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REGISTERED NUMBER: 05986338 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TC3 LIMITED

TC3 LIMITED (REGISTERED NUMBER: 05986338)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TC3 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr C E Nicholson





SECRETARY: Miss A C Gordon





REGISTERED OFFICE: 135 Glenthorne Road
Hammersmith
London
W6 0LJ





REGISTERED NUMBER: 05986338 (England and Wales)






TC3 LIMITED (REGISTERED NUMBER: 05986338)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 52,867 66,090
Investments 6 496,774 452,848
549,641 518,938

CURRENT ASSETS
Stocks 771,138 594,335
Debtors 7 1,034,628 966,610
Cash at bank and in hand 1,702,033 2,069,966
3,507,799 3,630,911
CREDITORS
Amounts falling due within one year 8 2,679,050 2,298,875
NET CURRENT ASSETS 828,749 1,332,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,378,390

1,850,974

PROVISIONS FOR LIABILITIES 13,217 16,519
NET ASSETS 1,365,173 1,834,455

CAPITAL AND RESERVES
Called up share capital 9 9,000 10,000
Share premium 44,599 49,500
Capital redemption reserve 1,000 -
Fair value reserve 10 (3,226 ) (47,152 )
Retained earnings 1,313,800 1,822,107
SHAREHOLDERS' FUNDS 1,365,173 1,834,455

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

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

The director acknowledges his 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.

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 director and authorised for issue on 24 March 2025 and were signed by:



Mr C E Nicholson - Director


TC3 LIMITED (REGISTERED NUMBER: 05986338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

TC3 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line
Fixtures and fittings - 33% straight line
Motor vehicles - 33% straight line
Computer equipment - 50% straight line and 33% straight line

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

TC3 LIMITED (REGISTERED NUMBER: 05986338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 34 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 41,000 21,761 12,775 423,721 499,257
Additions - - 20,000 5,375 25,375
Disposals - - (12,775 ) - (12,775 )
At 31 December 2024 41,000 21,761 20,000 429,096 511,857
DEPRECIATION
At 1 January 2024 41,000 19,575 12,774 359,818 433,167
Charge for year - 1,646 3,335 33,617 38,598
Eliminated on disposal - - (12,775 ) - (12,775 )
At 31 December 2024 41,000 21,221 3,334 393,435 458,990
NET BOOK VALUE
At 31 December 2024 - 540 16,666 35,661 52,867
At 31 December 2023 - 2,186 1 63,903 66,090

TC3 LIMITED (REGISTERED NUMBER: 05986338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 452,848
Revaluations 43,926
At 31 December 2024 496,774
NET BOOK VALUE
At 31 December 2024 496,774
At 31 December 2023 452,848

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2021 (7,638 )
Valuation in 2022 (85,981 )
Valuation in 2023 46,467
Valuation in 2024 43,926
Cost 500,000
496,774

If the listed investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 500,000 500,000

The listed investments were valued on an open market basis on 31 December 2024 by Lawrence Clarke Limited .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 937,267 786,626
Other debtors 97,361 179,984
1,034,628 966,610

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 1,614,239 1,388,438
Trade creditors 376,233 249,244
Taxation and social security 552,100 573,221
Other creditors 136,478 87,972
2,679,050 2,298,875

TC3 LIMITED (REGISTERED NUMBER: 05986338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,000 Ordinary £1 9,000 10,000
(2023 - 10,000 )

On 27 September 2024, the company purchased and cancelled 1,000 Ordinary shares for a total sum of £396,026.

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024 (47,152 )
Unrealised profit/loss 43,926

At 31 December 2024 (3,226 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr J Ketteringham
Balance outstanding at start of year 3,933 3,913
Amounts advanced 5,240 20
Amounts repaid (250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,923 3,933

Mr C E Nicholson
Balance outstanding at start of year 5,037 -
Amounts advanced 4,404 5,037
Amounts repaid (9,740 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (299 ) 5,037

The loans were unsecured with interest charged at HMRC approved rates and will be repaid within nine months of the year end.

12. RELATED PARTY DISCLOSURES

Within debtors there was a loan of £Nil (2023: £150,000) to Zelda Investments Limited, this company is connected to a shareholder of TC3 Limited. Interest of £Nil (2023: £Nil) has been received during the year.