TDR GROUP HOLDINGS LTD


Directors	CAMPBELL, Ryan Kentfield
	CAMPBELL, Siobhan Marie


Registered Address	6 Miller Road
	Ayr
	KA7 2AY


Registered Number	SC684354 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		100		100
Tangible assets	4		1,608,714		908,969
			1,608,814		909,069
Current assets
Debtors	5	62,269		549,067
Cash at bank and on hand		7,181		171
		69,450		549,238
Creditors amounts falling due within one year	6	(176,849)		(5,187)
Net current assets (liabilities)			(107,399)		544,051
Total assets less current liabilities			1,501,415		1,453,120
Net assets			1,501,415		1,453,120
Capital and reserves
Called up share capital			200		200
Profit and loss account			1,501,215		1,452,920
Shareholders' funds			1,501,415		1,453,120

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2025, and are signed on its behalf by:

CAMPBELL, Ryan Kentfield
Director
Registered Company No. SC684354

TDR GROUP HOLDINGS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Intangible assets
	As at 31st December 2024, There were amounts owed from Urban Kandi Limited (as shown in note 8) of £62,269 (2023: £531,049). The loan was interest-free. TDR Group Holdings owns 90% of the sahre of Urban Kandi Ltd who paid a dividend of £404,000 (2023:£Nil) to TDR Group Holdings Ltd.

		Total
		£
	Cost or valuation
	At 01 January 24	100
	At 31 December 24	100
	Net book value
	At 31 December 24	100
	At 31 December 23	100

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	908,969
	Additions	701,913
	At 31 December 24	1,610,882
	Depreciation and impairment
	Charge for year	2,168
	At 31 December 24	2,168
	Net book value
	At 31 December 24	1,608,714
	At 31 December 23	908,969

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	62,269	549,067
Total	62,269	549,067

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	28,388	900
Taxation and social security	12,330	3,537
Other creditors	134,932	-
Accrued liabilities and deferred income	1,199	750
Total	176,849	5,187


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Share capital
	Additional 100 ordinary shares at nominal value of £1 each issued during the year ended 31 December 2024.