REGISTERED NUMBER: 11870091 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Thor Holdings Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

7

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thor Holdings Limited for the year ended 31 August 2025 which comprise the Income statement, Statement of financial position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thor Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 20 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Thor Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Thor Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thor Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thor Holdings Limited 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 profit of Thor Holdings Limited. You consider that Thor Holdings Limited 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 Thor Holdings Limited. 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.

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

26 May 2026

Fixed assets

Investments

5

1,500,000

1,500,000

Investment property

6

200,000

195,000

1,700,000

1,695,000

Current assets

Debtors

7

152,035

127,220

Cash at bank

13,162

5,194

165,197

132,414

Creditors

Amounts falling due within one year

8

1,457,286

1,457,221

Net current liabilities

(1,292,089

)

(1,324,807

)

Total assets less current liabilities

407,911

370,193

Capital and reserves

Called up share capital

100

100

Retained earnings

407,811

370,093

407,911

370,193

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 May 2026 and were signed on its behalf by:

R Morjaria - Director

1.	Statutory information

Thor Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11870091

Registered office:

185 Fengate

Peterborough

Cambridgeshire

United Kingdom

PE1 5PE

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

Due to a change in the company's year end, the current financial statements cover a period of 12 months, whereas, the comparative figures cover a period of 17 months. Therefore the comparative figures may not be entirely comparable

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	Employees and directors

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

5.	Fixed asset investments

Other

investments

£

Cost

At 1 September 2024

and 31 August 2025

1,500,000

Net book value

At 31 August 2025

1,500,000

At 31 August 2024

1,500,000

6.	Investment property

Total

£

Fair value

At 1 September 2024

195,000

Revaluations

5,000

At 31 August 2025

200,000

Net book value

At 31 August 2025

200,000

At 31 August 2024

195,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2024

13,048

Valuation in 2025

5,000

Cost

181,952

200,000

7.

Debtors

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

53

-

Directors' loan accounts

130,780

106,056

Tax

22

-

VAT

16

-

130,871

106,056

Amounts falling due after more than one year:

Other debtors

21,164

21,164

Aggregate amounts

152,035

127,220

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

1,455,522

1,435,628

Corporation tax

-

19,192

Accruals and deferred income

1,764

2,401

1,457,286

1,457,221

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31 August 2025 and the period ended 31 August 2024:

2025

2024

£

£

R Morjaria and Mrs N Morjaria

Balance outstanding at start of year

106,055

62,709

Amounts advanced

126,223

241,746

Amounts repaid

(101,498

)

(198,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

130,780

106,055

Overdrawn balances exceeding £20,000 during the year have been charged at the official rate of interest.

10.	Related party transactions

Thor Holdings Limited owns 100% of Thor Motor Factors Ltd. Mr R Morjaria owned 75% of the ordinary shares in the company at the year end and Mrs N Morjaria owned 25% of the ordinary shares in the company.

At 31 August 2025, Thor Holdings Limited owes a balance of £49,204 (2023: £50,204) to Thor Car Parts and Accessories Limited.

At 31 August 2025, Thor Holdings Limited owes a balance of £1,406,318 (2023: £1,385,424) to Thor Motor Factors Limited.