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Company No: 13192843 (England and Wales)

TPF GROUP HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

TPF GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

TPF GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
TPF GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 12,891,468 12,891,468
12,891,468 12,891,468
Current assets
Debtors 4 30,100 30,100
30,100 30,100
Creditors: amounts falling due within one year 5 ( 5,460,223) ( 4,127,035)
Net current liabilities (5,430,123) (4,096,935)
Total assets less current liabilities 7,461,345 8,794,533
Creditors: amounts falling due after more than one year 6 ( 1,028,920) ( 2,228,920)
Net assets 6,432,425 6,565,613
Capital and reserves
Called-up share capital 7 100,002 100,001
Share premium account 1,225,122 1,225,122
Profit and loss account 5,107,301 5,240,490
Total shareholders' funds 6,432,425 6,565,613

For the financial year ending 31 March 2024 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 Board of Directors. They were signed on its behalf by:

R Jaffe
Director

06 August 2024

TPF GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
TPF GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
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 year, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 6 6

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 12,891,468
At 31 March 2024 12,891,468
Carrying value at 31 March 2024 12,891,468
Carrying value at 31 March 2023 12,891,468

4. Debtors

2024 2023
£ £
Other debtors 30,100 30,100

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to group undertakings 4,234,369 2,903,263
Other creditors 1,225,854 1,223,772
5,460,223 4,127,035

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

2024 2023
£ £
Other creditors 1,028,920 2,228,920

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 1.00 each 100,000 100,000
1,633,496 Preferred redeemable preference shares of £ 0.000001 each (2023: 1,225,122 shares of £ 0.000001 each) 2 1
100,002 100,001

8. 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.