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REGISTERED NUMBER: 10637609 (England and Wales)










THG NO 3 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






THG NO 3 LIMITED (REGISTERED NUMBER: 10637609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THG NO 3 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr S Kathuria
Mr R Kathuria





SECRETARY: Mr R Kathuria





REGISTERED OFFICE: 204 Winsford Avenue
Coventry
West Midlands
CV5 9NB





REGISTERED NUMBER: 10637609 (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 3 LIMITED (REGISTERED NUMBER: 10637609)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,279,202 1,314,389

CURRENT ASSETS
Stocks 21,575 20,140
Debtors 5 562,394 666,629
Cash at bank and in hand 1,534,979 1,769,119
2,118,948 2,455,888
CREDITORS
Amounts falling due within one year 6 1,381,331 2,197,928
NET CURRENT ASSETS 737,617 257,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,016,819

1,572,349

CREDITORS
Amounts falling due after more than one
year

7

767,987

767,635
NET ASSETS 1,248,832 804,714

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,248,732 804,614
SHAREHOLDERS' FUNDS 1,248,832 804,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

THG NO 3 LIMITED (REGISTERED NUMBER: 10637609)

BALANCE SHEET - continued
31ST DECEMBER 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 30th December 2024 and were signed on its behalf by:





Mr S Kathuria - Director


THG NO 3 LIMITED (REGISTERED NUMBER: 10637609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Thg No 3 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.

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 37 (2022 - 41 ) .

THG NO 3 LIMITED (REGISTERED NUMBER: 10637609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1st January 2023
and 31st December 2023 1,323,000 87,170 110,450 706 1,521,326
DEPRECIATION
At 1st January 2023 115,407 14,926 76,146 458 206,937
Charge for year 26,460 1,806 6,859 62 35,187
At 31st December 2023 141,867 16,732 83,005 520 242,124
NET BOOK VALUE
At 31st December 2023 1,181,133 70,438 27,445 186 1,279,202
At 31st December 2022 1,207,593 72,244 34,304 248 1,314,389

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 154,115 400,140
VAT 52,656 -
206,771 400,140

Amounts falling due after more than one year:
Other debtors 355,623 266,489

Aggregate amounts 562,394 666,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 660 -
Trade creditors 849,434 1,761,861
Taxation and social security 339,721 195,582
Other creditors 191,516 240,485
1,381,331 2,197,928

THG NO 3 LIMITED (REGISTERED NUMBER: 10637609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 128,883 184,396
Other creditors 639,104 583,239
767,987 767,635

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 128,883 184,396

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end company owed the following amounts to its directors -

Mr S Kathuria - £ 53,391 (2022) £ 80,931
Mr R Kathuria - £ 107,500 (2022) £ 107,500

The loans are interest free.