IRIS Accounts Production v26.1.10.61 03580726 Board of Directors 1.1.25 31.12.25 31.12.25 Medium entities true false true true false false true true true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03580726 2024-12-31 03580726 2025-12-31 03580726 2025-01-01 2025-12-31 03580726 2023-12-31 03580726 2024-01-01 2024-12-31 03580726 2024-12-31 03580726 ns15:EnglandWales 2025-01-01 2025-12-31 03580726 ns14:PoundSterling 2025-01-01 2025-12-31 03580726 ns10:Director1 2025-01-01 2025-12-31 03580726 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03580726 ns10:MediumEntities 2025-01-01 2025-12-31 03580726 ns10:Audited 2025-01-01 2025-12-31 03580726 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 03580726 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03580726 ns10:FullAccounts 2025-01-01 2025-12-31 03580726 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 03580726 ns10:Director2 2025-01-01 2025-12-31 03580726 ns10:Director4 2025-01-01 2025-12-31 03580726 ns10:CompanySecretary1 2025-01-01 2025-12-31 03580726 ns10:RegisteredOffice 2025-01-01 2025-12-31 03580726 ns10:Director3 2025-01-01 2025-12-31 03580726 ns5:CurrentFinancialInstruments 2025-12-31 03580726 ns5:CurrentFinancialInstruments 2024-12-31 03580726 ns5:ShareCapital 2025-12-31 03580726 ns5:ShareCapital 2024-12-31 03580726 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 03580726 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 03580726 ns5:ShareCapital 2023-12-31 03580726 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 03580726 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 03580726 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 03580726 1 2025-01-01 2025-12-31 03580726 ns5:ReportableOperatingSegment1 2025-01-01 2025-12-31 03580726 ns5:ReportableOperatingSegment1 2024-01-01 2024-12-31 03580726 ns5:ReportableOperatingSegment2 2025-01-01 2025-12-31 03580726 ns5:ReportableOperatingSegment2 2024-01-01 2024-12-31 03580726 ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount 2025-01-01 2025-12-31 03580726 ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount 2024-01-01 2024-12-31 03580726 ns5:OwnedAssets 2025-01-01 2025-12-31 03580726 ns5:OwnedAssets 2024-01-01 2024-12-31 03580726 ns5:PlantMachinery 2024-12-31 03580726 ns5:FurnitureFittings 2024-12-31 03580726 ns5:PlantMachinery 2025-01-01 2025-12-31 03580726 ns5:FurnitureFittings 2025-01-01 2025-12-31 03580726 ns5:PlantMachinery 2025-12-31 03580726 ns5:FurnitureFittings 2025-12-31 03580726 ns5:PlantMachinery 2024-12-31 03580726 ns5:FurnitureFittings 2024-12-31 03580726 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 03580726 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 03580726 ns5:AcceleratedTaxDepreciationDeferredTax 2025-12-31 03580726 ns5:AcceleratedTaxDepreciationDeferredTax 2024-12-31 03580726 ns5:DeferredTaxation 2024-12-31 03580726 ns5:DeferredTaxation 2025-01-01 2025-12-31 03580726 ns5:DeferredTaxation 2025-12-31 03580726 ns10:OrdinaryShareClass1 2025-12-31 03580726 ns5:RetainedEarningsAccumulatedLosses 2024-12-31

REGISTERED NUMBER: 03580726 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 31st December 2025 |

| for |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Contents of the Financial Statements

for the year ended 31st December 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Statement of Directors' Responsibilities | 5 |

| Report of the Independent Auditors | 6 |

| Statement of Comprehensive Income | 9 |

| Statement of Financial Position | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED |

Company Information

for the year ended 31st December 2025

| DIRECTORS: | V Khanna

| K Khanna

| N N Khanna

| SECRETARY: | K Jeyavarathan

| REGISTERED OFFICE: | North Farm Industrial Estate

| Longfield Road

| Tunbridge Wells

| Kent

| TN2 3EY

| REGISTERED NUMBER: | 03580726 (England and Wales)

| AUDITORS: | TC Group

| Statutory Auditor

| 3rd Floor, Suffolk House

| George Street

| Croydon

| CR0 0YN

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Strategic Report

for the year ended 31st December 2025

The directors present their strategic report for the year ended 31st December 2025.

