Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseHolding company33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13312261 2024-01-01 2024-12-31 13312261 2023-01-01 2023-12-31 13312261 2024-12-31 13312261 2023-12-31 13312261 c:Director3 2024-01-01 2024-12-31 13312261 d:FreeholdInvestmentProperty 2024-12-31 13312261 d:FreeholdInvestmentProperty 2023-12-31 13312261 d:CurrentFinancialInstruments 2024-12-31 13312261 d:CurrentFinancialInstruments 2023-12-31 13312261 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13312261 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13312261 d:ShareCapital 2024-12-31 13312261 d:ShareCapital 2023-12-31 13312261 d:RetainedEarningsAccumulatedLosses 2024-12-31 13312261 d:RetainedEarningsAccumulatedLosses 2023-12-31 13312261 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13312261 c:OrdinaryShareClass1 2024-12-31 13312261 c:OrdinaryShareClass1 2023-12-31 13312261 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13312261 c:OrdinaryShareClass2 2024-12-31 13312261 c:OrdinaryShareClass2 2023-12-31 13312261 c:OrdinaryShareClass3 2024-01-01 2024-12-31 13312261 c:OrdinaryShareClass3 2024-12-31 13312261 c:OrdinaryShareClass3 2023-12-31 13312261 c:FRS102 2024-01-01 2024-12-31 13312261 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13312261 c:FullAccounts 2024-01-01 2024-12-31 13312261 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13312261 6 2024-01-01 2024-12-31 13312261 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13312261









TFG HOLDINGS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TFG HOLDINGS LIMITED
REGISTERED NUMBER: 13312261

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
935,100
935,100

  
935,200
935,200

Current assets
  

Debtors: amounts falling due within one year
 6 
1,542
1,426

Cash at bank and in hand
 7 
19,695
3,138

Creditors: amounts falling due within one year
 8 
(901,580)
(864,866)

Net current liabilities
  
 
 
(880,343)
 
 
(860,302)

  

Net assets
  
54,857
74,898


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
54,757
74,798

  
54,857
74,898


Page 1

 
TFG HOLDINGS LIMITED
REGISTERED NUMBER: 13312261
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 March 2025.






T Hunn
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TFG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

TFG Holdings Limited is a private company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The principal place of business is The Carrops, Green Lane, Red Lodge, Bury St Edmunds, Suffolk, IP28 8LD.  The company's principal activities are that of a holding company and rental property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
TFG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term 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.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 -3).

Page 4

 
TFG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
100



At 31 December 2024
100





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
935,100



At 31 December 2024
935,100

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 December 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
935,100
935,100

Page 5

 
TFG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£

Prepayments and accrued income
1,542
1,426



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,695
3,138



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
371,600
209,600

Corporation tax
4,193
1,415

Other creditors
522,985
650,485

Accruals and deferred income
2,802
3,366

901,580
864,866



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 -1) Ordinary A share of £1.00
1
1
50 (2023 -50) Ordinary B shares of £1.00 each
50
50
49 (2023 -49) Ordinary C shares of £1.00 each
49
49

100

100

Ordinary A, Ordinary B and Ordinary C shares all have equal voting rights but independent dividend rights.


Page 6

 
TFG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Related party transactions


2024
2023
£
£

Amounts owed to director
-
127,500
Amounts owed to associated companies
522,985
522,985
Amounts owed to subsidiary
371,600
209,600


11.


Controlling party

The ultimate controlling party is Mr T G Hunn.

 
Page 7