JC Thomas Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11678627

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,664		-
Tangible Assets	5		8,758		7,661
Investment Properties	6		903,117		430,996

			913,539		438,657
CURRENT ASSETS
Cash at bank and in hand		12,598		95,595

		12,598		95,595
Creditors: Amounts Falling Due Within One Year	7	(279,884 )		(208,761 )

NET CURRENT ASSETS (LIABILITIES)			(267,286 )		(113,166 )

TOTAL ASSETS LESS CURRENT LIABILITIES			646,253		325,491

Creditors: Amounts Falling Due After More Than One Year	8		(620,875 )		(298,393 )

NET ASSETS			25,378		27,098

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	11		20,000		20,000
Profit and Loss Account			5,278		6,998

SHAREHOLDERS' FUNDS			25,378		27,098

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JC Thomas Properties Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathan Cole Director	Mr Richard Thomas Director
12/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

JC Thomas Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11678627 . The registered office is 35 Websters Way , Rayleigh, Essex, SS6 8JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

HMO licence is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not Depreciated
Improvements to premises	Not Depreciated
Fixtures & Fittings	20% Reducing Balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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JC Thomas Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Intangible Assets

	HMO License
	£
Cost
As at 1 December 2024	-
Additions	2,080

As at 30 November 2025	2,080

Amortisation
As at 1 December 2024	-
Provided during the period	416

As at 30 November 2025	416

Net Book Value
As at 30 November 2025	1,664

As at 1 December 2024	-

5. Tangible Assets

	Improvements to premises	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 December 2024	7,212	876	8,088
Additions	-	1,484	1,484

As at 30 November 2025	7,212	2,360	9,572

Depreciation
As at 1 December 2024	-	427	427
Provided during the period	-	387	387

As at 30 November 2025	-	814	814

Net Book Value
As at 30 November 2025	7,212	1,546	8,758

As at 1 December 2024	7,212	449	7,661

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JC Thomas Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Investment Property

	2025
	£
Fair Value
As at 1 December 2024	430,996
Additions	472,121

As at 30 November 2025	903,117

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	-	2,376
Other creditors	-	214
Accruals and deferred income	954	955
Directors' loan accounts	278,930	205,216

	279,884	208,761

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	620,875	298,393

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	620,875		298,393

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 December 2024	20,000	6,998
Loss for the year and total comprehensive income	-	(720 )

Dividends paid	-	(1,000)

As at 30 November 2025	20,000	5,278

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr J. Cole and Mr R. Thomas by virtue of their ownership of 100% of the issued share capital in the company.

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