Company No:
Contents
Note | 31.03.2023 | 31.03.2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 4 |
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12,891,468 | 12,891,468 | |||
Current assets | ||||
Debtors | 5 |
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30,100 | 30,100 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (4,096,935) | (2,567,384) | ||
Total assets less current liabilities | 8,794,533 | 10,324,084 | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Share premium account |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of TPF Group Holdings Limited (registered number:
R Jaffe
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
TPF Group Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The comparative figure in the Company's financial statements are presented for a period of 13 month and 18 days, being the first period since incorporation.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
Year ended 31.03.2023 |
Period from 10.02.2021 to 31.03.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Year ended 31.03.2023 |
Period from 10.02.2021 to 31.03.2022 |
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£ | £ | ||
Amounts recognised as distributions to equity holders in the financial year: | |||
Interim dividend for the financial year ended 31 March 2023 of £2.10 (31.03.2022: £1.05) per ordinary share | 210,000 | 105,000 | |
Investments in subsidiaries
31.03.2023 | |
£ | |
Cost | |
At 01 April 2022 |
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At 31 March 2023 |
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Carrying value at 31 March 2023 |
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Carrying value at 31 March 2022 |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Other debtors |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Amounts owed to Group undertakings |
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Other creditors |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Other creditors |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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100,001 | 100,001 |
Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.