Silverfin false false 30/11/2024 01/12/2023 30/11/2024 T Finley 08/12/2006 10 February 2025 The principle activity of the company is that of a dormant company. 06023380 2024-11-30 06023380 bus:Director1 2024-11-30 06023380 core:CurrentFinancialInstruments 2024-11-30 06023380 core:CurrentFinancialInstruments 2023-11-30 06023380 2023-11-30 06023380 core:ShareCapital 2024-11-30 06023380 core:ShareCapital 2023-11-30 06023380 core:RetainedEarningsAccumulatedLosses 2024-11-30 06023380 core:RetainedEarningsAccumulatedLosses 2023-11-30 06023380 2023-12-01 2024-11-30 06023380 bus:FilletedAccounts 2023-12-01 2024-11-30 06023380 bus:SmallEntities 2023-12-01 2024-11-30 06023380 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 06023380 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06023380 bus:Director1 2023-12-01 2024-11-30 06023380 2022-07-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 06023380 (England and Wales)

TF SHIPPING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

TF SHIPPING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

Contents

TF SHIPPING LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024
TF SHIPPING LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 30.11.2024 30.11.2023
£ £
Current assets
Debtors 3 100 0
Cash at bank and in hand 0 6,905
100 6,905
Creditors: amounts falling due within one year 4 0 ( 3,115)
Net current assets 100 3,790
Total assets less current liabilities 100 3,790
Net assets 100 3,790
Capital and reserves
Called-up share capital 100 100
Profit and loss account 0 3,690
Total shareholder's funds 100 3,790

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of TF Shipping Limited (registered number: 06023380) were approved and authorised for issue by the Director on 10 February 2025. They were signed on its behalf by:

T Finley
Director
TF SHIPPING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
TF SHIPPING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 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 period, unless otherwise stated.

General information and basis of accounting

TF Shipping 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 15 Loch Lomond, Washington, NE37 1PD, 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

In 2024 the directors made the decision that the Company would cease trading and become dormant. As a result the financial statements have been prepared on a going concern basis.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 initially 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 initially 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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
30.11.2024
Period from
01.07.2022 to
30.11.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

30.11.2024 30.11.2023
£ £
Amounts owed by related parties 100 0

4. Creditors: amounts falling due within one year

30.11.2024 30.11.2023
£ £
Other creditors 0 3,115