T F JONES PROPERTY SERVICES LIMITED

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—7
Statement of Income and Retained Earnings	8
Balance Sheet	9
Notes to the Financial Statements	10—17

The directors present their strategic report for the year ended 31 March 2026.

Principal Activity

The principal activity of the company is the delivery of building safety and regulatory compliance services, primarily to social housing providers and local authorities. Core workstreams are passive fire protection and fire doors, active fire safety, electrical testing and remedial works, ventilation, and home adaptations.

Review of the Business

The results for the year are set out in the statement of income and retained earnings and the balance sheet.

Turnover for the year was £11.15 million (2025: £13.25 million), a reduction of approximately 16 per cent. The decrease reflects the planned reduction of lower-margin adaptations work and continued client caution over the timing and funding of building safety programmes across the social housing sector.

Gross profit was £4.44 million (2025: £4.89 million), with the gross profit margin held at 40 per cent (2025: 37 per cent). Maintaining the margin through a period of lower volume reflects the operational controls established in the previous year, including tighter project controls and more disciplined resource planning.

Profit before tax was £0.83 million (2025: £1.78 million). The reduction is proportionately greater than the fall in turnover, reflecting the largely fixed nature of the company's overhead costs against lower revenue and continued investment in leadership, systems and business development. It also includes a considerable one-off loss of £0.19 million on the disposal of older fleet vehicles, arising from previously overstated residual values, which have since been corrected in the company's depreciation approach. This item is not expected to recur.

The company retains a sound balance sheet, with net assets of £3.74 million (2025: £4.32 million). The reduction in net assets reflects a distribution to the parent company during the year, together with a reduction in trade debtors, and the company continues to trade from a stable financial position.

During the year the company completed a planned withdrawal from adaptations work in non-social-housing properties. That work carried a high degree of scope change, rework and limited repeatability, which constrained both margin and predictability. The company ceased certain local authority adaptations contracts and, as a result, undertook a redundancy programme. This was a deliberate step to concentrate capacity on higher-margin, regulation-driven compliance work.

The company secured six new contract awards and six contract extensions during the year, spanning fire safety, active fire safety and adaptations workstreams, reflecting both new business and strong client retention. Revenue from active fire safety and electrical works grew from £28,000 to £0.69 million as that capability scaled following BAFE SP203 accreditation.

Work delivered through subcontractors represented less than 2 per cent of turnover in the year. The company's directly employed model remains a distinguishing feature and is valued by clients for the quality, control and continuity it provides.

Health and safety performance improved across the year. Stronger fleet driving standards contributed to a reduction in motor claims, and site safety improved, with fewer accidents and incidents recorded. The company also maintained consistently strong scores in independent third-party audits across its accreditation schemes, reflecting the standards its directly employed model is built to sustain.

During the year the company completed the implementation of a new stock control system, which went live on 1 April 2026. This enables tighter cost control and reporting on a job-by-job basis, supporting the company's continued focus on margin discipline.

Demand for fire and building safety compliance is expected to remain firm, though within tightening landlord budgets as spending is stretched across many compliance areas. The company's strategy is to grow adjacent, regulation-driven services for existing clients, including ventilation works associated with Awaab's Law and electrical compliance, as the lower-risk first stage of diversification. To lead this, the company has, since the year end, appointed a Head of Growth, its first dedicated commercial investment of this kind. Over the longer term, the company sees scope to extend into new public sector client types, with early interest emerging from the health and defence sectors.

The directors thank all employees for their commitment through a year of significant and deliberate change.

Key Financial Performance Indicators

● Turnover: £11,153,725 (2025: £13,250,066)

● Turnover growth: -16% (2025: -13%)

● Gross profit: £4,443,899 (2025: £4,892,650)

● Gross profit margin: 40% (2025: 37%)

● Profit before tax: £827,587 (2025: £1,776,786)

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T F JONES PROPERTY SERVICES LIMITED

Strategic Report (continued)

For The Year Ended 31 March 2026

Principal Risks and Uncertainties

The company recognises a number of risks that could affect future growth and profitability, including:

1. Public sector funding and landlord affordability. The company serves housing associations and local authorities, whose spending is shaped by public funding and rent settlements. Rising compliance obligations are increasing total demand, but landlord affordability, rather than need, is the binding constraint on the timing and scale of programmes. The company manages this through a broad client base and a focus on non-discretionary, regulation-driven work.

