETS

1,624,690

1,772,553

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

1,608,007

1,608,007

Retained earnings

16,583

164,446

SHAREHOLDERS' FUNDS

1,624,690

1,772,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by:

P.T. Horkan - Director

1.	STATUTORY INFORMATION

Thomas James Properties 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 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 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

33,501

DEPRECIATION

At 1 January 2024

14,867

Charge for year

4,659

At 31 December 2024

19,526

NET BOOK VALUE

At 31 December 2024

13,975

At 31 December 2023

18,634

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

5,825,000

NET BOOK VALUE

At 31 December 2024

5,825,000

At 31 December 2023

5,825,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

558,533

Valuation in 2017

491,126

Valuation in 2018

125,000

Valuation in 2019

762,699

Cost

3,887,642

5,825,000

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

31.12.24

31.12.23

£

£

Cost

3,887,642

3,887,642

Aggregate depreciation

(412,258

)

(373,382

)

Investment property was valued on an open market basis on 31 December 2024 by Mr P.T. Horkan, the company director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

15,037

34,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

169,224

169,020

Trade creditors

1

-

Taxation and social security

6,917

10,636

Other creditors

44,083

38,462

220,225

218,118

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,586,270

3,586,440

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,909,374

2,910,360

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

3,755,494

3,755,460

The company's bankers have secured their loans to the company by a charge over the company's freehold properties.

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

1,608,007

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £24,950) were paid to the directors .

A company director was owed an amount of £9.907 by the company at the beginning of the year. The director was owed £14,648 by the company at the year end date following a loan to the company of £4,741 during the year.

The directors loan is repayable on demand and the company intends to repay this loan in the short term.