TMC Ventures Europe Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 08754250 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

TMC Ventures Europe Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A Liepa

Mrs S C Warris-Liepa

REGISTERED OFFICE:

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

REGISTERED NUMBER:

08754250 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Investments

5

15,739

1,780

CURRENT ASSETS

Stocks

167,680

163,559

Debtors

6

227,077

195,963

Cash at bank

90,849

130,552

485,606

490,074

CREDITORS

Amounts falling due within one year

7

39,166

99,027

NET CURRENT ASSETS

446,440

391,047

TOTAL ASSETS LESS CURRENT
LIABILITIES

462,179

392,827

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

462,079

392,727

SHAREHOLDERS' FUNDS

462,179

392,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A Liepa - Director

1.	STATUTORY INFORMATION

TMC Ventures Europe 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 Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about TMC Ventures Europe Ltd. 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.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

1,780

Additions

13,959

At 31 October 2025

15,739

NET BOOK VALUE

At 31 October 2025

15,739

At 31 October 2024

1,780

During the year the company purchased shares in subsidiary company TMC Ventures Europe BV from A Liepa & S W Liepa.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

114,958

23,000

Amounts owed by group undertakings

57,797

53,379

Tax

37,074

-

Accrued income

13,574

115,926

Prepayments

3,674

3,658

227,077

195,963

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade creditors

24,690

25,535

Tax

-

63,644

Social security and other taxes

58

202

VAT

5,149

1,130

Other creditors

1,025

3,051

Directors' current accounts

4,174

2,715

Accrued expenses

4,070

2,750

39,166

99,027

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme on behalf of the staff. The total pension cost charged to the profit and loss account for the year was £120,691 (2023: £123,315).

9.	RELATED PARTY DISCLOSURES

The director, A Liepa owns a US company TMC Ventures Inc. Included in creditors is £13,228.12 (2024 - £0) due to TMC Ventures Inc.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Liepa.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TMC Ventures Europe Ltd. for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TMC Ventures Europe Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TMC Ventures Europe Ltd. and state those matters that we have agreed to state to the Board of Directors of TMC Ventures Europe Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TMC Ventures Europe Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TMC Ventures Europe Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TMC Ventures Europe Ltd.. You consider that TMC Ventures Europe Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TMC Ventures Europe Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

23 December 2025