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REGISTERED NUMBER: 07493863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tribeca Holdings London Limited

Tribeca Holdings London Limited (Registered number: 07493863)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tribeca Holdings London Limited

Company Information
for the year ended 31 March 2024







Directors: A Brooks
B T Myers





Registered office: 14 Old Bond Street
London
W1S 4PP





Registered number: 07493863 (England and Wales)






Tribeca Holdings London Limited (Registered number: 07493863)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 19,878 37,472

Current assets
Debtors 5 1,592,402 1,727,011
Cash at bank 115,122 9,383
1,707,524 1,736,394
Creditors
Amounts falling due within one year 6 780,909 812,639
Net current assets 926,615 923,755
Total assets less current liabilities 946,493 961,227

Provisions for liabilities 8 741 4,211
Net assets 945,752 957,016

Capital and reserves
Called up share capital 100 100
Retained earnings 945,652 956,916
945,752 957,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Tribeca Holdings London Limited (Registered number: 07493863)

Balance Sheet - continued
31 March 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





A Brooks - Director


Tribeca Holdings London Limited (Registered number: 07493863)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Tribeca Holdings London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents management, arrangement and performance fee income net of value added tax. Revenue is recognised on an accruals basis, accounted for in the period to which it relates.

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.

Revenue from a contact 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 reliably measured;
- 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Office equipment - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Tribeca Holdings London Limited (Registered number: 07493863)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 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.

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

Financial instruments
The company's cash at bank and in hand, trade and other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Tribeca Holdings London Limited (Registered number: 07493863)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
and Office
fittings equipment Totals
£    £    £   
Cost
At 1 April 2023 205,388 32,555 237,943
Additions 6,419 1,489 7,908
At 31 March 2024 211,807 34,044 245,851
Depreciation
At 1 April 2023 174,566 25,905 200,471
Charge for year 23,209 2,293 25,502
At 31 March 2024 197,775 28,198 225,973
Net book value
At 31 March 2024 14,032 5,846 19,878
At 31 March 2023 30,822 6,650 37,472

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,026,100 790,901
Other debtors 75,063 98,727
Directors' current accounts 72,662 448,570
Prepayments and accrued income 418,577 388,813
1,592,402 1,727,011

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 340,038 388,314
Tax 104,737 51,852
Social security and other taxes 87,987 61,454
VAT 101,944 49,267
Other creditors 68,627 145,426
Accruals and deferred income 77,576 116,326
780,909 812,639

Tribeca Holdings London Limited (Registered number: 07493863)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 340,759 416,000
Between one and five years 1,200,000 1,240,759
In more than five years 1,330,068 1,630,068
2,870,827 3,286,827

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 741 4,211

Deferred
tax
£   
Balance at 1 April 2023 4,211
Credit to Income Statement during year (3,470 )
Balance at 31 March 2024 741

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A Brooks
Balance outstanding at start of year 364,573 822,278
Amounts repaid (364,573 ) (822,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,455 364,573

B T Myers
Balance outstanding at start of year 83,997 87,521
Amounts repaid (29,790 ) (3,524 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,207 83,997

Tribeca Holdings London Limited (Registered number: 07493863)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


10. Related party disclosures

Included in creditors falling due within one year is an amount of £18,775 (2023 - £20,334) due from Tribeca Asset Management Limited, an Irish registered company under common control.

During the year, the company was invoiced £106,402 (2023 - £206,752) by Tribeca Asset Management Limited in respect of services provided. These charges were at arms length in the ordinary course of business.

During the year a dividend of £nil (2023 - £822,278) was paid to A Brooks, the director and shareholder of the Company.

11. Post balance sheet events

The break option at 5 November 2024 on the offices at 14 and 15 Old Bond Street was exercised by the Company. A one year lease expiring 4 November 2025 has been agreed on the offices, on the same terms as the existing lease, at a rent of £116,000 per annum.

12. Ultimate controlling party

The controlling party is A Brooks.