REGISTERED NUMBER: 15385188 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

3 JANUARY 2024 TO 31 JANUARY 2025

FOR

THPPP UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Hogg

P Toye

REGISTERED OFFICE:

20 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

15385188 (England and Wales)

ACCOUNTANTS:

Haines Watts

Business Advisors and Accountants

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Investment property

4

230,000

CURRENT ASSETS

Debtors

5

15

Cash at bank

2,515

2,530

CREDITORS

Amounts falling due within one year

6

94,853

NET CURRENT LIABILITIES

(92,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

137,677

CREDITORS

Amounts falling due after more than one year

7

(142,550

)

PROVISIONS FOR LIABILITIES

9

(1,886

)

NET LIABILITIES

(6,759

)

CAPITAL AND RESERVES

Called up share capital

10

2

Non-distributable reserve

8,042

Retained earnings

(14,803

)

SHAREHOLDERS' FUNDS

(6,759

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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 3 October 2025 and were signed on its behalf by:

P Toye - Director

1.	STATUTORY INFORMATION

Thppp Uk Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

At 31 January 2025 the company had net current liabilities of £92,323 and relies on the continued support of the directors to finance its day-to-day working requirements. The directors consider it appropriate to prepare the financial statements on the going concern basis as they expect this support dor the foreseeable future.

TURNOVER

Turnover is measured at the fair value of the consideration receivable for property rental net of discounts and excluding value added tax.

Turnover from property investment is recognised in accordance to the agreed rental lease between the relevant parties.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Any aggregate unrealised surplus or deficit arising from changes in fair value is initially recognised in the profit and loss account with a subsequent transfer of this value to a non-distributable reserve.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the period 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 period end and that are expected to apply to the reversal of the timing difference.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

211,572

Revaluations

18,428

At 31 January 2025

230,000

NET BOOK VALUE

At 31 January 2025

230,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

9,928

Cost

220,072

230,000

If investment property had not been revalued it would have been included at the following historical cost:

£

Cost

220,072

Investment property was valued on an open market basis on 31 January 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

15

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

94,853

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

142,550

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

142,550

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

142,550

Bank loans of £142,550 from Paragon Banking Group are secured by a standard security over the investment property owned by the company

9.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Revalued assets

1,886

Deferred

tax

£

Provided during period

1,886

Balance at 31 January 2025

1,886

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary A

£1

2

Ordinary A shares have full rights in the company with respect to voting, dividends and distributions.

11.	RELATED PARTY DISCLOSURES

Included in 'Other creditors' is an amount of £92,998 due to the directors from the company. These loans are interest free and have no fixed terms of repayment.