2. Operational dependencies. Recruitment, retention and leadership succession remain priorities. The company continues to invest in employee development, leadership structure and reward to support engagement and continuity, and operates a direct-employment model that protects quality and control.

3. Technology and systems risk. The business relies on integrated digital systems for contract management, compliance tracking, scheduling and reporting. Business continuity and cyber resilience arrangements are maintained and tested, and dedicated cyber insurance cover is in place.

4. Client concentration. To reduce reliance on a limited number of clients, the company continues to broaden its service offer to existing clients and to pursue new frameworks and contracts, building a more resilient pipeline of work.

On behalf of the board

Mr Daniel Jones Director	Mrs Samantha Jones Director
04/11/2026

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T F JONES PROPERTY SERVICES LIMITED

Company No. 05646655

Directors' Report For The Year Ended 31 March 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2026.

Dividends

After the year end, dividends of £500,000 have been paid.

Financial Instruments

Price risk, credit risk, liquidity risk and cash flow risk

The business's principal financial instruments comprise bank balances, trade debtors, trade creditors, loans to the business, and hire purchase agreements. The main purpose of these instruments is to finance the business's operations.

In respect of the bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of loans. All of the business cash balances are held in such a way that achieves a competitive rate of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. The business manages the liquidity risk in respect of these by ensuring that there are sufficient funds to meet the payments.

The business is a lessee in respect of assets on hire purchase. The liquidity risk in respect of these is managed by ensuring that there are sufficient funds to meet the payments.

Directors

The directors who held office during the year were as follows:

Mr Daniel Jones

Mrs Irene Jones

Miss Louise Abdy

Mr Mark Jones

Mrs Samantha Jones

Miss Tanya Jones

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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T F JONES PROPERTY SERVICES LIMITED

Directors' Report (continued)

For The Year Ended 31 March 2026

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information (as defined by s418 of the Companies Act 2006) of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board

Mr Daniel Jones Director	Mrs Samantha Jones Director
04/11/2026

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Independent Auditor's Report

to the Members of

T F JONES PROPERTY SERVICES LIMITED

Independent Auditor's Report

Opinion

We have audited the financial statements of T F JONES PROPERTY SERVICES LIMITED for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the Strategic Report and the Directors' Report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the Strategic Report and the Directors' Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

T F JONES PROPERTY SERVICES LIMITED

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

T F JONES PROPERTY SERVICES LIMITED

Rachel Davis BA FCA (Senior Statutory Auditor)

for and on behalf of Just Audit Limited , Statutory Auditor

04/11/2026

Just Audit Limited

Chartered Accountants and Statutory Auditors

Strelley Hall, Main Street

Strelley

Nottingham

NG8 6PE

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T F JONES PROPERTY SERVICES LIMITED

Statement of Income and Retained Earnings

For The Year Ended 31 March 2026

Statement of Income and Retained Earnings

		2026	2025
	Notes	£	£
TURNOVER	3	11,153,725	13,250,066
Cost of sales		(6,709,826 )	(8,357,416 )

GROSS PROFIT		4,443,899	4,892,650

Administrative expenses		(3,591,132 )	(3,070,928 )

OPERATING PROFIT	4	852,767	1,821,722
Other interest receivable and similar income	9	29,713	8,525
Interest payable and similar charges	10	(54,893 )	(53,461 )

PROFIT BEFORE TAXATION		827,587	1,776,786
Tax on Profit	11	(226,040 )	(444,948 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		601,547	1,331,838
RETAINED EARNINGS
As at 1 April 2025		4,316,537	3,677,239
Dividends paid		(1,175,000)	(692,540)
As at 31 March 2026		3,743,084	4,316,537

The notes on pages 10 to 17 form part of these financial statements.

