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REGISTERED NUMBER: 10492008 (England and Wales)










THG NO 2 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






THG NO 2 LIMITED (REGISTERED NUMBER: 10492008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THG NO 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr S Kathuria
Mr R Kathuria





SECRETARY: Mr R Kathuria





REGISTERED OFFICE: 204 Winsford Avenue
Coventry
Warwickshire
CV5 9NB





REGISTERED NUMBER: 10492008 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

THG NO 2 LIMITED (REGISTERED NUMBER: 10492008)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,364,556 1,403,166

CURRENT ASSETS
Stocks 26,225 25,300
Debtors 5 768,422 373,077
Cash at bank 269,701 941,623
1,064,348 1,340,000
CREDITORS
Amounts falling due within one year 6 1,130,247 1,507,823
NET CURRENT LIABILITIES (65,899 ) (167,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,298,657

1,235,343

CREDITORS
Amounts falling due after more than one
year

7

520,873

637,254
NET ASSETS 777,784 598,089

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 777,684 597,989
777,784 598,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

THG NO 2 LIMITED (REGISTERED NUMBER: 10492008)

BALANCE SHEET - continued
31ST JANUARY 2024


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 24th January 2025 and were signed on its behalf by:





Mr S Kathuria - Director


THG NO 2 LIMITED (REGISTERED NUMBER: 10492008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Thg No 2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at variable rates on reducing balance
Plant and machinery etc - 20% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 8 ) .

THG NO 2 LIMITED (REGISTERED NUMBER: 10492008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023
and 31st January 2024 1,417,500 159,329 1,576,829
DEPRECIATION
At 1st February 2023 65,638 108,025 173,663
Charge for year 28,350 10,260 38,610
At 31st January 2024 93,988 118,285 212,273
NET BOOK VALUE
At 31st January 2024 1,323,512 41,044 1,364,556
At 31st January 2023 1,351,862 51,304 1,403,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 768,422 373,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 102,725 79,450
Trade creditors 332,561 340,252
Taxation and social security 198,860 121,778
Other creditors 496,101 966,343
1,130,247 1,507,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 520,873 637,254

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 623,598 716,704

The company's bankers, Barclays Bank PLC, hold a debenture, comprising fixed and floating charges and a negative pledge over all property and undertaking of the company.

THG NO 2 LIMITED (REGISTERED NUMBER: 10492008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

9. RELATED PARTY DISCLOSURES

The following related party balances existed as at the reporting date and are included within creditors:

2024 2023
£ £
Talash Ltd Falstaff 47,154 75,268
Talash Hotel No 4 Ltd 91,275 114,864
Talash Hotel Ltd 300,875 298,805
Honiley 1 Ltd - 287,754
THG No 3 Ltd 31,812 28,586
471,116 805,277
======= ========

The following related party balances existed as at the reporting date and are included within debtors:

2024 2023
£ £
Chimney House 1 Ltd 123,064 123,064
Talash Hotel No 5 Ltd 776 776
Stoke Rochford 1 Ltd 8,182 44,540
THG No 1 Ltd 9,929 -
Risley Ltd 166,077 157,340
Honiley Ltd 342,663 -
Quorn Ltd 18,906 11,340
669,597 337,060
====== ======
The above entities are under common control of the directors, all amounts are interest free and considered repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr S Kathuria and Mr R Kathuria