REGISTERED NUMBER: OC416515 (England and Wales)

IM & SL THOMAS LLP

TRADING AS

EPLS

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs S L Thomas

I M Thomas

REGISTERED OFFICE:

209 Goldhawk Road

London

W12 8EP

REGISTERED NUMBER:

OC416515 (England and Wales)

FIXED ASSETS

Investment property

4

1,860,000

1,860,000

CURRENT ASSETS

Debtors

5

29,900

30,019

Cash at bank

1

5,412

29,901

35,431

CREDITORS

Amounts falling due within one year

6

(683,911

)

(105,480

)

NET CURRENT LIABILITIES

(654,010

)

(70,049

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,205,990

1,789,951

CREDITORS

Amounts falling due after more than one year

7

-

(654,050

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,205,990

1,135,901

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

884,515

814,426

MEMBERS' OTHER INTERESTS

Capital accounts

321,475

321,475

1,205,990

1,135,901

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

884,515

814,426

Members' other interests

321,475

321,475

1,205,990

1,135,901

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 October 2026 and were signed by:

Mrs S L Thomas - Designated member

I M Thomas - Designated member

1.	STATUTORY INFORMATION

IM & SL Thomas LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover

Turnover represents rental income due for the period.

Investment property

In accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', investment properties are carried at fair value and no depreciation is provided.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,860,000

NET BOOK VALUE

At 31 March 2026

1,860,000

At 31 March 2025

1,860,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

29,375

29,375

Other debtors

525

644

29,900

30,019

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

652,851

75,206

Other creditors

31,060

30,274

683,911

105,480

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

654,050

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

652,851

729,256

The bank loans are secured by way of a fixed charge over the investment properties.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

884,515

814,426

Falling due within one year

884,515

814,426

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

10.	RELATED PARTY DISCLOSURES

Motion Picture Solutions Limited is a company in which I M Thomas (designated member) was a director until 30 November 2023 and in which S L Thomas (designated member) is a member of key management personnel. During the year, I M & S L Thomas LLP charged Motion Picture Solutions Limited £117,500 (2025: £117,500) in respect of property rental.