REGISTERED NUMBER: 00703064 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

T.G. JEARY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P R Ashdown

N C Ashdown

J T Brown

J H D Jeary

I R Jeary

P A Sealey

E Taylor

SECRETARY:

P A Sealey

REGISTERED OFFICE:

110 Okus Road

Swindon

Wiltshire

SN1 4JP

REGISTERED NUMBER:

00703064 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Investment property

4

2,385,000

2,385,000

CURRENT ASSETS

Debtors

5

34,378

24,272

Cash at bank

374,052

405,288

408,430

429,560

CREDITORS

Amounts falling due within one year

6

105,423

85,387

NET CURRENT ASSETS

303,007

344,173

TOTAL ASSETS LESS CURRENT LIABILITIES

2,688,007

2,729,173

PROVISIONS FOR LIABILITIES

8

212,601

212,601

NET ASSETS

2,475,406

2,516,572

CAPITAL AND RESERVES

Called up share capital

9

13,975

13,975

Revaluation reserve

380,000

380,000

Capital redemption reserve

4,100

4,100

Retained earnings

2,077,331

2,118,497

SHAREHOLDERS' FUNDS

2,475,406

2,516,572

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 May 2026 and were signed on its behalf by:

P A Sealey - Director

1.	STATUTORY INFORMATION

T.G. Jeary Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 except to the extent that the directors have chosen to depart from the requirements to account for the defined benefit pension scheme as set out in the retirement benefits accounting policy below and in note 8. The Directors are unable to quantify the effect of this departure as they have not obtained the requisite actuarial valuation as required by FRS 102 as the Directors and Trustees of the Pension Fund considered that the costs of doing so exceeded the benefits. Appropriate actuarial valuations on different bases are sought by the Trustees in conjunction with the Directors at times to enable proper consideration of the future funding, and maintenance and disclosure of the scheme's assets and liabilities in the financial statements. 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.

Turnover

Revenue from the rental of investment properties is recognised when they are occupied by tenants, when 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.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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.

Retirement benefits - including departure from frs102

The defined benefit scheme provides benefits based on final pensionable pay. The assets of the scheme are held separately from those of the company in an independently administered fund.

As disclosed the company is not recognising or disclosing its defined benefit pension scheme in line with FRS102. It has previously recognised a liability based on an interim valuation and reflected ongoing contributions through the profit and loss.

During the prior periods additional contributions have been made, eliminating the earlier reported deficit and the remaining contribution expensed. This is not in accordance with FRS 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,385,000

NET BOOK VALUE

At 31 December 2025

2,385,000

At 31 December 2024

2,385,000

The fair value of these properties have been arrived at on the basis of an independent valuation dated 18 March 2025 by Lambert Smith Hampton, a company not connected to the company. The properties were revalued at £650,000 and £1,735,000 respectively on this date being market value. The valuation conforms to Independent Valuation Standards and was based on recent market transactions on arm’s length tests for similar properties. The directors have completed a review of the market as at 31 December 2025 and deem this valuation to be a true reflection of the fair value as at 31 December 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

16,961

17,105

Other debtors

17,417

7,167

34,378

24,272

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

587

420

Taxation and social security

36,223

25,170

Other creditors

68,613

59,797

105,423

85,387

7.	SECURED DEBTS

The company has granted a charge over investment properties in favour of the T.G. Jeary Limited Pension Scheme.

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Other timing differences

212,601

212,601

Deferred

tax

£

Balance at 1 January 2025

212,601

Balance at 31 December 2025

212,601

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

55,900

Ordinary

£0.25

13,975

13,975

10.	EMPLOYEE BENEFIT OBLIGATIONS

No contributions were made during the current or comparative period, and the last actuarial valuation as of 1 January 2023 noted the company is not required to pay contributions to the scheme as the scheme was in surplus.

The last actuarial valuation carried out as of 1 January 2023 (previously, 1 January 2020) reported a surplus for the scheme of £431,000 (2020 Surplus of: £454,000) under the Statutory Funding Objective approach, with a funding ratio of 89% (2020: 79%) on an estimated solvency basis.

The above valuations, recognition and disclosures concerning this defined benefit pension scheme are not in accordance with the requirements of Section 28 of FRS 102 - Employee Benefits.