Silverfin false false 30/06/2024 15/03/2023 30/06/2024 E Kolege 15/03/2023 14 March 2025 The principal activity of the company during the period was that of operating as a food court vendor. 14731828 2024-06-30 14731828 bus:Director1 2024-06-30 14731828 core:CurrentFinancialInstruments 2024-06-30 14731828 core:ShareCapital 2024-06-30 14731828 core:RetainedEarningsAccumulatedLosses 2024-06-30 14731828 core:PlantMachinery 2023-03-14 14731828 core:FurnitureFittings 2023-03-14 14731828 2023-03-14 14731828 core:PlantMachinery 2024-06-30 14731828 core:FurnitureFittings 2024-06-30 14731828 core:ImmediateParent core:CurrentFinancialInstruments 2024-06-30 14731828 core:CurrentFinancialInstruments 9 2024-06-30 14731828 2023-03-15 2024-06-30 14731828 bus:FilletedAccounts 2023-03-15 2024-06-30 14731828 bus:SmallEntities 2023-03-15 2024-06-30 14731828 bus:AuditExemptWithAccountantsReport 2023-03-15 2024-06-30 14731828 bus:PrivateLimitedCompanyLtd 2023-03-15 2024-06-30 14731828 bus:Director1 2023-03-15 2024-06-30 14731828 core:PlantMachinery core:TopRangeValue 2023-03-15 2024-06-30 14731828 core:FurnitureFittings core:TopRangeValue 2023-03-15 2024-06-30 14731828 core:PlantMachinery 2023-03-15 2024-06-30 14731828 core:FurnitureFittings 2023-03-15 2024-06-30 iso4217:GBP xbrli:pure

Company No: 14731828 (England and Wales)

THAI PAD LTD

Unaudited Financial Statements
For the financial period from 15 March 2023 to 30 June 2024
Pages for filing with the registrar

THAI PAD LTD

Unaudited Financial Statements

For the financial period from 15 March 2023 to 30 June 2024

Contents

THAI PAD LTD

COMPANY INFORMATION

For the financial period from 15 March 2023 to 30 June 2024
THAI PAD LTD

COMPANY INFORMATION (continued)

For the financial period from 15 March 2023 to 30 June 2024
DIRECTOR E Kolege (Appointed 15 March 2023)
REGISTERED OFFICE 8 Gees Court
London W1U 1JQ
United Kingdom
COMPANY NUMBER 14731828 (England and Wales)
ACCOUNTANT Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
THAI PAD LTD

BALANCE SHEET

As at 30 June 2024
THAI PAD LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.24
£
Fixed assets
Tangible assets 3 31,991
31,991
Current assets
Debtors 4 79,593
Cash at bank and in hand 7,445
87,038
Creditors: amounts falling due within one year 5 ( 111,573)
Net current liabilities (24,535)
Total assets less current liabilities 7,456
Provision for liabilities 6 ( 7,444)
Net assets 12
Capital and reserves
Called-up share capital 10
Profit and loss account 2
Total shareholders' funds 12

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Thai Pad Ltd (registered number: 14731828) were approved and authorised for issue by the Director on 14 March 2025. They were signed on its behalf by:

E Kolege
Director
THAI PAD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 15 March 2023 to 30 June 2024
THAI PAD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 15 March 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Thai Pad Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Gees Court, London W1U 1JQ, United Kingdom.

The company was incorporated on 15th March 2023, and commenced trading on that day. This is the company's first set of financial statements.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Thai Pad Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover represents sales (excluding VAT) of goods and services, net of trade discounts provided in the normal course of business. Revenue is derived from food and beverage sales. Food and beverage income is recognised when served.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Fixtures and fittings 5 years straight line
Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

Period from
15.03.23 to
30.06.24
Number
Monthly average number of persons employed by the Company during the period, including the director 7

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 15 March 2023 0 0 0
Additions 18,669 18,143 36,812
At 30 June 2024 18,669 18,143 36,812
Accumulated depreciation
At 15 March 2023 0 0 0
Charge for the financial period 3,196 1,625 4,821
At 30 June 2024 3,196 1,625 4,821
Net book value
At 30 June 2024 15,473 16,518 31,991

4. Debtors

30.06.24
£
Trade debtors 18,163
Amounts owed by Parent undertakings 22,162
S455 7,480
Other debtors 31,788
79,593

5. Creditors: amounts falling due within one year

30.06.24
£
Trade creditors 72,101
Taxation and social security 32,020
Other creditors 7,452
111,573

6. Deferred tax

30.06.24
£
At the beginning of financial period 0
Charged to the Statement of Income and Retained Earnings ( 7,444)
At the end of financial period ( 7,444)

7. Related party transactions

Transactions with owners holding a participating interest in the entity

30.06.24
£
Participators Loans 22,162

During the year loans of £11,081 were made to each of the participators, interest free and payable on demand.