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Company No: 13192843 (England and Wales)

TPF GROUP HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

TPF GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

TPF GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
TPF GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 31.03.2023 31.03.2022
£ £
Fixed assets
Investments 4 12,891,468 12,891,468
12,891,468 12,891,468
Current assets
Debtors 5 30,100 30,100
30,100 30,100
Creditors: amounts falling due within one year 6 ( 4,127,035) ( 2,597,484)
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 ( 2,228,920) ( 3,428,920)
Net assets 6,565,613 6,895,164
Capital and reserves
Called-up share capital 8 100,001 100,001
Share premium account 1,225,122 1,225,122
Profit and loss account 5,240,490 5,570,041
Total shareholders' funds 6,565,613 6,895,164

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of TPF Group Holdings Limited (registered number: 13192843) were approved and authorised for issue by the Director. They were signed on its behalf by:

R Jaffe
Director

24 November 2023

TPF GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
TPF GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Reporting period length

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.

Impairment of assets

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.

Fixed asset investments

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

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.

2. Employees

Year ended
31.03.2023
Period from
10.02.2021 to
31.03.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Dividends on equity shares

Year ended
31.03.2023
Period from
10.02.2021 to
31.03.2022
£ £
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

4. Fixed asset investments

Investments in subsidiaries

31.03.2023
£
Cost
At 01 April 2022 12,891,468
At 31 March 2023 12,891,468
Carrying value at 31 March 2023 12,891,468
Carrying value at 31 March 2022 12,891,468

5. Debtors

31.03.2023 31.03.2022
£ £
Other debtors 30,100 30,100

6. Creditors: amounts falling due within one year

31.03.2023 31.03.2022
£ £
Amounts owed to Group undertakings 2,903,263 1,155,906
Other creditors 1,223,772 1,441,578
4,127,035 2,597,484

7. Creditors: amounts falling due after more than one year

31.03.2023 31.03.2022
£ £
Other creditors 2,228,920 3,428,920

8. Called-up share capital

31.03.2023 31.03.2022
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 1.00 each 100,000 100,000
1,225,122 Preferred redeemable preference shares of £ 0.000001 each 1 1
100,001 100,001

9. Related party transactions

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.