T J Hamilton Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: NI034800 (Northern Ireland)

T J HAMILTON DEVELOPMENTS LIMITED

Unaudited Financial Statements for the Year Ended 28 February 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTORS:

P McGurk

N McGurk

K Lynch

REGISTERED OFFICE:

Brookmount

18 Dungannon Road

Cookstown

Co. Tyrone

BT80 8TL

REGISTERED NUMBER:

NI034800 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Investment property

5

34,621,849

CURRENT ASSETS

Inventories

6

214,634

Receivables less than one year

7

27,369

38,311

Cash at bank

1,279,754

857,637

1,521,757

1,110,582

PAYABLES

Amounts falling due within one year

8

(6,774,759

)

(6,797,362

)

NET CURRENT LIABILITIES

(5,253,002

)

(5,686,780

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,368,847

28,935,069

PAYABLES

Amounts falling due after more than one
year

9

(9,910,123

)

(10,542,073

)

PROVISIONS FOR LIABILITIES

12

(955,089

)

(928,474

)

NET ASSETS

18,503,635

17,464,522

CAPITAL AND RESERVES

Called up share capital

13

10

Fair value reserve

14

1,819,009

Retained earnings

16,684,616

15,645,503

SHAREHOLDERS' FUNDS

18,503,635

17,464,522

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2026 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 9 September 2026 and were signed on its behalf by:

K Lynch - Director

1.	STATUTORY INFORMATION

T J Hamilton Developments Limited is a private company, limited by shares, registered within the United Kingdom. The companys registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

Revenue is recognised upon date to which rental occurs. Revenue is comprised the invoice value of rental exclusive of any value added tax.

Sale of services:

Revenue from the sale of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the group will receive consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably, and;

- the costs incurred and the costs to complete the contract can be measured reliably.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Income Statement.

Inventories

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Financial instruments

The company have chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Finance costs

Finance costs include:

(i) Interest expense calculated using the effective interest method as set out in FRS 102 Section 11 Basic Financial Instruments.

(ii) Finance charges in respect of finance leases as set out in FRS 102 Section 20 Leases.

(iii) Exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

In-specie dividends

In-specie dividends are recognised when declared and approved, measured at the fair value of the assets distributed. Any difference between the asset's carrying amount and its fair value is recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

34,621,849

NET BOOK VALUE

At 28 February 2026

34,621,849

At 28 February 2025

34,621,849

The directors consider that valuations are reflective of the open market value of the properties at 28 February 2026.

Fair value at 28 February 2026 is represented by:

£

Valuation in 2026

34,621,849

6.	INVENTORIES

2026

2025

£

Inventories

214,634

7.	RECEIVABLES LESS THAN ONE YEAR

2026

2025

£

Trade receivables

22,239

19,702

Prepayments and accrued income

5,130

18,609

27,369

38,311

8.

PAYABLES: THE AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans (see note 10)

631,952

Trade payables

40,860

62,769

Amounts owed to group undertakings

-

1,875

Amounts owed to related undertakings

5,380,000

5,574,375

Taxation and social security

372,128

212,426

Other payables

349,819

313,965

6,774,759

6,797,362

The amounts owed to related undertakings are interest free and repayable on demand.

9.

PAYABLES: THE AMOUNTS FALLING DUE AFTER ONE YEAR

2026

2025

£

Bank loans (see note 10)

9,910,123

10,542,073

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,382,324

8,014,265

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

631,952

2026

2025

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

631,951

631,952

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,895,848

1,895,856

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,382,324

8,014,265

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

10,542,075

11,174,025

12.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

955,089

928,474

Deferred

tax

£

Balance at 1 March 2025

928,474

Provided during year

26,615

Balance at 28 February 2026

955,089

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2

Ordinary

1

10

6

4

Ordinary

1

-

4

10

14.

RESERVES

The company has fair value reserves of £1,819,009 relating to previous gains in the fair value of investment properties. The Directors have disclosed these reserves separately from retained on the statement of changes in equity as they are considered to be non-distributable.

15.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', as the company qualifies as a small company under the current criteria.