REVIEW OF BUSINESS

The company reports revenues of £19,115,212 for the year, remaining similar to prior year (2024 - £19,117,575), and a gross profit of £665,890 (2024 - £736,686). The company's gross profit margin decreased to 3.5%, from 3.9% in the prior year. These results are a reflection of the decrease in sales volume for new and used cars. Overall the company reports a loss before tax for the financial year of £119,646 (2024 - £167,949).

At the year end date, the company reports a net asset position of £1,172,045 (2024 - £1,287,070).

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company include the following:

Product cycle risk

As new vehicles move through their natural life cycle, the company's ability to maintain adequate margins can be impaired. In order to minimise the impact of this the Board has developed broad based income sources with multiple new franchises and the generation of significant contributions from non franchise operations including used vehicle sales, accident repair, service repair and component sales.

Competition risk

The markets in which the company operates are highly competitive and there is a risk that the company's customers will look to alternative sources for products and services offered by the company. The Board has mitigated this risk by building a strong reputation for customer services, expanding its manufacturer representation, constantly monitoring quality of work and value for money. The company continues to monitor competitor activity, customer views and their level of satisfaction and invests significantly in staff training and skills development, from full apprenticeships to continual improvement of all managers.

Stock value risk

The company is exposed, as are all businesses in the motor industry, to the risk of the value of its stock in trade falling, due to general economic or industry specific factors. The Directors mitigate this risk through a two-fold policy of ensuring the company only carries stock of a suitable profile and price range that is appropriately aged, and by a strict monthly write-down policy that immediately recognises any fall in value through its income statement.

Credit risk

The company's credit risk relates to any overdraft and vehicle stocking loan facilities held by the company and other group companies. These facilities are secured against the assets of all group companies and are reviewed annually.

Liquidity risk

The company ensures that sufficient liquidity is available to meet forseeable needs. The company is liable with group companies to its bankers in respect of overdrafts and loans operated by those companies under the terms of an unlimited multilateral guarantee.

The risks are reviewed and managed through the company's business performance and risk management processes.

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Strategic Report

for the year ended 31st December 2025

KEY PERFORMANCE INDICATORS

The directors constantly monitor a number of key performance indicators to ensure optimal business performance.

For example, profit before tax margins, like for like sales, and comparisons of the ratio of new and used vehicle sales against industry averages, and the ageing of stock are regularly reviewed, on at least a monthly basis.

Turnover in the year has remained similar to prior year.

ON BEHALF OF THE BOARD:

K Khanna - Director

29th June 2026

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Report of the Directors

for the year ended 31st December 2025

The directors present their report with the financial statements of the company for the year ended 31st December 2025.

PRINCIPAL ACTIVITIES

The principal activity of the company continued to be the trade in new and used motor vehicles and their servicing.

DIVIDENDS

No dividends will be distributed for the year ended 31st December 2025.

FUTURE DEVELOPMENTS

The main focus of the company will be to continue to build on business performance. The directors believe that the company is in a good financial position and that the risks that have been identified are being well managed.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2025 to the date of this report.

