REGISTERED NUMBER: 10492008 (England and Wales)

THG NO 2 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Kathuria

Mr R Kathuria

SECRETARY:

Mr R Kathuria

REGISTERED OFFICE:

204 Winsford Avenue

Coventry

Warwickshire

CV5 9NB

REGISTERED NUMBER:

10492008 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

4

1,344,665

1,364,556

CURRENT ASSETS

Stocks

-

26,225

Debtors

5

651,903

768,422

Cash at bank

65,907

269,701

717,810

1,064,348

CREDITORS

Amounts falling due within one year

6

1,113,637

1,130,247

NET CURRENT LIABILITIES

(395,827

)

(65,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

948,838

1,298,657

CREDITORS

Amounts falling due after more than one year

7

448,672

520,873

NET ASSETS

500,166

777,784

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

500,066

777,684

500,166

777,784

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th December 2025 and were signed on its behalf by:

Mr S Kathuria - Director

1.	STATUTORY INFORMATION

Thg No 2 Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

at variable rates on reducing balance

Plant and machinery etc

-

20% 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.

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 year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2024

1,417,500

159,329

1,576,829

Additions

-

20,834

20,834

At 31st January 2025

1,417,500

180,163

1,597,663

DEPRECIATION

At 1st February 2024

93,988

118,285

212,273

Charge for year

28,350

12,375

40,725

At 31st January 2025

122,338

130,660

252,998

NET BOOK VALUE

At 31st January 2025

1,295,162

49,503

1,344,665

At 31st January 2024

1,323,512

41,044

1,364,556

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

651,903

768,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

101,943

102,725

Trade creditors

176,542

332,561

Taxation and social security

149,275

198,860

Other creditors

685,877

496,101

1,113,637

1,130,247

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

448,672

520,873

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

550,615

623,598

The company's bankers, Barclays Bank PLC, hold a debenture, comprising fixed and floating charges and a negative pledge over all property and undertaking of the company.

9.	RELATED PARTY DISCLOSURES

The following related party balances existed as at the reporting date and are included within creditors:

2025 2024

£ £

Talash Ltd Falstaff 47,154 47,154

Talash Hotel No 4 Ltd 97,601 91,275

Talash Hotel Ltd 216,556 300,875

Stoke Rochford 1 Ltd 161,818 -

- THG 1 Ltd 85,738 -

THG No 3 Ltd 32,448 31,812

641,315 471,116

======= ========

The following related party balances existed as at the reporting date and are included within debtors:

2025 2024

£

Chimney House 1 Ltd 123,064 123,064

Talash Hotel No 5 Ltd 776 776

Stoke Rochford 1 Ltd - 8,182

THG No 1 Ltd - 9,929

Risley Ltd 166,494 166,077

Honiley Ltd 342,663 342,663

Quorn Ltd 18,906 18,906

651,903 669,597

====== ======

The above entities are under common control of the directors, all amounts are interest free and considered repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr S Kathuria and Mr R Kathuria