ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Company registration number: 11864594

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	THI INVESTMENTS U.K. LIMITED


THI INVESTMENTS U.K. LIMITED REGISTERED NUMBER:11864594

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025


	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		55,311		37,961
			55,311		37,961
Current assets
Debtors	5	3,410,575		3,061,022
Cash at bank and in hand		1,219,136		1,129,261
		4,629,711		4,190,283
Creditors: amounts falling due within one year	6	(2,984,373)		(2,845,805)
Net current assets			1,645,338		1,344,478
Total assets less current liabilities			1,700,649		1,382,439
Provisions for liabilities
Deferred tax		(13,285)		(9,490)
			(13,285)		(9,490)
Net assets			1,687,364		1,372,949

Capital and reserves
Called up share capital	100	100
Profit and loss account	1,687,264	1,372,849
	1,687,364	1,372,949

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mihir Kotecha

Director

Date: 4 August 2026

The notes on pages 2 to 6 form part of these financial statements.

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THI INVESTMENTS U.K. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

THI Investments U.K. Limited is a private company limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of the registered office and registered number can be found on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents services provided on a cost plus basis against administrative expenses in the period to which they relate. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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THI INVESTMENTS U.K. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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THI INVESTMENTS U.K. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

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 includes 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

				Office equipment	-	25%	reducing balance
				Computer equipment	-	33%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Financial instruments

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

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 9).

Page 4


THI INVESTMENTS U.K. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost
At 1 January 2025	95,162	71,844	167,006
Additions	2,046	29,243	31,289
At 31 December 2025	97,208	101,087	198,295
Depreciation
At 1 January 2025	63,689	65,356	129,045
Charge for the year on owned assets	8,124	5,815	13,939
At 31 December 2025	71,813	71,171	142,984
Net book value
At 31 December 2025	25,395	29,916	55,311
At 31 December 2024	31,473	6,488	37,961

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THI INVESTMENTS U.K. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors


					2025	2024
					£	£


Trade debtors	2,969,450	2,447,399
Other debtors	3,900	30,670
Prepayments and accrued income	437,225	582,953
	3,410,575	3,061,022

Trade creditors	8,687	280,975
Amounts owed to group undertakings	116,235	-
Corporation tax	109,969	72,388
Other taxation and social security	93,192	186,712
Other creditors	2,172	-
Accruals	2,654,118	2,305,730
	2,984,373	2,845,805

Not later than 1 year	205,337	165,360
Later than 1 year and not later than 5 years	25,097	20,211
	230,434	185,571

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 4 August 2026 by Sarah Hallam FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

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