| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| ATF PARTICIPATION LTD |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| $ | $ |
| Trade creditors |
| Amounts due to grp undertaking | - | 311,555 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| $ | $ |
| Loan from limited partners |
| 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. |
| for and on behalf of |
| 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. |