Joshua Thomas Finance Ltd

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

Registered number: 11988364

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		98,876		80,348

			98,876		80,348
CURRENT ASSETS
Debtors	5	422,409		257,869
Cash at bank and in hand		40,839		76,178

		463,248		334,047
Creditors: Amounts Falling Due Within One Year	6	(139,241 )		(70,562 )

NET CURRENT ASSETS (LIABILITIES)			324,007		263,485

TOTAL ASSETS LESS CURRENT LIABILITIES			422,883		343,833

Creditors: Amounts Falling Due After More Than One Year	7		(63,950 )		(58,414 )

NET ASSETS			358,933		285,419

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			358,932		285,418

SHAREHOLDERS' FUNDS			358,933		285,419

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Joshua Thomas Finance Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 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 Thomas Broad

Director

08/10/2026

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

1. General Information

Joshua Thomas Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11988364 . The registered office is 34 Aldworth Avenue, Wantage, Oxfordshire, OX12 7EJ.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. 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:

Plant & Machinery	33.3% straight line
Motor Vehicles	25% straight line
Computer Equipment	33.3% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

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

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.

Current 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: 2 (2025: 2)

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Joshua Thomas Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2025	30,678	109,637	4,423	144,738
Additions	364	42,491	1,289	44,144

As at 31 May 2026	31,042	152,128	5,712	188,882

Depreciation
As at 1 June 2025	24,657	35,763	3,970	64,390
Provided during the period	5,706	19,194	716	25,616

As at 31 May 2026	30,363	54,957	4,686	90,006

Net Book Value
As at 31 May 2026	679	97,171	1,026	98,876

As at 1 June 2025	6,021	73,874	453	80,348

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	11,466	-
Due after more than one year
Intercompany Loan - Broad Residential Ltd	19,550	1,000
Intercompany Loan - Rewcastle Homes Ltd	127,662	125,662
Intercompany Loan - Joshua Thomas Homes Ltd	263,731	131,207

	410,943	257,869

	422,409	257,869

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	37,502	8,601
Other loans	6,773	-
Corporation tax	68,293	47,414
Directors' loan accounts	26,673	14,547

	139,241	70,562

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	20,912	58,414
Other loans	43,038	-

	63,950	58,414

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Joshua Thomas Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	39,800	14,621
Later than one year and not later than five years	21,729	61,528

	61,529	76,149
Less: Finance charges allocated to future periods	3,115	9,134

	58,414	67,015

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Joshua Thomas Homes Limited

Joshua Thomas Homes Limited is a company under common control. The loan advanced to the company during the year, as disclosed in note 5, is unsecured, interest free and repayable after one year.

Rewcastle Homes Limited

Rewcastle Homes Limited is a company of which Joshua Rewcastle is also a Director. The loan advanced to the company during the year, as disclosed in note 5, is unsecured, interest free and repayable after one year.

Broad Residential Limited

Broad Residential Limited is a company of which Thomas Broad is also a Director. The loan advanced to the company during the year, as disclosed in note 5, is unsecured, interest free and repayable after one year.

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