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REGISTERED NUMBER: 01161276 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 November 2025

for

Thomson Limited

Thomson Limited (Registered number: 01161276)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Thomson Limited (Registered number: 01161276)

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 617,800 |  | 566,238 |  |

Investments | 5 | 179,102 |  | 179,102 |  |

Investment property | 6 | 1,055,916 |  | 674,521 |  |

1,852,818 |  | 1,419,861 |  |

CURRENT ASSETS

Debtors: amounts falling due within one year | 7 | 1,505,892 |  | 1,040,103 |  |

Cash at bank | 4,444,544 |  | 5,069,564 |  |

5,950,436 |  | 6,109,667 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,132,333 |  | 1,041,601 |  |

NET CURRENT ASSETS | 4,818,103 |  | 5,068,066 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,670,921 |  | 6,487,927 |  |

PROVISIONS FOR LIABILITIES | 142,215 |  | 132,992 |  |

NET ASSETS | 6,528,706 |  | 6,354,935 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 5,000 |  | 5,000 |  |

Retained earnings | 6,523,706 |  | 6,349,935 |  |

SHAREHOLDERS' FUNDS | 6,528,706 |  | 6,354,935 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Thomson Limited (Registered number: 01161276)

Balance Sheet - continued

30 November 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

R A J Thomson - Director

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | COMPANY INFORMATION

| Thomson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 01161276

| Registered office: | Monk Fryston Park

| Betteras Hill Road

| Nr South Milford

| LS25 5PF

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.

| The functional and presentational currency of the company is considered to be pounds sterling.

| Related party exemption

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.

| Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion and the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Amounts recoverable on contracts

| Where the outcome of a contract for services can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. Contract costs are recognised as expenses in the period in which they are incurred. The stage of completion is calculated by comparing costs incurred, mainly in relation to labour hours and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

| Amounts recoverable on contracts are recognised in debtors, as the amount recognised in turnover but not yet invoiced, to the extent that these amounts are considered recoverable.

| When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

| Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life as follows:

| Improvements to property |  | 10%-30% on cost |  |

| Plant and machinery |  | 20% on cost |  |

| Fixtures and fittings |  | 10%-30% on cost |  |

| Motor vehicles |  | 25% on cost |  |

| Computer equipment |  | 20%-25% on cost |  |

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

| The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

| The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

| Investment property

| Investment property for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any charge recognised in the profit and loss account.

| Taxation

| Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| 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 that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

| Leasing commitments

| Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and that of directors' personal pension schemes are charged to profit or loss in the period to which they relate.

| 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.

| Investments

| Investments in subsidiaries are measured at cost less impairment.

| Where the value of other investments can be reliably measured and amounts are materially different from historical cost, they are measured at fair value through the profit and loss account. Where fair value cannot be measured reliably other investments are measured at cost less impairment.

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Financial liabilities and assets 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.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors, other loans receivable, directors current accounts, accruals and inter-company balances (being repayable on demand).

| Trade debtors, other debtors, cash and bank balances, trade creditors, other creditors, other loans receivable (present value of future payment), directors current accounts, accruals and inter-company balances (being repayable on demand) are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of assets

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

| Non financial assets

| An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| Financial assets

| For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

| Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

| Critical accounting judgements and sources of estimation uncertainty

| In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The critical judgements that the directors have made in applying the company's accounting policies and the key sources of estimation uncertainty that have had the most significant effect on the amounts recognised in the financial statements are described below:

| Investment property

| The company makes an estimate of the fair value of investment property at each reporting date. The last valuation of the company's investment property portfolio was performed at 30 November 2024. The directors undertake a review of the property at each reporting date to assess whether the fair value has changed significantly since the previous reporting date. When assessing the fair values, management considers current commercial property trends and rental yields.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 11 ) .

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024 | 1,384,895 |  |

| Additions | 140,756 |  |

| Disposals | (157,192 | ) |

| At 30 November 2025 | 1,368,459 |  |

| DEPRECIATION

| At 1 December 2024 | 818,657 |  |

| Charge for year | 87,057 |  |

| Eliminated on disposal | (155,055 | ) |

| At 30 November 2025 | 750,659 |  |

| NET BOOK VALUE

| At 30 November 2025 | 617,800 |  |

| At 30 November 2024 | 566,238 |  |

5. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 317,991 |  |

| PROVISIONS

| At 1 December 2024

| and 30 November 2025 | 138,889 |  |

| NET BOOK VALUE

| At 30 November 2025 | 179,102 |  |

| At 30 November 2024 | 179,102 |  |

| Subsidiary |  | Vintage |  |

| undertakings |  | car |  | Total |  |

| £ |  | £ |  | £ |  |  |

| Cost and net book amount: |

| At 30 November 2025 | 145,002 |  | 34,100 |  | 179,102 |

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2024 | 674,521 |  |

| Additions | 381,395 |  |

| At 30 November 2025 | 1,055,916 |  |

| NET BOOK VALUE

| At 30 November 2025 | 1,055,916 |  |

| At 30 November 2024 | 674,521 |  |

| The historical cost of the investment property is £674,521.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,027,571 |  | 311,451 |  |

| Amounts recoverable on contract | 131,435 |  | 222,861 |  |

| Other debtors | 346,886 |  | 505,791 |  |

1,505,892 |  | 1,040,103 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 340,800 |  | 159,776 |  |

| Amounts owed to group undertakings | 145,002 |  | 145,002 |  |

| Taxation and social security | 478,346 |  | 425,472 |  |

| Other creditors | 168,185 |  | 311,351 |  |

1,132,333 |  | 1,041,601 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 87,816 |  | 87,816 |  |

| Between one and five years | 4,608 |  | 20,425 |  |

92,424 |  | 108,241 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |

Thomson Limited (Registered number: 01161276)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025 | 2024 |

£ | £ |

| E C Kaiser

| Balance outstanding at start of year | - |  | 15,422 |  |

| Amounts repaid | - |  | (15,422 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |