Thaihut Ltd 31/03/2024 iXBRL

Company registration number: 14708303

Thaihut Ltd

Trading as Camile Thai

Unaudited filleted financial statements

31 March 2024

Thaihut Ltd

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Thaihut Ltd

Directors and other information


Director	Mr T Thillairuban	(Appointed 6 March 2023)


Company number	14708303


Registered office	797 Harrow road
	Sudbury Town
	Wembley
	HA0 2LP


Business address	71 Stoney Lane
	Winchester
	Hampshire
	SO22 6EW


Accountants	Accountancy Solutions
	797 Harrow Road
	Sudbury Town
	Wembley
	HA0 2LP




	Bankers	Lloyds Bank
		25 Gresham Street
		London
		EC2V 7HN

Thaihut Ltd

Statement of financial position

31 March 2024

		31/03/24
	Note	£	£

Fixed assets
Tangible assets	5	180,100
		_______
			180,100

Current assets
Stocks		8,231
Debtors	6	12,663
Cash at bank and in hand		27,125
		_______
		48,019
Creditors: amounts falling due
within one year	7	( 23,813)
		_______
Net current assets			24,206
			_______
Total assets less current liabilities			204,306

Creditors: amounts falling due
after more than one year	8		( 235,000)
			_______
Net liabilities			( 30,694)
			_______

Capital and reserves
Called up share capital			2
Profit and loss account			( 30,696)
			_______
Shareholders deficit			( 30,694)
			_______

For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 05 April 2025 , and are signed on behalf of the board by:

Mr T Thillairuban

Director

Company registration number: 14708303

Thaihut Ltd

Statement of changes in equity

Period ended 31 March 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 6 March 2023	-	-	-

Loss for the period		( 30,696)	( 30,696)
	_______	_______	_______
Total comprehensive income for the period	-	( 30,696)	( 30,696)

Issue of shares	2		2
	_______	_______	_______
Total investments by and distributions to owners	2	-	2

	_______	_______	_______
At 31 March 2024	2	( 30,696)	( 30,694)
	_______	_______	_______

Thaihut Ltd

Notes to the financial statements

Period ended 31 March 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 797 Harrow road, Sudbury Town, Wembley, HA0 2LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	10 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 15

5. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 6 March 2023	-	-	-
Additions	110,446	73,320	183,766
	_______	_______	_______
At 31 March 2024	110,446	73,320	183,766
	_______	_______	_______
Depreciation
At 6 March 2023	-	-	-
Charge for the year	-	3,666	3,666
	_______	_______	_______
At 31 March 2024	-	3,666	3,666
	_______	_______	_______
Carrying amount
At 31 March 2024	110,446	69,654	180,100
	_______	_______	_______

6. Debtors

			31/03/24
			£
	Trade debtors		3,287
	Other debtors		9,376
			_______
			12,663
			_______

7. Creditors: amounts falling due within one year

			31/03/24
			£
	Trade creditors		4,831
	Social security and other taxes		5,684
	Other creditors		13,298
			_______
			23,813
			_______

8. Creditors: amounts falling due after more than one year

			31/03/24
			£
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		235,000
			_______

9. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value	Balance owed by /(owed to)
	Period	Period
	ended	ended
	31/03/24	31/03/24
	£	£
7 Flavours Ltd	( 45,000)	( 45,000)
R & V Partners Ltd	(190,000)	(190,000)
	_______	_______

During the year, company received above loans from companies controlled by the director and his wife.

10. Controlling party

Director and his wife controls entire issued share capital of the company.

11. Going concern

Director reviewed the net deficit position at year end and confirmed his continued support for the company to meet its financial obligation for the foreseeable future. He also reviewed the financial performance of the company since the year end and he confirmed that the company will be profitable in the coming years, Therefore the financial statement has been prepared on going concern basis.