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REGISTERED NUMBER: OC384499 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 5 APRIL 2024

FOR

TFC CAPITAL LLP

TFC CAPITAL LLP (REGISTERED NUMBER: OC384499)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 MAY 2023 TO 5 APRIL 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TFC CAPITAL LLP

GENERAL INFORMATION
for the period 1 MAY 2023 TO 5 APRIL 2024







DESIGNATED MEMBERS: M B Dent
S Hunt
J C Nichols





REGISTERED OFFICE: 35 Ballards Lane
London
N3 1XW





REGISTERED NUMBER: OC384499 (England and Wales)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

TFC CAPITAL LLP (REGISTERED NUMBER: OC384499)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 327,691 1,259,847

CURRENT ASSETS
Debtors 5 352 1,255
Cash at bank 143,680 527,162
144,032 528,417
CREDITORS
Amounts falling due within one year 6 (5,332 ) (7,219 )
NET CURRENT ASSETS 138,700 521,198
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

466,391

1,781,045

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

449,582

1,764,236

MEMBERS' OTHER INTERESTS
Capital accounts 16,809 16,809
466,391 1,781,045

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 449,582 1,764,236
Members' other interests 16,809 16,809
466,391 1,781,045

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 5 April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

TFC CAPITAL LLP (REGISTERED NUMBER: OC384499)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 January 2025 and were signed by:





J C Nichols - Designated member

TFC CAPITAL LLP (REGISTERED NUMBER: OC384499)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 MAY 2023 TO 5 APRIL 2024

1. STATUTORY INFORMATION

TFC Capital LLP s registered in England and Wales, registration number OC384499. The registered office is 35 Ballards Lane, London, United Kingdom, N3 1XW.

The principal activity of the LLP in the year under review was that of investment.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the members are required to make judgements, estimates and assumptions that affect the application of the LLP's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Financial instruments
The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

TFC CAPITAL LLP (REGISTERED NUMBER: OC384499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 MAY 2023 TO 5 APRIL 2024

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 327,691 546,282
Other loans - 713,565
327,691 1,259,847

Additional information is as follows:
Other
investments
£   
COST
At 1 May 2023 546,282
Additions 12,823
Disposals (231,414 )
At 5 April 2024 327,691
NET BOOK VALUE
At 5 April 2024 327,691
At 30 April 2023 546,282
Other
loans
£   
At 1 May 2023 713,565
Repayment in year (713,565 )
At 5 April 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 352 1,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 903 -
Other creditors 4,429 7,219
5,332 7,219

TFC CAPITAL LLP (REGISTERED NUMBER: OC384499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 MAY 2023 TO 5 APRIL 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.