| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 |
| FOR |
| THB PROPERTY LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 |
| FOR |
| THB PROPERTY LIMITED |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 October 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THB PROPERTY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 October 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 London Mews |
| Paddington |
| LONDON |
| W2 1HY |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| BALANCE SHEET |
| 31 October 2025 |
| 31.10.25 | 31.10.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Other reserves | ( |
) |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| BALANCE SHEET - continued |
| 31 October 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 October 2025 |
| 1. | STATUTORY INFORMATION |
| THB Property Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Operating Income |
| Operating income is measured as the fair value of the consideration received or receivable, excluding discounts and rebates. Operating income is in respect of rental income and is recognised on a straight line basis over the terms of the leases. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Investment property |
| In accordance with FRS102, Section 1A, the company's properties are held for long-term investment and are included in the Balance Sheet at their fair values. The surplus or deficit on annual revaluation of such properties are recognised initially in the Income statement and then transferred to Other reserves. The associated movement in deferred tax is also transferred to Other reserves from the profit and loss reserve. |
| Financial instruments |
| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans. |
| The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date. |
| Taxation |
| Taxation for the year comprises of 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. |
| Deferred taxation assets and liabilities are not discounted. |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 October 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| The deferred tax movement on investment property revaluations is transferred to Other reserves. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2024 |
| and 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 October 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2024 |
| Additions |
| Revaluations | (1,307,000 | ) |
| Impairments | (2,597,123 | ) |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| Fair value at 31 October 2025 is represented by: |
| £ |
| Valuation in 2015 | 2,057,905 |
| Valuation in 2016 | 204,000 |
| Valuation in 2017 | 178,949 |
| Valuation in 2018 | 59,689 |
| Valuation in 2020 | (765,098 | ) |
| Valuation in 2021 | 2,761,225 |
| Valuation in 2022 | (3,036,772 | ) |
| Valuation in 2023 | (1,607,925 | ) |
| Valuation in 2025 | (3,904,123 | ) |
| Cost | 16,242,151 |
| 12,190,001 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 31.10.25 | 31.10.24 |
| £ | £ |
| Cost | 16,242,151 | 16,231,903 |
| The investment properties are valued at an open market basis on 31 October 2025 by the directors of the company. The valuations are based on the independent valuations by Hanover Green LLP, 33-34 Great Pulteney St, London, W1F 9NP. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.25 | 31.10.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| THB PROPERTY LIMITED (REGISTERED NUMBER: 08742070) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 October 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.25 | 31.10.24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.25 | 31.10.24 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.10.25 | 31.10.24 |
| £ | £ |
| Bank loans |
| The bank loan with Shawbrook Bank Limited is secured on the company's freehold properties and all assets of the company. |
| 10. | RELATED PARTY DISCLOSURES |
| During the period no movement arose on the loans owed to the company's corporate shareholders. As at 31 October 2025 and 2024 the shareholders were owed £7,332,715, included in Other creditors. No interest is payable on the loans which are repayable on demand. |