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COMPANY REGISTRATION NUMBER: 04312659

TN CORPORATION LIMITED

Filleted Unaudited Financial Statements

31 December 2024

TN CORPORATION LIMITED

Statement of Financial Position

31 December 2024

| 31 Dec 24 | 28 Oct 23
Note | £ | £ | £

Fixed assets

Investments | 4 |  | 46,800 | 46,800

Current assets

Debtors | 5 | 3,019,125 |  | 815,516
Investments | 6 | 48,130 |  | 48,130
Cash at bank and in hand | 2,195 |  | 830,344
| ------------ |  | ------------
| 3,069,450 |  | 1,693,990

Creditors: amounts falling due within one year | 7 | 1,437,161 |  | 290,760
| ------------ |  | ------------
Net current assets |  | 1,632,289 | 1,403,230
|  | ------------ | ------------
Total assets less current liabilities |  | 1,679,089 | 1,450,030
|  | ------------ | ------------
Net assets |  | 1,679,089 | 1,450,030
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 1,000 | 900
Share premium account |  | 2,599,100 | 2,349,200
Profit and loss account |  | ( 921,011) | ( 900,070)
|  | ------------ | ------------
Shareholders funds |  | 1,679,089 | 1,450,030
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TN CORPORATION LIMITED

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

RGS Johal
Director

Company registration number: 04312659

TN CORPORATION LIMITED

Notes to the Financial Statements

Period from 29 October 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 184 Nottingham Road, Nottingham, NG7 7BA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments

| Shares in group undertakings
| £
Cost |
At 29 October 2023 and 31 December 2024 | 46,800
| --------
Impairment |
At 29 October 2023 and 31 December 2024 | –
| --------

Carrying amount |
At 31 December 2024 | 46,800
| --------
At 28 October 2023 | 46,800
| --------

5. Debtors

| 31 Dec 24 | 28 Oct 23
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 3,019,125 | 815,516
| ------------ | ---------

6. Investments

| 31 Dec 24 | 28 Oct 23
| £ | £
Gleddoch Resorts Ltd - cost of shares | 48,130 | 48,130
| -------- | --------

7. Creditors: amounts falling due within one year

| 31 Dec 24 | 28 Oct 23
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 1,315,487 | 242,551
Corporation tax | 1,012 | 58
Deposits held for clients | – | 46,800
Other creditors | 118,159 | –
Other creditors | 2,503 | 1,351
| ------------ | ---------
| 1,437,161 | 290,760
| ------------ | ---------

8.