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REGISTERED NUMBER: 11381136 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 NOVEMBER 2023

FOR

THM RESTAURANTS LIMITED

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THM RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 NOVEMBER 2023







DIRECTORS: Ms F E Hudson
R H Maynard
J D R Thomson





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11381136 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

BALANCE SHEET
24 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 28,837 32,489

CURRENT ASSETS
Stocks 4 15,624 14,682
Debtors 5 14,327 22,629
Cash at bank and in hand 41,412 21,079
71,363 58,390
CREDITORS
Amounts falling due within one year 6 145,498 134,142
NET CURRENT LIABILITIES (74,135 ) (75,752 )
TOTAL ASSETS LESS CURRENT LIABILITIES (45,298 ) (43,263 )

CREDITORS
Amounts falling due after more than one year 7 25,511 33,222
NET LIABILITIES (70,809 ) (76,485 )

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings (70,817 ) (76,493 )
(70,809 ) (76,485 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 November 2023 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.

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

BALANCE SHEET - continued
24 NOVEMBER 2023


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 1 August 2024 and were signed on its behalf by:




R H Maynard - Director Ms F E Hudson - Director




J D R Thomson - Director


THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 NOVEMBER 2023

1. 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the life of the lease
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 21 ) .

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 NOVEMBER 2023

3. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 25 November 2022 19,135 10,880 41,669
Additions - - -
Disposals - - -
At 24 November 2023 19,135 10,880 41,669
DEPRECIATION
At 25 November 2022 6,390 4,896 28,693
Charge for year 1,664 1,088 2,424
Eliminated on disposal - - -
At 24 November 2023 8,054 5,984 31,117
NET BOOK VALUE
At 24 November 2023 11,081 4,896 10,552
At 24 November 2022 12,745 5,984 12,976

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 25 November 2022 10,293 2,708 84,685
Additions 2,728 - 2,728
Disposals - (2,035 ) (2,035 )
At 24 November 2023 13,021 673 85,378
DEPRECIATION
At 25 November 2022 9,509 2,708 52,196
Charge for year 1,204 - 6,380
Eliminated on disposal - (2,035 ) (2,035 )
At 24 November 2023 10,713 673 56,541
NET BOOK VALUE
At 24 November 2023 2,308 - 28,837
At 24 November 2022 784 - 32,489

4. STOCKS
2023 2022
£    £   
Stocks 15,624 14,682

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,424 20,000
Prepayments 903 2,629
14,327 22,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,027 10,195
Hire purchase contracts 5,259 4,858
Trade creditors 14,865 19,273
Social security and other taxes 10,760 12,567
VAT 51,004 31,513
Other creditors 17,132 4,924
Directors' loan accounts 22,324 45,858
Accruals and deferred income 2,083 -
Accrued expenses 11,044 4,954
145,498 134,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 11,027 10,371
Bank loans - 2-5 years 11,694 14,802
Hire purchase contracts 2,790 8,049
25,511 33,222

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, F Hudson decreased her loan to the company. As at 24 November 2023, the company owed her £2,957 (2022: £8,775). The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

Also during the year, R Maynard decreased his loan to the company. As at 24 November 2023, the company owed him £12,252 (2022: £23,316). The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

Finally during the year, J Thomson decreased his loan to the company. As at 24 November 2023, the company owed him £7,116 (2022: £13,766). The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled jointly by the directors of the company.

10. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £74,135.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.