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REGISTERED NUMBER: 06749172 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

S THOMPSON LIMITED

| S THOMPSON LIMITED (REGISTERED NUMBER: 06749172) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Report of the Accountants | 6 |

| S THOMPSON LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | S D Thompson

| Mrs C A Thompson

| REGISTERED OFFICE: | Cark House Cottage

| Cark-In-Cartmel

| Grange-Over-Sands

| Cumbria

| LA11 7PE

| REGISTERED NUMBER: | 06749172 (England and Wales)

| ACCOUNTANTS: | Smith Wilson Limited

| 2A Acomb Court

| Acomb

| York

| North Yorkshire

| YO24 3BJ

| S THOMPSON LIMITED (REGISTERED NUMBER: 06749172) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,758 |  | 5,012 |  |

CURRENT ASSETS

Stocks | 5 | 77,500 |  | 76,568 |  |

Cash at bank | 7,982 |  | 2,606 |  |

85,482 |  | 79,174 |  |

CREDITORS

Amounts falling due within one year | 6 | 121,223 |  | 84,955 |  |

NET CURRENT LIABILITIES | (35,741 | ) | (5,781 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (31,983 | ) | (769 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 3,131 |  | - |  |

NET LIABILITIES | (35,114 | ) | (769 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | (35,116 | ) | (771 | ) |

SHAREHOLDERS' FUNDS | (35,114 | ) | (769 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 6 October 2025 and were signed on its behalf by:

S D Thompson - Director

| S THOMPSON LIMITED (REGISTERED NUMBER: 06749172) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| S Thompson 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.

| 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.

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| S THOMPSON LIMITED (REGISTERED NUMBER: 06749172) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 49,938 |  | 18,295 |  | 2,356 |  | 70,589 |  |

| DEPRECIATION

| At 1 April 2024 | 47,055 |  | 16,856 |  | 1,666 |  | 65,577 |  |

| Charge for year | 721 |  | 360 |  | 173 |  | 1,254 |  |

| At 31 March 2025 | 47,776 |  | 17,216 |  | 1,839 |  | 66,831 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,162 |  | 1,079 |  | 517 |  | 3,758 |  |

| At 31 March 2024 | 2,883 |  | 1,439 |  | 690 |  | 5,012 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 2,500 |  | 1,568 |  |

| Work-in-progress | 75,000 |  | 75,000 |  |

77,500 |  | 76,568 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans | 8,863 |  | 20,139 |  |

| Trade creditors | - |  | 2,500 |  |

| Social security and other taxes | 1,490 |  | 967 |  |

| VAT | 7,265 |  | 9,162 |  |

| Thompson Properties NY Loan | 14,500 |  | 3,613 |  |

| Directors' current accounts | 85,780 |  | 45,249 |  |

| Accruals and deferred income | 3,325 |  | 3,325 |  |

121,223 |  | 84,955 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans - 1-2 years | 3,131 |  | - |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| Mrs C A Thompson

| Balance outstanding at start of year | (5,404 | ) | (18,055 | ) |

| Amounts advanced | - |  | 4,041 |  |

| Amounts repaid | (37,486 | ) | 8,610 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (42,890 | ) | (5,404 | ) |

| S THOMPSON LIMITED (REGISTERED NUMBER: 06749172) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| S D Thompson

| Balance outstanding at start of year | (5,405 | ) | (18,056 | ) |

| Amounts advanced | - |  | 4,041 |  |

| Amounts repaid | (37,485 | ) | 8,610 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (42,890 | ) | (5,405 | ) |

| S THOMPSON LIMITED |

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

S THOMPSON LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Smith Wilson Limited

2A Acomb Court

Acomb

York

North Yorkshire

YO24 3BJ

6 October 2025