REGISTERED NUMBER: 11381136 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 NOVEMBER 2025

FOR

THM RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms F E Hudson

R H Maynard

J D R Thomson

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

11381136 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

18,712

23,728

CURRENT ASSETS

Stocks

4

16,405

16,405

Debtors

5

24,618

28,074

Cash at bank

5,197

5,788

46,220

50,267

CREDITORS

Amounts falling due within one year

6

201,554

168,607

NET CURRENT LIABILITIES

(155,334

)

(118,340

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(136,622

)

(94,612

)

CREDITORS

Amounts falling due after more than one year

7

17,617

16,747

NET LIABILITIES

(154,239

)

(111,359

)

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

(154,247

)

(111,367

)

(154,239

)

(111,359

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 November 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 21 August 2026 and were signed on its behalf by:

J D R Thomson - Director

1.	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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

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

Long leasehold

-

in accordance with the property

Improvements to property

-

10% straight line

Plant and machinery

-

12.5% straight line

Fixtures and fittings

-

25% straight line

Computer equipment

-

33% straight line

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.

Hire purchase and leasing commitments

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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 23 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 25 November 2024

and 24 November 2025

19,135

10,880

41,669

DEPRECIATION

At 25 November 2024

9,719

7,072

32,700

Charge for year

1,664

1,088

1,582

At 24 November 2025

11,383

8,160

34,282

NET BOOK VALUE

At 24 November 2025

7,752

2,720

7,387

At 24 November 2024

9,416

3,808

8,969

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 25 November 2024

and 24 November 2025

13,021

673

85,378

DEPRECIATION

At 25 November 2024

11,486

673

61,650

Charge for year

682

-

5,016

At 24 November 2025

12,168

673

66,666

NET BOOK VALUE

At 24 November 2025

853

-

18,712

At 24 November 2024

1,535

-

23,728

4.

STOCKS

2025

2024

£

£

Stocks

16,405

16,405

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

19,479

23,214

Prepayments

5,139

4,860

24,618

28,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,741

20,211

Hire purchase contracts

-

3,569

Trade creditors

40,648

46,235

Social security and other taxes

10,869

10,561

VAT

51,746

46,303

Other creditors

34,228

28,713

Directors' loan accounts

24,005

11,515

Accrued expenses

2,317

1,500

201,554

168,607

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

17,617

16,747

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms F E Hudson maintained her loan to the company. As at 24 November 2025, the company owed her £2,537 (2024: £2,536).

Also during the year, R H Maynard decreased his loan to the company. As at 24 November 2025, the company owed him £6,626 (2024: £7,705).

Finally during the year, J D R Thomson increased his loan to the company. As at 24 November 2025, the company owed him £14,842 (2024: £1,274).

This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled jointly by the directors of the company.

10.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £42,880, and as at the year end the current liabilities exceeded current assets by £155,334.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm they will give the required support.