THANE_HOUSE_PROPERTIES_LI

THANE HOUSE PROPERTIES LIMITED

REPORT OF THE DIRECTORS

The directors have pleasure in presenting their report and financial statements

for the year ended 31 December 2025.

Principal activities and significant changes

The principal activity of the company throughout the year was

property investment. No significant changes were reported

in the accounts for the year.

Directors

The directors who served the company throughout the year were

as follows:

P E Giles

A D M Giles

B J P Giles

Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report

and the financial statements in accordance with applicable

law and regulations.

Company law requires the directors to prepare financial statements

for each financial year. Under that law the directors have elected

to prepare the financial statements in accordance with United

Kingdom Generally Accepted Practice (United Kingdom Accounting

Standard and applicable law). The financial statements are required

to give a true and fair view of the state of affairs of the company

and of the profit or loss of the company for that period. In preparing

the financial statements the directors are required to:-

*

select suitable accounting policies and then apply them consistently;

*

make judgements and estimates that are reasonable and prudent, and

*

prepare the financial statements on a going concern basis unless

it is inappropriate to presume that the company will continue in

business.

1

THANE HOUSE PROPERTIES LIMITED

REPORT OF THE DIRECTORS

The directors are responsible for keeping proper accounting records that

disclose, with reasonable accuracy at any time, the financial position of the

company and that enable them to ensure that the financial statements comply

with the Companies Act 2006. They are also responsible for safeguarding

the assets of the company and hence for taking reasonable steps for the

prevention and detection of fraud and other irregularities.

The directors' report is prepared in accordance with the exemptions
available to companies subject to the small companies regime within
Part 15 of the Companies Act 2006.

By order of the Board

....................................................

A D M Giles

Secretary

Registered Office:

11 Salisbury Road

Seaford

East Sussex

BN25 2DD

Date: 15 January 2026

2

THANE HOUSE PROPERTIES LIMITED

INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

Note

2025

2024

£

Turnover

3

57072

54715

Expenses

21917

14953

Operating profit

35155

39762

Interest receivable and similar income

5

8947

9124

Overage payment

109624

0

153726

48886

Interest payable

-4451

0

Profit on ordinary activities before taxation

149275

48886

Taxation

6

36839

9986

Retained profit for the financial year

112436

38900

STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE YEAR

ENDED 31 DECEMBER 2025

2025

2024

£

Profit for financial year

112436

38900

Profit on sale of quoted investments

53471

53054

Taxation thereon

-13218

-12162

152689

79792

3

THANE HOUSE PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT

31 DECEMBER 2025

2025

2024

Note

£

Fixed assets

Property, plant & equipment

7

335

420

Investment property

8

1402500

826875

1402835

827295

Current assets

Debtors

9

29823

51687

Quoted investments

10

950

110768

Cash at bank

58916

5161

89689

167616

Creditors: amounts falling due

within one year

11

-687860

-52925

Net current assets (liabilities)

-598171

114691

Total assets less current liabilities

804664

941986

Provision for liabilities

12

53454

102556

Net assets

751210

839430

Capital and reserves

Called-up share capital

13

312000

Revaluation reserve

278313

425621

Profit and loss account

160897

101809

Shareholders' Funds

751210

839430

The accounts are prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and Section 1A of FRS 102 The Financial Reporting Standard.

For the financial year ended 31 December 2025 the company was entitled to exemption from
audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements
for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of
the Companies Act 2006 with respect to accounting records and for preparing accounts which
give a true and fair view of the state of affairs of the company as at the end of the financial year
and of its profit or loss for the financial year in accordance with the requirements of the
Companies Act 2006 relating to accounts, so far as applicable to the company.

The accounts were approved by the board of directors on 15 January 2026

and signed on its behalf by:-

____________________________

P E Giles

Director

Company registered number 1782952

4

THANE HOUSE PROPERTIES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

Share

Revaluation

Retained

Total

Capital

Reserve

Earnings

£

Balance at 31 December 2024

312000

425621

101809

839430

Realised gains (net of tax)

0

40253

Unrealised gains/losses (net of deferred tax)

0

-147308

0

-147308

Profit for the year

0

112436

Dividends

0

-93601

Balance at 31 December 2025

312000

278313

160897

751210

5

THANE HOUSE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1

Statutory Information

Thane House Properties Limited is a private company, limited by shares, domiciled in

England and Wales registered number 1782952.