V Khanna

A E Khanna

K Khanna

N N Khanna

Other changes in directors holding office are as follows:

A E Khanna ceased to be a director after 31st December 2025 but prior to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT

The principal risks and uncertainties facing the company have been considered in the Strategic Report.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

K Khanna - Director

29th June 2026

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Statement of Directors' Responsibilities

for the year ended 31st December 2025

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Report of the Independent Auditors to the Members of

Thames Motor Group (Tunbridge Wells)

Limited

Opinion

We have audited the financial statements of Thames Motor Group (Tunbridge Wells) Limited (the 'company') for the year ended 31st December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31st December 2025 and of its loss for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Thames Motor Group (Tunbridge Wells)

Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- |  | We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which it operates, through discussions with management and those charged with governance, and also from our detailed understanding of the sector. We identified the financial reporting framework including but not limited to United Kingdom Generally Accepted Accounting Practice and the Companies Act, The Data Protection Act 2018, The Consumer Rights Act 2015, The Trade Descriptions Act 1968 , The Health and Safety at Work Act 1974 and tax legislation as all being of significance in the context of Thames Motor Group (Tunbridge Wells) Limited and its ongoing activities. |

- |  | We made enquiries with management and those charged with governance to confirm our understanding that the company continued to comply with the applicable legal and regulatory frameworks, and also to confirm our understanding of the specific policies and procedures enlisted by the company to ensure ongoing compliance. |

Report of the Independent Auditors to the Members of

Thames Motor Group (Tunbridge Wells)

Limited

- |  | We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud may occur, and gained an understanding of the company's policies and procedures on fraud risks through discussion with the company's management. |

- |  | We considered the risk of material misstatement due to fraud as a result of possible management override of controls, and improper revenue recognition. To address these risks we tested the appropriateness of journal entries posted, reviewed those judgements made in making accounting estimates, and tested the application of revenue recognition and the cut-off of revenue. |

- |  | We communicated those laws and regulations considered relevant to the company, and potential fraud risks to all engagement team members, and consider that the engagement team had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations, and remained alert to any indications of fraud throughout the audit. |

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alasdair Weaks (Senior Statutory Auditor)

For and on behalf of TC Group

Statutory Auditor

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

29th June 2026

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Statement of Comprehensive

Income

for the year ended 31st December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

REVENUE | 4 | 19,115,212 |  | 19,117,575 |  |

Cost of sales | (18,449,322 | ) | (18,380,889 | ) |

GROSS PROFIT | 665,890 |  | 736,686 |  |

Administrative expenses | (790,202 | ) | (928,581 | ) |

(124,312 | ) | (191,895 | ) |

Other operating income | 5,439 |  | 25,000 |  |

OPERATING LOSS | 6 | (118,873 | ) | (166,895 | ) |

Interest payable and similar expenses | 7 | (773 | ) | (1,054 | ) |

LOSS BEFORE TAXATION | (119,646 | ) | (167,949 | ) |

Tax on loss | 8 | 4,621 |  | 1,394 |  |

LOSS FOR THE FINANCIAL YEAR | (115,025 | ) | (166,555 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (115,025 | ) | (166,555 | ) |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Statement of Financial Position

31st December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 9 | 68,865 |  | 88,192 |  |

CURRENT ASSETS

Inventories | 10 | 2,025,069 |  | 1,903,357 |  |

Debtors | 11 | 504,147 |  | 651,523 |  |

Cash at bank | 109,884 |  | 175,109 |  |

2,639,100 |  | 2,729,989 |  |

CREDITORS

Amounts falling due within one year | 12 | 1,519,666 |  | 1,510,236 |  |

NET CURRENT ASSETS | 1,119,434 |  | 1,219,753 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,188,299 |  | 1,307,945 |  |

PROVISIONS FOR LIABILITIES | 14 | 16,254 |  | 20,875 |  |

NET ASSETS | 1,172,045 |  | 1,287,070 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 100,000 |  | 100,000 |  |

Retained earnings | 16 | 1,072,045 |  | 1,187,070 |  |

SHAREHOLDERS' FUNDS | 1,172,045 |  | 1,287,070 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 29th June 2026 and were signed on its behalf by:

K Khanna - Director

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Statement of Changes in Equity

for the year ended 31st December 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1st January 2024 | 100,000 |  | 1,353,625 |  | 1,453,625 |  |

