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REGISTERED NUMBER: 07839720

Unaudited Financial Statements for the Year Ended 30th September 2025

for

Thomas Gray Limited

Thomas Gray Limited (Registered number: 07839720)

Contents of the Financial Statements

for the Year Ended 30th September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Thomas Gray Limited

Company Information

for the Year Ended 30th September 2025

| DIRECTORS: | I W Gray

| Mrs J D Gray

| REGISTERED OFFICE: | Ground Floor

| Crest House

| 53 Station Road

| Egham

| Surrey

| TW20 9LG

| REGISTERED NUMBER: | 07839720

| ACCOUNTANTS: | Veritas Accountants & Advisory Limited

| The Lexicon

| Mount Street

| Manchester

| M2 5NT

Thomas Gray Limited (Registered number: 07839720)

Balance Sheet

30th September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 386,969 |  | 547,094 |  |

Tangible assets | 5 | 37,970 |  | 49,531 |  |

424,939 |  | 596,625 |  |

CURRENT ASSETS

Debtors | 6 | 194,133 |  | 329,085 |  |

Cash at bank and in hand | 293,386 |  | 280,244 |  |

487,519 |  | 609,329 |  |

CREDITORS

Amounts falling due within one year | 7 | 585,072 |  | 666,156 |  |

NET CURRENT LIABILITIES | (97,553 | ) | (56,827 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 327,386 |  | 539,798 |  |

PROVISIONS FOR LIABILITIES | 292 |  | 2,424 |  |

NET ASSETS | 327,094 |  | 537,374 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 600 |  | 600 |  |

Retained earnings | 326,494 |  | 536,774 |  |

SHAREHOLDERS' FUNDS | 327,094 |  | 537,374 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th February 2026 and were signed on its behalf by:

I W Gray - Director

Thomas Gray Limited (Registered number: 07839720)

Notes to the Financial Statements

for the Year Ended 30th September 2025

1. | COMPANY INFORMATION

| Thomas Gray Limited is a private company, limited by shares , registered in Not specified/Other. 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.

| Turnover

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

| Revenue from the provision of professional services is recognised on delivery of the service.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

| Taxation

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

| Pension costs and other post-retirement benefits

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

Thomas Gray Limited (Registered number: 07839720)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 10 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st October 2024

| and 30th September 2025 | 2,135,000 |  |

| AMORTISATION

| At 1st October 2024 | 1,587,906 |  |

| Amortisation for year | 160,125 |  |

| At 30th September 2025 | 1,748,031 |  |

| NET BOOK VALUE

| At 30th September 2025 | 386,969 |  |

| At 30th September 2024 | 547,094 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st October 2024 | 48,277 |  | 86,569 |  | 34,948 |  | 169,794 |  |

| Additions | - |  | - |  | 4,904 |  | 4,904 |  |

| At 30th September 2025 | 48,277 |  | 86,569 |  | 39,852 |  | 174,698 |  |

| DEPRECIATION

| At 1st October 2024 | 24,138 |  | 61,923 |  | 34,202 |  | 120,263 |  |

| Charge for year | 12,070 |  | 3,697 |  | 698 |  | 16,465 |  |

| At 30th September 2025 | 36,208 |  | 65,620 |  | 34,900 |  | 136,728 |  |

| NET BOOK VALUE

| At 30th September 2025 | 12,069 |  | 20,949 |  | 4,952 |  | 37,970 |  |

| At 30th September 2024 | 24,139 |  | 24,646 |  | 746 |  | 49,531 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade debtors | 186,026 |  | 316,290 |  |

| Other debtors | 240 |  | 240 |  |

| Wages control | 89 |  | 194 |  |

| Prepayments | 7,778 |  | 12,361 |  |

194,133 |  | 329,085 |  |

Thomas Gray Limited (Registered number: 07839720)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade creditors | 3,909 |  | 36,334 |  |

| Tax | 226,342 |  | 269,840 |  |

| Social security and other taxes | 16,085 |  | 24,436 |  |

| VAT | 85,958 |  | 84,147 |  |

| Other creditors | 18,578 |  | 19,309 |  |

| Pension creditor | 4,029 |  | 1,919 |  |

| Directors' current accounts | 222,821 |  | 222,821 |  |

| Accrued expenses | 7,350 |  | 7,350 |  |

585,072 |  | 666,156 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 6,000 | Ordinary | £0.10 | 600 |  | 600 |  |

| On 11 August 2022 each share class was sub-divided into £0.10 shares increasing the number of shares in

| issue from 600 to 6,000. On the same day, the Ordinary A, B and C shares were each re-designated as

| Ordinary shares of £0.1 each.

| The rights of the Ordinary A, B and C shares are varied by their re-designation into ordinary shares. The

| Ordinary shares have attached to them full voting, dividend and capital distribution rights; They do not confer

| any rights of redemption.

| On 11 August 2022 the entire share capital of the company was purchased by Thomas Gray EOT Limited as

| trustees of the Thomas Gray Employee Ownership Trust.

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| As Directors of Thomas Gray Limited and Thomas Gray EOT Limited, Mr Ian Gray is considered a related party. During the period, the company operated a loan account with the director I Gray. At the balance sheet date, the company owed £222,821 to the director (2024: 222,821). During the period, I Gray withdrew £Nil (2024: £Nil) and repaid £Nil (2024: £Nil). This balance is included within other creditors and is unsecured, interest free and repayable on demand.

10. | RELATED PARTY DISCLOSURES

| During the period, the company operated a loan account with IWG Consulting Limited Liability Partnership; a related party by virtue of common control. At the balance sheet date, the company owed £4,982.73 (2024: £5,134).

| During the period, the company incurred expenses on behalf of IWG Consulting Limited Liability Partnership of £151 (2024: £125) and received monies from the partnership of £Nil (2024: £NIL).

11. | ULTIMATE CONTROLLING PARTY

| The entire share capital of Thomas Gray Limited is registered in the name of Thomas Gray EOT Limited as trustees of the Thomas Gray employee ownership trust. The ultimate controlling party of the company are the trustee directors, Mr Ian Gray, Mr Jeremy Martell and Mr Matthew Revett, as they will each be exercising “significant influence or control” over the trustee company.