The registered office is 11 Salisbury Road Seaford East Sussex BN25 2DD.

2

Compliance with Accounting Standards

The accounts have been prepared in accordance with FRS 102.

There were no material departures from that standard.

3

Accounting policies

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention

as modified by the revaluation of certain fixed assets.

The presentation currency is £ sterling and the accounts are rounded to the

nearest £.

Property, plant & equipment -depreciation

Depreciation has been computed to write off the cost of tangible fixed assets

over the expected useful lives using the following rates:

Office equipment

20% reducing balance p.a.

Investment property

Investment property is carried at fair value. Revaluation surpluses are recognised

in the income statement. Deferred taxation is provided on these gains at the rate

expected to apply when the property is sold.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing

differences between the treatment of certain items for accounts purposes

and the treatment for tax purposes.

Turnover

The company's turnover represents the amounts receivable in respect of

property rentals.

4

Employees and Directors

The average number of employees during the year was 3.

2025

2024

£

Directors' remuneration

0

6

THANE HOUSE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5

Interest receivable and similar income

2025

2024

£

Bank and other interest

592

148

Dividends on quoted investments

8333

8952

Overseas dividends

22

24

8947

9124

6

Tax on profit on ordinary activities

2025

2024

£

a) Analysis of charge in period

UK Corporation tax on profits of the period

36839

9986

b) The tax assessed for the period is lower than the standard rate of

corporation tax in the UK(25%) . The differences are explained below

2025

2024

£

Profit on ordinary activities before tax

149275

48886

Profit on ordinary activities multiplied by standard rate

of corporation tax in the UK (25%)

37319

12221

Effects of:

Adjustment for previous year

2084

921

Dividends not subject to tax

-2089

-2244

Depreciation for period more/(less) than capital allowances

21

-91

Marginal tax relief for smaller companies

-496

-821

36839

9986

7

Property, Plant & Equipment

Office

Equipment

£

Cost or valuation

At 1 January 2025

420

Additions

0

420

Depreciation

85

Net book value

At 31 December 2025

335

At 31 December 2024

420

7

THANE HOUSE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8

Investment Property

£

Fair value at 1 January 2025

826875

Addition at cost

759885

1586760

Reduction in value

184260

Fair value at 31 December 2025

1402500

Comparable historical costs for the freehold investment

properties included at fair value

1071683

9

Debtors

2025

2024

£

Trade debtors

20125

50024

Other debtors

0

400

Prepayments

9698

1263

29823

51687

10

Creditors: amounts falling due within one

year

2025

2024

£

Trade creditors

20103

17027

Taxation

50126

21228

Other creditors

11506

45

Maintenance reserve fund

3233

4691

Service charge fund

2892

9934

Short term loans (repayable within one year)

600000

0

687860

52925

11

Quoted Investments

2025

2024

£

Investments at cost

0

97668

Net unrealised gains

950

13100

Valuation at 31 December 2025

950

110768

12

Provision for liabilities

2025

2024

£

Deferred taxation

53454

102556

13

Share capital

2025

2024

£

Allotted, called up and fully paid:

312,000 ordinary shares of £1 each

312000

8

THANE HOUSE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14

Related party transactions

2025

2024

£

Directors: Services rendered to the company

624

598

Short term loan from family shareholder

100000

0

Interest payable thereon

4451

0

15

Controlling party

The company was under the control of the directors who were personally

interested in 100% of the company's issued share capital.

9

THANE HOUSE PROPERTIES LIMITED

DETAILED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

2025

2024

£

Rents received

57072

54715

Property expenses:

Insurance

923

732

Water & Council Tax

2893

577

Service charges/ground rent

4160

902

Agents and legal fees

9582

5316

Repairs

816

5020

Administrative expenses etc:

Office services

624

598

Postages, stationery & telephone

748

410

Sundry expenses

1646

1192

Motor & travelling

380

93

Bank charges

60

59

Depreciation

85

21917

54

14953

Operating profit

35155

39762

10