Changes in equity

Total comprehensive income | - |  | (166,555 | ) | (166,555 | ) |

Balance at 31st December 2024 | 100,000 |  | 1,187,070 |  | 1,287,070 |  |

Changes in equity

Total comprehensive income | - |  | (115,025 | ) | (115,025 | ) |

Balance at 31st December 2025 | 100,000 |  | 1,072,045 |  | 1,172,045 |  |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements

for the year ended 31st December 2025

1. | STATUTORY INFORMATION

| The principal activity of the company continued to be that of the trading in new and used motor vehicles, and their related servicing.

| The company is a private company limited by shares and is registered in England and Wales. The address of its registered office and principal place of business is North Farm Industrial Estate, Longfield Road, Tunbridge Wells, Kent, TN2 3EY.

| The financial statements have been prepared in pounds sterling, the functional currency of the company, and monetary amounts in these financial statements have been rounded to the nearest £.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirement of paragraph 3.17(d);

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26 to 12.29;

| • | the requirement of paragraph 33.7.

| This information is included in the consolidated financial statements of Thames Motor Group Limited as at 31st December 2025, which may be obtained from the company's registered office.

| Turnover

| Turnover is recognised to the extent that it is probable the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Sale of goods

| Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

| - |  | the company has transferred the significant risks and rewards of ownership to the buyer; |  |

| - |  | the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; |  |

| - |  | the amount of revenue can be measured reliably; |  |

| - |  | it is probable that the company will receive the consideration due under the transaction; |  |

| - |  | the costs incurred or to be incurred in respect of the transaction can be measured reliably. |  |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided, when all of the following conditions are satisfied:

| - |  | the amount of revenue can be measured reliably; |  |

| - |  | it is probable that the company will receive the consideration due under the contract; |  |

| - |  | the stage of completion of the contract at the end of the reporting period can be measured reliably, and; |  |

| - |  | the costs incurred and the costs to complete the contract can be measured reliably. |  |

| Manufacturer bonuses and commission income

| Manufacturer bonuses are considered to be a reduction in the cost of the vehicles sold and are credited against cost of sales in the Statement of Comprehensive Income. Commissions receivable for arranging vehicle financing are included in turnover.

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

| Plant and machinery |  | - 5 - 10 years straight line |  |

| Fixtures and fittings |  | - 5 - 10 years straight line |  |

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income.

| Stocks

| Stocks are stated at the lower of cost and the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from financial institutions and loans to and from related parties.

| 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 case of an out-right short-term loan not at market value, 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 cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

| Provisions for liabilities

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying value of assets and liabilities. The directors' judgement, estimates and assumptions are based on the best and most reliable evidence at the time when the decisions are made and are based on historical experience and other factors that are considered to be applicable. Due to the inherent sensitivity involved in making judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised prospectively.

| In assessing whether there have been any indicators of impairment to assets, the directors consider both external and internal sources of information such as market conditions and experience of recoverability and establish a provision for receivables that are estimated not to be recoverable.

| Incentives and other rebates from brand partners

| The company receives income in the form of various incentives which are determined by the brand partners. The amount received is generally based on achieving specific sales volume, as well as other objectives including maintaining brand partner standards which may include retail centre image and design requirements, customer satisfaction survey results and trading standards. Objectives are generally set and measured on either a quarterly or annual basis.

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

| Where incentives are based on specific sales volume or number of registrations, the related income is recognised as a reduction in cost of sales when it is reasonably certain that the income has been earned. This is generally the later of the date the vehicles are sold or registered or when it is reasonably certain that the related target will be met. Where incentives are linked to retail centre image and design requirements, customer satisfaction survey results or trading standards, they are recognised as a reduction to cost of sales when it is reasonably certain that the incentive will be received for the relevant period.

| The company may also receive contributions towards advertising and promotional expenditure. Where such contributions are received they are recognised as a reduction in the related expenditure in the period to which they relate.

| Product warranty provision

| The product warranty provision requires an estimation of the number of expected warranty claims and the expected cost of labour and parts necessary to satisfy them.

| Provisions against slow moving inventory

| The company establishes a provision for slow moving inventory. When determining the provision, the directors consider factors such as the amount of the inventory holding and subsequent sales.

| Determining residual values and useful economic lives of property, plant and equipment

| The company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied by management. The actual lives of these assets can vary depending on a variety of factors, including technical innovation, product life cycles and maintenance programmes.

4. | REVENUE

| The revenue and loss before taxation are attributable to the principal activities of the company.

| An analysis of revenue by class of business is given below:

| 31.12.25 |  | 31.12.24

£ | £ |

| Sale of goods | 18,188,382 |  | 18,278,559 |  |

| Servicing of vehicles | 926,830 |  | 839,016 |  |

19,115,212 |  | 19,117,575 |  |

| All revenue arose within the United Kingdom.

5. | EMPLOYEES AND DIRECTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Wages and salaries | 818,756 |  | 770,663 |  |

| Social security costs | 145,387 |  | 108,552 |  |

| Other pension costs | 22,661 |  | 23,212 |  |

986,804 |  | 902,427 |  |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

5. | EMPLOYEES AND DIRECTORS - continued

| The average number of employees during the year was as follows:

| 31.12.25 |  | 31.12.24

| Workshop and parts | 16 |  | 20 |  |

| Office and management | 10 |  | 8 |  |

| Sales | 12 |  | 10 |  |

38 |  | 38 |  |

| 31.12.25 |  | 31.12.24

£ | £ |

| Directors' remuneration | - |  | - |  |

6. | OPERATING LOSS

| The operating loss is stated after charging:

| 31.12.25 |  | 31.12.24

£ | £ |

| Depreciation - owned assets | 35,454 |  | 42,463 |  |

| Auditor remuneration | 8,900 |  | 9,150 |  |

| Auditor remuneration for non audit work | 1,500 |  | 1,500 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank interest | 773 |  | 1,054 |  |

8. | TAXATION

| Analysis of the tax credit

| The tax credit on the loss for the year was as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax:

| Timing differences | (4,621 | ) | (1,394 | ) |

| Tax on loss | (4,621 | ) | (1,394 | ) |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

8. | TAXATION - continued

| Reconciliation of total tax credit included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.12.25 |  | 31.12.24

£ | £ |

| Loss before tax | (119,646 | ) | (167,949 | ) |

| Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | (29,912 | ) | (41,987 | ) |

| Effects of:

| Depreciation in excess of capital allowances | 4,621 |  | 1,394 |  |

| Group relief | 25,291 |  | 40,593 |  |

| Deferred taxation movements | (4,621 | ) | (1,394 | ) |

| Total tax credit | (4,621 | ) | (1,394 | ) |

9. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025 | 344,172 |  | 396,039 |  | 740,211 |  |

| Additions | 4,120 |  | 12,007 |  | 16,127 |  |

| At 31st December 2025 | 348,292 |  | 408,046 |  | 756,338 |  |

| DEPRECIATION

| At 1st January 2025 | 278,918 |  | 373,101 |  | 652,019 |  |

| Charge for year | 23,007 |  | 12,447 |  | 35,454 |  |

| At 31st December 2025 | 301,925 |  | 385,548 |  | 687,473 |  |

| NET BOOK VALUE

| At 31st December 2025 | 46,367 |  | 22,498 |  | 68,865 |  |

| At 31st December 2024 | 65,254 |  | 22,938 |  | 88,192 |  |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

10. | INVENTORIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Work-in-progress | 22,802 |  | 35,846 |  |

| Vehicle stock | 1,845,342 |  | 1,754,422 |  |

| Parts stock | 156,925 |  | 113,089 |  |

2,025,069 |  | 1,903,357 |  |

| Vehicle stock is subject to stock finance agreements. Obligations under these agreements are secured and details of the security are given in note 13.

