Company registration number 00289577 (England and Wales)
THOMAS JONES & SONS (LIVERPOOL) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THOMAS JONES & SONS (LIVERPOOL) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
THOMAS JONES & SONS (LIVERPOOL) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
218
515
Investments
4
16,212
16,461
16,430
16,976
Current assets
Stocks
5,259,518
4,786,514
Debtors
5
617,495
1,549,015
Cash at bank and in hand
283
4,476
5,877,296
6,340,005
Creditors: amounts falling due within one year
6
(799,607)
(1,416,296)
Net current assets
5,077,689
4,923,709
Net assets
5,094,119
4,940,685
Capital and reserves
Called up share capital
30,000
30,000
Profit and loss reserves
5,064,119
4,910,685
Total equity
5,094,119
4,940,685

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 January 2026 and are signed on its behalf by:
D. Lloyd-Jones
Director
Company registration number 00289577 (England and Wales)
THOMAS JONES & SONS (LIVERPOOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Thomas Jones & Sons (Liverpool) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Red House, Pepper Street, Snelson, Chelford, Cheshire, SK11 9BG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the Profit and Loss Account represents the sale of properties and associated extras net of VAT and trade deductions.

Revenue from the sale of properties is recognised when the significant risks and rewards of ownership of the properties have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold Property
20% per annum
Plant and machinery
20% per annum
Motor vehicles
20% per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

THOMAS JONES & SONS (LIVERPOOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Development land and properties in the course of construction are valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of development land properties in the course of construction.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THOMAS JONES & SONS (LIVERPOOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more or a right to pay less tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of work in progress or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

THOMAS JONES & SONS (LIVERPOOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Leasehold Property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
26,122
41,020
28,009
95,151
Disposals
-
0
(15,418)
-
0
(15,418)
At 31 March 2025
26,122
25,602
28,009
79,733
Depreciation and impairment
At 1 April 2024
26,122
40,505
28,009
94,636
Depreciation charged in the year
-
0
264
-
0
264
Eliminated in respect of disposals
-
0
(15,385)
-
0
(15,385)
At 31 March 2025
26,122
25,384
28,009
79,515
Carrying amount
At 31 March 2025
-
0
218
-
0
218
At 31 March 2024
-
0
515
-
0
515
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
16,212
16,461
THOMAS JONES & SONS (LIVERPOOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024 & 31 March 2025
16,461
Carrying amount
At 31 March 2025
16,461
At 31 March 2024
16,461
Error! Does not agree to TB:
16,212
Difference
249
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
15,084
32,850
Corporation tax recoverable
49,365
36,673
Other debtors
173,934
929,587
238,383
999,110
Amounts falling due after more than one year:
Other debtors
379,112
549,905
Total debtors
617,495
1,549,015
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank overdraft
163,363
508,926
Trade creditors
126,229
250,715
Corporation tax
64,279
26,097
Other taxation and social security
12,589
10,686
Other creditors
433,147
619,872
799,607
1,416,296

THOMAS JONES & SONS (LIVERPOOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Paul Durrance
Statutory Auditor:
Mitchell Charlesworth (Audit) Limited
Date of audit report:
28 January 2026
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
62,664
113,735
9
Related party transactions

The balance due from the David Lloyd Jones Investment Discretionary Trust, a related party due to common control, at 31 March 202 5 was £142,696 (202 4: £142,696).

The balance owed from Glade Housing Limited, a company related by virtue of common control, to the company at 31 March 2025 was £377,270 (202 4: £549,905).

The balance owed from Glade Rentals LLP, a partnership related by virtue of common control, to the company at 31 March 2025 was £4,803 (202 4: £nil).

2025-03-31 2024-04-01 false false false 28 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity S.D.C. Lloyd-Jones D. Lloyd-Jones J. Lloyd-Jones F. Lloyd-Jones F. Lloyd- Jones 00289577 2024-04-01 2025-03-31 00289577 2025-03-31 00289577 2024-03-31 00289577 core:LandBuildings 2025-03-31 00289577 core:PlantMachinery 2025-03-31 00289577 core:MotorVehicles 2025-03-31 00289577 core:LandBuildings 2024-03-31 00289577 core:PlantMachinery 2024-03-31 00289577 core:MotorVehicles 2024-03-31 00289577 core:CurrentFinancialInstruments 2025-03-31 00289577 core:CurrentFinancialInstruments 2024-03-31 00289577 core:ShareCapital 2025-03-31 00289577 core:ShareCapital 2024-03-31 00289577 core:RetainedEarningsAccumulatedLosses 2025-03-31 00289577 core:RetainedEarningsAccumulatedLosses 2024-03-31 00289577 bus:Director2 2024-04-01 2025-03-31 00289577 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 00289577 core:PlantMachinery 2024-04-01 2025-03-31 00289577 core:MotorVehicles 2024-04-01 2025-03-31 00289577 2023-04-01 2024-03-31 00289577 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 00289577 core:PlantMachinery 2024-03-31 00289577 core:MotorVehicles 2024-03-31 00289577 2024-03-31 00289577 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 00289577 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00289577 core:Non-currentFinancialInstruments 2025-03-31 00289577 core:Non-currentFinancialInstruments 2024-03-31 00289577 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00289577 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00289577 bus:FRS102 2024-04-01 2025-03-31 00289577 bus:Audited 2024-04-01 2025-03-31 00289577 bus:Director1 2024-04-01 2025-03-31 00289577 bus:Director3 2024-04-01 2025-03-31 00289577 bus:Director4 2024-04-01 2025-03-31 00289577 bus:CompanySecretary1 2024-04-01 2025-03-31 00289577 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP