Company registration number 15309264 (England and Wales)
TPS 360 HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TPS 360 HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
TPS 360 HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
707,672
-
0
Investments
4
859,787
859,787
1,567,459
859,787
Current assets
Debtors
6
3,750
-
0
Cash at bank and in hand
282,662
161,030
286,412
161,030
Creditors: amounts falling due within one year
7
(1,007,382)
(870,728)
Net current liabilities
(720,970)
(709,698)
Total assets less current liabilities
846,489
150,089
Creditors: amounts falling due after more than one year
8
(409,974)
-
0
Provisions for liabilities
(1,816)
-
0
Net assets
434,699
150,089
Capital and reserves
Called up share capital
9
89
89
Profit and loss reserves
434,610
150,000
Total equity
434,699
150,089

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 March 2026 and are signed on its behalf by:
Mr G Ashcroft
Director
Company registration number 15309264 (England and Wales)
TPS 360 HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 27 November 2023
-
0
-
0
-
Period ended 30 November 2024:
Profit and total comprehensive income
-
150,000
150,000
Issue of share capital
9
89
-
89
Balance at 30 November 2024
89
150,000
150,089
Year ended 30 November 2025:
Profit and total comprehensive income
-
284,610
284,610
Balance at 30 November 2025
89
434,610
434,699
TPS 360 HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

TPS 360 Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1B, Gallagher Retail Park, Parc Pontypandy, Caerphilly, CF83 3GX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

TPS 360 HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
TPS 360 HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 December 2024
-
0
Additions
714,761
At 30 November 2025
714,761
Depreciation and impairment
At 1 December 2024
-
0
Depreciation charged in the year
7,089
At 30 November 2025
7,089
Carrying amount
At 30 November 2025
707,672
At 30 November 2024
-
0
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
859,787
859,787
5
Subsidiaries

Details of the company's subsidiaries at 30 November 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Total Protective Solutions 360 Limited
Unit 1b, Gallagher Retail Park, Parc Pontypandy, Caerphilly, CF83 3GX
Floor and wall covering specialist
Ordinary
100.00
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,750
-
0
TPS 360 HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
19,276
-
0
Trade creditors
600
90
Amounts owed to group undertakings
599,025
179,025
Corporation tax
7,202
-
0
Other taxation and social security
9,250
35,985
Other creditors
372,029
655,628
1,007,382
870,728

The long-term loans are secured by fixed charges over the property.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
409,974
-
0
Creditors which fall due after five years are payable as follows:
Payable by instalments
320,154
-

The long-term loans are secured by fixed charges over the property.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
8,860
8,860
89
89
10
Related party transactions

The company has an existing loan with Total Protective Solutions 360 Limited, a subsidiary company. At the year end a balance of £599,025 (202 4: £179,025) was outstanding being included in creditors: amounts falling due within one year.

11
Directors' transactions

The directors operate current loan accounts which is credited with payments made by the directors and any cash introduced and debited with private expenses and cash drawn. The amount outstanding due to the directors at the year end was £258,310 (2024: £517,228). This amount being included in creditors: amounts falling due within one year.

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