REGISTERED NUMBER: NI638286 (Northern Ireland)

Thompson Property Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company information

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

8

Directors:

Mr WJM Thompson

Mr D Thompson

Mr A Thompson

Registered office:

49 Market Street

Tandragee

Co Armagh

BT62 2BP

Registered number:

NI638286 (Northern Ireland)

Accountants:

Wylie Ruddell

Chartered Accountants

Armagh Business Centre

2 Loughgall Road

Armagh

BT61 7NH

Solicitors:

Thompson Mitchell

12-14 Mandeville Street

Portadown

Co Armagh

BT62 3NZ

Fixed assets

Investments

4

300,000

300,000

Investment property

5

1,593,330

1,593,330

1,893,330

1,893,330

Current assets

Receivables

6

4,578

71,768

Cash at bank

11,599

9,807

16,177

81,575

Payables

Amounts falling due within one year

7

(386,427

)

(631,736

)

Net current liabilities

(370,250

)

(550,161

)

Total assets less current liabilities

1,523,080

1,343,169

Payables

Amounts falling due after more than one year

8

(478,516

)

(540,520

)

Net assets

1,044,564

802,649

Capital and reserves

Called up share capital

9

300,000

300,000

Retained earnings

744,564

502,649

Shareholders' funds

1,044,564

802,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 11 November 2025 and were signed on its behalf by:

Mr D Thompson - Director

1.	Statutory information

Thompson Property Holdings Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Thompson Property Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Any 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 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.

Receivables

Short term receivables 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.

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Payables

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Financial Instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments:

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and and bank balances and amounts owed by related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

Investment property fair value

Investment properties are carried at fair value determined annually by the directors based on their experience and knowledge of the specific property and the market. Inevitably a degree of judgement is involved in establishing a fair value for each property as each is unique and value can only be reliably tested in the market itself.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 August 2024

and 31 July 2025

300,000

Net book value

At 31 July 2025

300,000

At 31 July 2024

300,000

The company's investments at the Statement of financial position date in the share capital of companies include the following:

Thompson Fuels Limited

Registered office: Northern Ireland

Nature of business: Fuel distributors

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

902,592

916,507

Profit for the year

209,085

11,006

5.	Investment property

Total

£

Fair value

At 1 August 2024

and 31 July 2025

1,593,330

Net book value

At 31 July 2025

1,593,330

At 31 July 2024

1,593,330

6.

Receivables: amounts falling due within one year

2025

2024

£

£

Trade receivables

4,578

2,970

Other receivables

-

68,798

4,578

71,768

7.

Payables: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

59,763

56,291

Trade payables

1,447

482

Amounts owed to group undertakings

758

-

Taxation and social security

21,308

15,928

Other payables

303,151

559,035

386,427

631,736

The bank loan is repayable over 15 years with interest being charged at 3% above bank base rate.

Bank loans and overdrafts are secured by the following:

(a) A first and only all monies debenture over all the assets and undertakings of the company.

(b) An unlimited cross company guarantee from each of Thompson Fuels Limited and Thompson Property Holdings Limited in respect of the liabilities of each other to the bank.

(c) A first legal charge over properties owned by the company.

8.

Payables: amounts falling due after more than one year

2025

2024

£

£

Bank loans

478,516

540,520

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

239,465

315,355

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300,000

Ordinary Shares

1

300,000

300,000

10.	Directors' advances, credits and guarantees

At the year end an amount of £296,297 (2024: £548,961) is owed to the directors. The loan does not bear interest and is repayable on demand.

11.	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.