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Registered Number: 11757565
England and Wales

 

 

 

TLM HOLDCO LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Accountants report to the directors on the preparation of the unaudited statutory accounts for the year ended 31 March 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts for the year ended 31 March 2024 which comprise of the Income Statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given to us.


This report is made solely to the Board of Directors, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company. You consider that the Company is exempt from the statutory audit requirement for the period.


We have not been instructed to carry out an audit of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 March 2024.



....................................................
66 PAH
8 Hill Street
London
W1J 5NG
30 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 4 15,728,760    16,733,558 
15,728,760    16,733,558 
Current assets      
Cash at bank and in hand 85,984    467 
Creditors: amount falling due within one year (1,319,685)   (150,338)
Net current assets (1,233,701)   (149,871)
 
Total assets less current liabilities 14,495,059    16,583,687 
Creditors: amount falling due after more than one year (12,309,718)   (7,105,120)
Net assets 2,185,341    9,478,567 
 

Capital and reserves
     
Called up share capital 5 30    30 
Profit and loss account 2,185,311    9,478,537 
Shareholders' funds 2,185,341    9,478,567 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 October 2024 and were signed by:


-------------------------------
Jonathan COENCA
Director
2
General Information
TLM HOLDCO LTD is a private company, limited by shares, registered in England and Wales, registration number 11757565, registration address 76 NEW BOND STREET, LONDON, W1S 1RX.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102(1a), the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).
The presentation currency is £ sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.
The Company's principal activities are disclosed in the Director's report. 

Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
The company did not have any turnover for the period.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value or any revaluation taken to the Revaluation account.
When the investment is interest in a Partnership, the share of profit/loss is allocated to the investment.
Financial instruments
The Company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.


2.

Directors' Emoluments

2024   2023
 

3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023 16,733,558    16,733,558 
Additions 7,670,444    7,670,444 
Transfer to/from tangible fixed assets  
Disposals (8,675,242)   (8,675,242)
At 31 March 2024 15,728,760    15,728,760 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
30 Class shares of £1.00 each 30    30 
30    30 

3