| The company has arrangements with manufacturers of motor vehicles to obtain stock of new vehicles under the terms of consignment agreements. Stocks subject to these agreements are not treated as assets of the company until legal title is transferred. At the year end consignment stock held by the company was £1,179,523 (2024 - £1,460,583). The company does not usually pay a deposit when stock is consigned. Payment for the stock falls due at the earlier of:

| - |  | the date when the stock is sold to a third party, and |  |

| - |  | six months from the date of consignment. |  |

| The company is able to return stock (subject to an administration fee) and is not subject to obsolescence or slow movement risk. The price of stock is determined when it is sold to a third party.

| Consignment stock is therefore not included in the balance sheet.

| Included within stock is a provision against slow-moving and obsolete vehicle stock. The provision has decreased in the year creating an impairment gain of £6,470 (2024 - £37,560) which was recognised in the Statement of Comprehensive Income.

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 310,205 |  | 567,798 |  |

| Amounts owed by group undertakings | 35,023 |  | 38,830 |  |

| Other debtors | 71,877 |  | 19,879 |  |

| VAT | 61,000 |  | - |  |

| Prepayments and accrued income | 26,042 |  | 25,016 |  |

504,147 |  | 651,523 |  |

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Vehicle stocking loan (see note 13) | 537,012 |  | - |  |

| Trade creditors | 363,516 |  | 612,494 |  |

| Amounts owed to group undertakings | 560,000 |  | 800,000 |  |

| Social security and other taxes | 26,610 |  | 27,227 |  |

| VAT | - |  | 27,465 |  |

| Other creditors | 4,972 |  | 739 |  |

| Accruals and deferred income | 27,556 |  | 42,311 |  |

1,519,666 |  | 1,510,236 |  |

13. | LOANS

| An analysis of the maturity of loans is given below:

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts falling due within one year or on demand:

| Vehicle stocking loan | 537,012 |  | - |  |

| The company is liable, along with Thames Motor Group (Slough) Limited, a related group company, in respect of vehicle stocking loans. The full potential group liability as at the balance sheet date was £704,678 (2024 - £39,964), which is secured against the two companies' vehicle stock of £6,406,279 (2024 - £6,621,620).

| The company's vehicle stocking loan liability of £537,012 (2024 - £Nil) is secured against vehicle stock of £1,845,342.

14. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 16,254 |  | 20,875 |  |

| Deferred |

| tax |

£ |

| Balance at 1st January 2025 | 20,875 |  |

| Utilised during year | (4,621 | ) |

| Balance at 31st December 2025 | 16,254 |  |

| All deferred tax amounts relate to fixed asset timing differences and are payable in more than 12 months.

| THAMES MOTOR GROUP (TUNBRIDGE WELLS) |

| LIMITED (REGISTERED NUMBER: 03580726) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 100,000 | Ordinary | £1 | 100,000 |  | 100,000 |  |

| There are no restrictions on the distribution of dividends and the repayment of capital.

16. | RESERVES

| Retained

| earnings

£ |

| At 1st January 2025 | 1,187,070 |  |

| Deficit for the year | (115,025 | ) |

| At 31st December 2025 | 1,072,045 |  |

17. | RELATED PARTY DISCLOSURES

| No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 33 paragraph 33.1(a) as the company itself is a wholly owned subsidiary of Thames Motor Group Limited.

| At the Balance Sheet date an amount of £35,023 remained outstanding from Thames Motor Group (Slough) Limited, a fellow group company (2024 - £38,790). This amount is interest free and payable on demand.

| As of 31 December 2025, the company was owed £8,883 (2024 - £6,727) from Thames Contemporary Homes (Wimbledon) Limited, a company under common control. This amounts is interest free and repayable on demand.

18. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company is Thames Motor Group Limited, a company registered in England and Wales.

| The ultimate controlling party is Mr V Khanna, a director.

| Thames Motor Group Limited prepares consolidated financial statements and copies can be obtained from its registered office, North Farm Industrial Estate, Longfield Road, Tunbridge Wells, Kent, TN2 3EY.