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REGISTERED NUMBER: 11381136 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 NOVEMBER 2024

FOR

THM RESTAURANTS LIMITED

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THM RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 NOVEMBER 2024







DIRECTORS: Ms F E Hudson
R H Maynard
J D R Thomson





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 11381136 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

BALANCE SHEET
24 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 23,728 28,837

CURRENT ASSETS
Stocks 4 16,405 15,624
Debtors 5 24,392 14,327
Cash at bank and in hand 9,470 41,412
50,267 71,363
CREDITORS
Amounts falling due within one year 6 (168,607 ) (145,498 )
NET CURRENT LIABILITIES (118,340 ) (74,135 )
TOTAL ASSETS LESS CURRENT LIABILITIES (94,612 ) (45,298 )

CREDITORS
Amounts falling due after more than one year 7 (16,747 ) (25,511 )
NET LIABILITIES (111,359 ) (70,809 )

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings (111,367 ) (70,817 )
(111,359 ) (70,809 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 November 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.

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 21 August 2025 and were signed on its behalf by:





J D R Thomson - Director


THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 NOVEMBER 2024


1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 17 ) .

3. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 25 November 2023
and 24 November 2024 19,135 10,880 41,669
DEPRECIATION
At 25 November 2023 8,054 5,984 31,117
Charge for year 1,665 1,088 1,583
At 24 November 2024 9,719 7,072 32,700
NET BOOK VALUE
At 24 November 2024 9,416 3,808 8,969
At 24 November 2023 11,081 4,896 10,552

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 NOVEMBER 2024


3. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 25 November 2023
and 24 November 2024 13,021 673 85,378
DEPRECIATION
At 25 November 2023 10,713 673 56,541
Charge for year 773 - 5,109
At 24 November 2024 11,486 673 61,650
NET BOOK VALUE
At 24 November 2024 1,535 - 23,728
At 24 November 2023 2,308 - 28,837

4. STOCKS
2024 2023
£    £   
Stocks 16,405 15,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 19,532 13,424
Prepayments 4,860 903
24,392 14,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,211 11,027
Hire purchase contracts 3,569 5,259
Trade creditors 46,235 14,865
Social security and other taxes 10,561 10,760
VAT 46,303 51,004
Other creditors 28,713 17,132
Directors' loan accounts 11,515 22,324
Accruals and deferred income - 2,083
Accrued expenses 1,500 11,044
168,607 145,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 16,747 11,027
Bank loans - 2-5 years - 11,694
Hire purchase contracts - 2,790
16,747 25,511

THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 NOVEMBER 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms F E Hudson decreased her loan to the company. As at 24 November 2024, the company owed her £2,536 (2023: £2,956).

Also during the year, R H Maynard decreased his loan to the company. As at 24 November 2024, the company owed him £7,705 (2023: £12,252).

Finally during the year, J D R Thomson decreased his loan to the company. As at 24 November 2024, the company owed him £1,274 (2023: £7,116).

The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled jointly by the directors of the company.

10. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £40,550, and as at the year end the current liabilities exceeded current assets by £118,340.

The validity of this basis depends upon the continued support of the company's creditors and the directors have confirmed that this support is ongoing.