REGISTERED NUMBER: 10637609 (England and Wales)

THG NO 3 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

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

West Midlands

CV5 9NB

REGISTERED NUMBER:

10637609 (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

1,243,967

1,279,202

CURRENT ASSETS

Stocks

22,010

21,575

Debtors

5

595,845

562,394

Cash at bank and in hand

1,704,410

1,534,979

2,322,265

2,118,948

CREDITORS

Amounts falling due within one year

6

979,019

1,381,331

NET CURRENT ASSETS

1,343,246

737,617

TOTAL ASSETS LESS CURRENT LIABILITIES

2,587,213

2,016,819

CREDITORS

Amounts falling due after more than one year

7

750,346

767,987

NET ASSETS

1,836,867

1,248,832

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,836,767

1,248,732

SHAREHOLDERS' FUNDS

1,836,867

1,248,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 30th December 2025 and were signed on its behalf by:

Mr S Kathuria - Director

1.	STATUTORY INFORMATION

Thg No 3 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.

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 13 (2023 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

and 31st December 2024

1,323,000

87,170

110,450

706

1,521,326

DEPRECIATION

At 1st January 2024

141,867

16,732

83,005

520

242,124

Charge for year

26,460

1,760

6,969

46

35,235

At 31st December 2024

168,327

18,492

89,974

566

277,359

NET BOOK VALUE

At 31st December 2024

1,154,673

68,678

20,476

140

1,243,967

At 31st December 2023

1,181,133

70,438

27,445

186

1,279,202

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

-

154,115

VAT

41,901

52,656

41,901

206,771

Amounts falling due after more than one year:

Other debtors

553,944

355,623

Aggregate amounts

595,845

562,394

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

660

660

Trade creditors

502,223

849,434

Taxation and social security

470,743

339,721

Other creditors

5,393

191,516

979,019

1,381,331

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,022

128,883

Other creditors

744,324

639,104

750,346

767,987

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,022

128,883

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end company owed the following amounts to its directors -

Mr S Kathuria - £ 0 (2023) £ 53,391

Mr R Kathuria - £ 0 (2023) £ 107,500