THP Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04664338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C Hart FCA

M A Boulter FCA FCCA

K L Demeza FCA

A Green FCA

L M Daley FCA FCCA

K Brasser FCCA

M Ingle FCA

S Hameed FCA FCCA

M S Girdlestone FCA

SECRETARY:

M A Boulter FCA FCCA

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

04664338 (England and Wales)

FIXED ASSETS

Intangible assets

4

37,258

101,497

Tangible assets

5

83,460

52,915

120,718

154,412

CURRENT ASSETS

Debtors

6

1,214,620

839,547

Cash at bank and in hand

631,855

975,501

1,846,475

1,815,048

CREDITORS

Amounts falling due within one year

7

902,373

908,950

NET CURRENT ASSETS

944,102

906,098

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,820

1,060,510

PROVISIONS FOR LIABILITIES

18,210

12,508

NET ASSETS

1,046,610

1,048,002

CAPITAL AND RESERVES

Called up share capital

9

11,531

Capital redemption reserve

10

9,632

Retained earnings

10

1,025,447

1,026,839

SHAREHOLDERS' FUNDS

1,046,610

1,048,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 1 October 2026 and were signed on its behalf by:

M A Boulter FCA FCCA - Director

A C Hart FCA - Director

1.	STATUTORY INFORMATION

THP 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.

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

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.

Going concern

The financial statements have been prepared on the going concern basis.

In assessing the appropriateness of this basis, the directors have considered the company's current trading performance, future forecasts and cash flow projections for a period of at least twelve months from the date of approval of these financial statements.

The directors have reviewed forecast trading results and cash flows and are satisfied that the company has adequate financial resources to meet its obligations as they fall due.

Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about THP Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition

Turnover represents amounts receivable from professional services provided during the year, excluding VAT, together with movements in unbilled amounts recoverable on work performed.

Goodwill

Goodwill represents the excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired.

Goodwill is carried at cost less accumulated amortisation and impairment losses.

Goodwill is being amortised on a straight-line basis over its estimated useful economic life of 5 years.

The useful economic life reflects the directors' estimate of the period over which the acquired client relationships and associated economic benefits are expected to be realised.

Goodwill is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.

Tangible fixed assets

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

Property improvements

-

20% on cost

Office & IT equipment

-

20% - 33% on cost

Fixtures & fittings

-

20% on cost

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.

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.

The company has no material finance lease arrangements at the balance sheet date.

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 49 (2025 - 48 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

3,481,658

AMORTISATION

At 1 April 2025

3,380,161

Charge for year

64,239

At 31 March 2026

3,444,400

NET BOOK VALUE

At 31 March 2026

37,258

At 31 March 2025

101,497

The goodwill balance relates to the acquisition of accountancy practice businesses and client portfolios.

The directors consider that the useful economic life of the goodwill is 5 years, reflecting the expected period over which the acquired client relationships will generate economic benefits for the company.

5.	TANGIBLE FIXED ASSETS

Office &

Property

IT

Fixtures

improvements

equipment

& fittings

Totals

£

COST

At 1 April 2025

12,090

122,928

58,573

193,591

Additions

9,348

27,508

18,099

54,955

Disposals

(12,090

)

(12,975

)

(8,532

)

(33,597

)

At 31 March 2026

9,348

137,461

68,140

214,949

DEPRECIATION

At 1 April 2025

12,090

70,013

58,573

140,676

Charge for year

1,091

21,579

1,740

24,410

Eliminated on disposal

(12,090

)

(12,975

)

(8,532

)

(33,597

)

At 31 March 2026

1,091

78,617

51,781

131,489

NET BOOK VALUE

At 31 March 2026

8,257

58,844

16,359

83,460

At 31 March 2025

-

52,915

-

52,915

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

624,983

546,618

Amounts recoverable on work performed

185,295

170,766

Other debtors

9,434

8,095

Directors' loan accounts

250,000

-

Prepayments and accrued income

144,908

114,068

1,214,620

839,547

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Hire purchase contracts (see note 8)

-

12,200

Trade creditors

98,717

68,077

Corporation tax

85,609

81,417

Social security and other taxes

60,138

57,514

VAT

191,322

176,205

Other creditors

7,277

23,872

Directors' current accounts

332

4,151

Accruals and deferred income

458,978

485,514

902,373

908,950

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

-

12,200

Non-cancellable

operating leases

2026

2025

£

Within one year

42,186

41,253

Between one and five years

46,873

77,011

89,059

118,264

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2,575,000

B Ordinary

0.1p

2,575

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

89,563

Ordinary

10p

8,956

The holders of the B Ordinary Shares are not entitled to receive notice of, or attend, or vote at any General Meeting of the Company.

The Directors may at any time resolve to declare a dividend on one or more classes of share and not one or other classes.

On dissolution of the Company, the surplus assets of the company, after settling its liabilities, shall be distributed in the following order :-

1. Paying the Ordinary Shares an amount per share equal to the sum paid up or credited as paid up.

2. Paying the B Ordinary Shares an amount per share equal to the sum paid up or credited as paid up.

3. Paying the balance of the remaining assets to the Ordinary Shares in proportion to the amounts paid up or credited as paid.

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 April 2025

1,026,839

9,632

1,036,471

Profit for the year

208,643

-

208,643

Dividends

(210,035

)

-

(210,035

)

At 31 March 2026

1,025,447

9,632

1,035,079

11.	DIRECTOR'S LOAN

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

M A Boulter FCA FCCA

Balance outstanding at start of year

-

Amounts advanced

250,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

250,000

-

At 31 March 2026, amounts due from a director totalled £250,000 (2025: £nil). The balance was secured, interest free and repayable on demand. The balance was repaid in full on 23 June 2026.