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T F JONES PROPERTY SERVICES LIMITED

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: 05646655

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		1,732,000		1,975,956

			1,732,000		1,975,956
CURRENT ASSETS
Stocks	14	127,329		133,635
Debtors	15	2,283,161		2,887,379
Cash at bank and in hand		1,734,150		1,774,008

		4,144,640		4,795,022
Creditors: Amounts Falling Due Within One Year	16	(1,297,674 )		(1,541,784 )

NET CURRENT ASSETS (LIABILITIES)			2,846,966		3,253,238

TOTAL ASSETS LESS CURRENT LIABILITIES			4,578,966		5,229,194

Creditors: Amounts Falling Due After More Than One Year	17		(375,710 )		(418,470 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(459,974 )		(493,989 )

NET ASSETS			3,743,282		4,316,735

CAPITAL AND RESERVES
Called up share capital	21		198		198
Profit and Loss Account			3,743,084		4,316,537

SHAREHOLDERS' FUNDS			3,743,282		4,316,735

On behalf of the board

Mr Daniel Jones Director	Mrs Samantha Jones Director
04/11/2026

The notes on pages 10 to 17 form part of these financial statements.

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

T F JONES PROPERTY SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05646655 . The registered office is 9 Ketterer Court, Ketterer Court, St. Helens, WA9 3AH.

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentation currency is £ Sterling.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 33 Related Party Disclosures paragraph 33.1.

2.3. Going Concern Disclosure

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has continued to trade well. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4. Significant judgements and estimations

Significant judgements

In the preparation of these financial statements the directors have made the following judgements:

Estimation of the stage of completion of contracts determines the income recognised in the year.

Other key sources of estimation uncertainty

Tangible assets are depreciated over their anticipated useful lives taking into account residual values where appropriate. The useful lives of the assets and residual values are assessed annually, and may vary depending on a number of factors. In reassessing asset lives, factors such as technological innovation and product life cycles are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

2.5. 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates, and discounts.

The company recognises revenue when:

the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the company's activities.

Contract revenue is recognised by reference to the stage of completion of the contract activity as at the year end, any amounts not yet invoiced are included in debtors within gross amount due from customers for contract work.

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets, liabilities and contingent liabilities. It is initially recognised at cost and subsequently amortised to the Statement of Income and Retained Earnings over its estimated economic life of 10 years.

2.7. 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	15% Reducing Balance
Motor Vehicles	15-25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Office Equipment	10% Reducing Balance

2.8. 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 creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings 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 Statement of Income and Retained Earnings as incurred.

2.9. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the Statement of Income and Retained Earnings. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the Statement of Income and Retained Earnings.

2.10. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.11. 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 Income and Retained Earnings because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates and tax laws 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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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

2.12. Pensions

The company operates a defined contribution pension scheme.

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.13. Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

2.14. Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.15. Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. Turnover

Analysis of turnover by class of business is as follows:

	2026	2025
	£	£
Provision of Services	11,153,725	13,250,066

The whole of the turnover is attributable to the principal activity wholly undertaken in the United Kingdom.

4. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Operating lease rentals	114,037	114,569
Depreciation of tangible fixed assets	430,601	312,281

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Auditor's Remuneration

Remuneration received by the company's auditors during the year was as follows:

	2026	2025
	£	£
Audit Services
Audit of the company's financial statements	26,000	26,915

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2026	2025
	£	£
Wages and salaries	4,295,546	4,993,466
Social security costs	535,133	481,666
Other pension costs	382,048	388,735

	5,212,727	5,863,867

7. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	31	11
Directors	6	6
Site Based	77	125

	114	142

8. Directors' remuneration

	2026	2025
	£	£
Emoluments	75,240	75,240
Company contributions to money purchase pension schemes	300,000	300,000

	375,240	375,240

The number of directors to whom retirement benefits were accruing was as follows:

	2026		2025
Money purchase pension schemes	5		5

Dividends totalling £820,700 (2025 £844,700) were paid to the directors by the parent company during the year.

9. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	7,476	8,525
Interest on Early Payment of Corporation Tax	22,237	-

	29,713	8,525

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Interest Payable and Similar Charges

	2026	2025
	£	£
Interest payable on other loans	54,893	53,461

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	268,739	372,177
Prior period adjustment			(8,684 )	-

			260,055	372,177
Deferred Tax
Origination and reversal of timing differences			(34,015 )	72,771


Total tax charge for the period			226,040	444,948

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	827,587	1,776,786

Tax on profit at 25% (UK standard rate)	206,897	444,197
Expenses not deductible for tax purposes	853	-
Short term timing differences	26,974	751
Prior period adjustment	(8,684 )	-

Total tax charge for the period	226,040	444,948

12. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	300,000

As at 31 March 2026	300,000

Amortisation
As at 1 April 2025	300,000

As at 31 March 2026	300,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

13. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Office Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	20,748	2,745,618	27,766	45,111	2,839,243
Additions	-	549,676	7,043	2,130	558,849
Disposals	(2,259 )	(817,565 )	-	-	(819,824 )

As at 31 March 2026	18,489	2,477,729	34,809	47,241	2,578,268

Depreciation
As at 1 April 2025	8,088	825,010	21,671	8,518	863,287
Provided during the period	1,808	423,553	1,584	3,656	430,601
Disposals	(1,057 )	(446,563 )	-	-	(447,620 )

As at 31 March 2026	8,839	802,000	23,255	12,174	846,268

Net Book Value
As at 31 March 2026	9,650	1,675,729	11,554	35,067	1,732,000

As at 1 April 2025	12,660	1,920,608	6,095	36,593	1,975,956

The net book value of the tangible assets includes £1,035,105 in respect of assets held under hire purchase contracts (2025: £1,162,916)

14. Stocks

	2026	2025
	£	£
Stock	127,329	133,635

15. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,082,347	1,593,624
Amounts recoverable on contracts	1,154,640	1,099,015
Other debtors	46,174	194,740

	2,283,161	2,887,379

16. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	307,423	310,569
Trade creditors	500,138	560,613
Other creditors	30,740	87,028
Corporation tax	18,740	-
Taxation and social security	328,784	425,908
Accruals and deferred income	111,849	157,666

	1,297,674	1,541,784

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	375,710	418,470

18. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	307,423	310,569
Later than one year and not later than five years	375,710	418,470

	683,133	729,039

	683,133	729,039

Secured Debts

Included within Net obligations under finance lease and hire purchase contracts are secured debts relating to assets under hire purchase contracts of £683,133 (2025: £729,039). The obligations under hire purchase contracts are secured on the assets to which they relate.

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	459,974	493,989

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	493,989	493,989
Origination and reversal of timing differences	(34,015 )	(34,015 )

Balance at 31 March 2026	459,974	459,974

21. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
33 Ordinary A shares of £ 1.00 each	33	33
33 Ordinary B shares of £ 1.00 each	33	33
33 Ordinary C shares of £ 1.00 each	33	33
33 Ordinary D shares of £ 1.00 each	33	33
33 Ordinary E shares of £ 1.00 each	33	33
33 Ordinary F shares of £ 1.00 each	33	33

	198	198

These are non-redeemable Ordinary shares. Each class of share carries full voting rights. On the subdivided A- F shares, dividends may be declared independently on each share class at the discretion of the directors but otherwise rank pari passu.

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T F JONES PROPERTY SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

22. Other Commitments

Lessee

The total of future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than one year	34,752	25,000
Later than one year and not later than five years	118,736	100,000
Later than five years	-	10,417

	153,488	135,417

23. Pension Commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £382,048 (2025- £388,735).

Contributions totalling £7,647 (2025-£6,007) were payable to the scheme at the end of the year and are included in creditors.

24. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	1,175,000	692,540

25. Parent/subsidiary relationship

At 31 March 2026 the immediate and ultimate parent company was Jones Holdings Limited. The registered office for the parent company is 9 Ketterer Court, St Helens, England, WA9 3AH. The group accounts of Jones Holdings Limited, which include the results of the company, can be obtained from Companies House.

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