REGISTERED NUMBER: 05011733 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TFH HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C B Tidmarsh

P R M Tidmarsh

E J Holmes

A Milnes

REGISTERED OFFICE:

Unit 10

Oldington Trading Estate

Stourport Road

Kidderminster

Worcestershire

DY11 7QP

REGISTERED NUMBER:

05011733 (England and Wales)

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditor

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

FIXED ASSETS

Investments

4

197,044

197,044

Investment property

5

2,004,499

727,400

2,201,543

924,444

CURRENT ASSETS

Debtors

1,686,967

1,899,015

Cash at bank

59,637

76,452

1,746,604

1,975,467

CREDITORS

Amounts falling due within one year

308,703

226,223

NET CURRENT ASSETS

1,437,901

1,749,244

TOTAL ASSETS LESS CURRENT LIABILITIES

3,639,444

2,673,688

CREDITORS

Amounts falling due after more than one year

6

986,723

267,551

NET ASSETS

2,652,721

2,406,137

CAPITAL AND RESERVES

Called up share capital

10,028

10,028

Share premium

990,700

990,700

Capital redemption reserve

40,000

40,000

Retained earnings

1,611,993

1,365,409

SHAREHOLDERS' FUNDS

2,652,721

2,406,137

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2025 and were signed on its behalf by:

E J Holmes - Director

1.	STATUTORY INFORMATION

TFH Holdings 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Preparation of consolidated financial statements

The financial statements contain information about TFH Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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 income statement.

Going concern

The financial statements have been prepared on a going concern basis as there are no material uncertainties about the company's ability to continue its operations.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

197,044

NET BOOK VALUE

At 31 December 2024

197,044

At 31 December 2023

197,044

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

727,400

Additions

1,277,099

At 31 December 2024

2,004,499

NET BOOK VALUE

At 31 December 2024

2,004,499

At 31 December 2023

727,400

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

as restated

£

£

Repayable by instalments

Bank loans - more than 5 years

673,568

221,013

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

The Report of the Auditors was unqualified.

Mark Ashfield BA FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

8.	CONTINGENT LIABILITIES

There is an unlimited multilateral guarantee in place dated 3 October 2005 given by TFH (Worcestershire) Limited, TFH Holdings Limited and Bryn Roberts Workshops Limited, in favour of HSBC Bank plc.

As at 31 December 2024 the group had exposure on amounts owed to the bank of £1,065,012 (2023: £279,185).

9.	RELATED PARTY DISCLOSURES

TFH (Worcestershire) Limited

Subsidiary

The company has received dividends from TFH (Worcestershire) Limited of £103,216 (2023: £57,397).

In addition, TFH (Worcestershire) Limited received dividends of £166,018 (2023: £118,942) from TFH USA Inc Limited and £74,362 (2023: £78,590) from TFH Special Needs Toys Canada Inc on behalf of TFH Holdings Limited.

During the year, the company received rental income from TFH (Worcestershire) Limited of £77,000. No amounts were due at the year end.

As at the year end TFH (Worcestershire) Limited owed £1,686,967 (2023: £1,899,013) to TFH Holdings Limited.

Bryn Roberts Workshops Limited

Subsidiary

During the year, the company received rental income from Bryn Roberts Workshops Limited of £55,000 (2023: £55,000). No amounts were due at the year end (2023: £Nil).

TFH USA Inc Limited

Subsidiary

The company has received dividends from TFH USA Inc Limited of £166,018 (2023: £118,942). No amounts were due at the year end (2023: £Nil).

TFH Special Needs Toys Canada Inc

Subsidiary

The company has received dividends from TFH Special Needs Toys Canada Inc of £74,362 (2023: £78,590). No amounts were due at the year end (2023: £Nil).

10.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.