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REGISTERED NUMBER: 14754333 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ATF PARTICIPATION LTD

ATF PARTICIPATION LTD (REGISTERED NUMBER: 14754333)






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


ATF PARTICIPATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Kalai
C Karam





REGISTERED OFFICE: Stanhope House C/O Thompson Taraz
47 Park Lane
London
England
W1K 1PR





REGISTERED NUMBER: 14754333 (England and Wales)





AUDITORS: Menzies LLP
Chartered Accountants
Statutory Auditor
4th Floor, 95 Gresham Street
London
EC2V 7AB

ATF PARTICIPATION LTD (REGISTERED NUMBER: 14754333)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes $    $   
CURRENT ASSETS
Debtors 5 232,270 214,434
Investments 6 9,670,000 4,980,900
Cash at bank 708,408 137,109
10,610,678 5,332,443
CREDITORS
Amounts falling due within one year 7 (737,654 ) (409,054 )
NET CURRENT ASSETS 9,873,024 4,923,389
TOTAL ASSETS LESS CURRENT LIABILITIES 9,873,024 4,923,389

CREDITORS
Amounts falling due after more than one year 8 (10,000,000 ) (5,000,000 )
NET LIABILITIES (126,976 ) (76,611 )

CAPITAL AND RESERVES
Called up share capital 121 121
Retained earnings (127,097 ) (76,732 )
(126,976 ) (76,611 )

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





C Karam - Director


ATF PARTICIPATION LTD (REGISTERED NUMBER: 14754333)

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

1. STATUTORY INFORMATION

ATF Participation Ltd 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 US Dollar ($).


The reporting period for the company is for the year ended 31 December 2024. The prior period of accounts was for the period 24 March 2023 to 31 December 2023 and therefore the two periods are not directly comparable.

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.

Turnover
Turnover represents amounts chargeable to clients for participation services provided and interest received during the year. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes.

Current asset investments
Current asset investments are those which are held for resale or pending their sale and cash on deposit with a maturity date of less than one year held for short-term investment purposes rather than cashflow. Current asset investments are valued at fair value unless they qualify as 'basic' financial assets.

Fund set up and transaction costs
Fund set up costs are recognised immediately within the profit and loss. These costs will include legal and advisory fees that are required to be incurred to launch and market the Fund which are not reoccurring in nature.

Transaction costs directly attributable to the issuance of loan notes are charged to profit or loss over the term of the debt. Using the effective interest method ensures that the expense is recognised at a constant rate on the carrying amount of the loan notes.

4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Other debtors 232,270 214,434

ATF PARTICIPATION LTD (REGISTERED NUMBER: 14754333)

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

6. CURRENT ASSET INVESTMENTS
2024 2023
$    $   
Other loans 9,670,000 4,980,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Trade creditors 4,783 12,000
Amounts due to grp undertaking - 311,555
Accruals and deferred income 732,871 85,499
737,654 409,054

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
$    $   
Loan from limited partners 10,000,000 5,000,000

Loan notes have a maturity date of 28 July 2026. Interest accrues at the rate which is the aggregate of Term Secured Overnight Financing Rate (SOFR) plus 2.5% per annum (inception to 31 Dec 2023: 3.00%).

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Hallam FCCA (Senior Statutory Auditor)
for and on behalf of Menzies LLP

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ATF Finance Ltd, a company registered in England & Wales. ATF Finance Ltd is the parent company of both the largest and smallest group of which the Company is a member. The consolidated financial statements of ATF Finance Ltd are publicly available from Companies House or the group's registered office: C/O Forvis Mazars Llp The Pinnacle, 160 Midsummer Boulevard, Milton Keynes, Buckinghamshire, United Kingdom, MK9 1FF.