Company registration number 13980822 (England and Wales)
UK THG LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
UK THG LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
UK THG LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF UK THG LTD FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UK THG Ltd for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of UK THG Ltd, as a body, in accordance with the terms of our engagement letter dated 27 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of UK THG Ltd and state those matters that we have agreed to state to the board of directors of UK THG Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK THG Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that UK THG Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of UK THG Ltd. You consider that UK THG Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of UK THG Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carpenter Box
28 May 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
UK THG LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,841
40,146
Current assets
Debtors
4
349,689
236,655
Cash at bank and in hand
22,981
267,139
372,670
503,794
Creditors: amounts falling due within one year
5
(761,747)
(534,738)
Net current liabilities
(389,077)
(30,944)
Total assets less current liabilities
(350,236)
9,202
Creditors: amounts falling due after more than one year
6
(519,414)
(251,484)
Net liabilities
(869,650)
(242,282)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(869,750)
(242,382)
Total equity
(869,650)
(242,282)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

UK THG LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 28 May 2025 and are signed on its behalf by:
Mr J E J Mathews
Director
Company registration number 13980822 (England and Wales)
UK THG LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

UK THG Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 16, Building 6, Croxley Business Park, Hatters Lane, Watford, Hertfordshire, United Kingdon, WD18 8YH.

1.1
Reporting period

The company was incorporated on 16 March 2022 and prepared its first set of accounts to 30 June 2023 making it an extended period. The period was changed to be in line with its parent company reporting periods. Due to the difference in reporting periods the results may not be entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

At the balance sheet date the company was in a net liability position. The company is reliant on the ongoing support of its parent company, Telehealth Global PTY Ltd . The financial statements include no adjustments that would result in the withdrawal of their support.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. Where a service has not yet been carried out a provision is provided for in the balance sheet and released once the service is carried out.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
18% diminishing balance basis per annum
Computers
18% diminishing balance basis per annum
Motor vehicles
18% diminishing balance basis per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

UK THG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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.

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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 8 (2023 - 9).

UK THG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2023
18,667
-
0
27,200
45,867
Additions
5,828
2,259
-
0
8,087
At 30 June 2024
24,495
2,259
27,200
53,954
Depreciation and impairment
At 1 July 2023
2,865
-
0
2,856
5,721
Depreciation charged in the year
4,191
305
4,896
9,392
At 30 June 2024
7,056
305
7,752
15,113
Carrying amount
At 30 June 2024
17,439
1,954
19,448
38,841
At 30 June 2023
15,802
-
0
24,344
40,146
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
220,114
215,643
Other debtors
129,575
21,012
349,689
236,655
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
80,772
76,478
Taxation and social security
81,899
8,781
Other creditors
599,076
449,479
761,747
534,738
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
519,414
251,484
UK THG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
49,750
75,797
9
Prior period adjustment

The accounts for the period ended 30 June 2023 did not include the Company's share capital of 10,000 shares of £0.01. This has been corrected accordingly to reflect the share position. As a result of this the total equity for 30 June 2023 now show as £242,282 and share capital £100.

Adjustments to equity
30 June
2023
£
Adjustments to prior year
Share capital
100
Total adjustments
100
Analysis of the effect upon equity
Share capital
100
100
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