Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Alan Derek Anderson 14/05/2018 Coleen Anderson 22/09/2017 28 April 2026 The principal activity of the Company during the financial year was continued to be that of finance broker and consultancy services. SC576934 2025-09-30 SC576934 bus:Director1 2025-09-30 SC576934 bus:Director2 2025-09-30 SC576934 2024-09-30 SC576934 core:CurrentFinancialInstruments 2025-09-30 SC576934 core:CurrentFinancialInstruments 2024-09-30 SC576934 core:Non-currentFinancialInstruments 2025-09-30 SC576934 core:Non-currentFinancialInstruments 2024-09-30 SC576934 core:ShareCapital 2025-09-30 SC576934 core:ShareCapital 2024-09-30 SC576934 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC576934 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC576934 core:Vehicles 2024-09-30 SC576934 core:FurnitureFittings 2024-09-30 SC576934 core:ComputerEquipment 2024-09-30 SC576934 core:Vehicles 2025-09-30 SC576934 core:FurnitureFittings 2025-09-30 SC576934 core:ComputerEquipment 2025-09-30 SC576934 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-09-30 SC576934 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-09-30 SC576934 bus:OrdinaryShareClass1 2025-09-30 SC576934 bus:OrdinaryShareClass2 2025-09-30 SC576934 2024-10-01 2025-09-30 SC576934 bus:FilletedAccounts 2024-10-01 2025-09-30 SC576934 bus:SmallEntities 2024-10-01 2025-09-30 SC576934 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC576934 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC576934 bus:Director1 2024-10-01 2025-09-30 SC576934 bus:Director2 2024-10-01 2025-09-30 SC576934 core:Vehicles core:TopRangeValue 2024-10-01 2025-09-30 SC576934 core:FurnitureFittings 2024-10-01 2025-09-30 SC576934 core:ComputerEquipment core:TopRangeValue 2024-10-01 2025-09-30 SC576934 2023-10-01 2024-09-30 SC576934 core:Vehicles 2024-10-01 2025-09-30 SC576934 core:ComputerEquipment 2024-10-01 2025-09-30 SC576934 core:CurrentFinancialInstruments 2024-10-01 2025-09-30 SC576934 core:Non-currentFinancialInstruments 2024-10-01 2025-09-30 SC576934 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 SC576934 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC576934 bus:OrdinaryShareClass2 2024-10-01 2025-09-30 SC576934 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC576934 (Scotland)

# TSF FINANCE LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

TSF FINANCE LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

Contents

TSF FINANCE LIMITED

## BALANCE SHEET

AS AT 30 SEPTEMBER 2025
TSF FINANCE LIMITED

## BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 41,651 |  | 97,764
|  | 41,651 |  | 97,764
Current assets |  |  |  |
Debtors | 4 | 180,967 |  | 205,827
Cash at bank and in hand |  | 270,850 |  | 210,678
|  | 451,817 |  | 416,505
Creditors: amounts falling due within one year | 5 | ( 282,728) |  | ( 247,759)
Net current assets |  | 169,089 |  | 168,746
Total assets less current liabilities |  | 210,740 |  | 266,510
Creditors: amounts falling due after more than one year | 6 | 0 |  | ( 7,630)
Provision for liabilities | 7 | ( 10,353) |  | ( 24,308)
Net assets |  | 200,387 |  | 234,572
Capital and reserves |  |  |  |
Called-up share capital | 8 | 166 |  | 164
Profit and loss account |  | 200,221 |  | 234,408
Total shareholders' funds |  | 200,387 |  | 234,572

For the financial year ending 30 September 2025 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of TSF Finance Limited (registered number: SC576934) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

Alan Derek Anderson Director |

TSF FINANCE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
TSF FINANCE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

TSF Finance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Mckee Campbell Morrison Solicitors, The Hatrack, 144 St. Vincent Street, Glasgow, G2 5LQ, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for financial consultancy services provided in the normal course of business.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 5 years straight line
Fixtures and fittings | 20 % reducing balance
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 3

#### 3. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 October 2024 | 162,050 |  | 45,048 |  | 41,889 |  | 248,987
Additions | 0 |  | 2,517 |  | 1,536 |  | 4,053
Disposals | ( 162,050) |  | ( 16,870) |  | ( 17,132) |  | ( 196,052)
At 30 September 2025 | 0 |  | 30,695 |  | 26,293 |  | 56,988
Accumulated depreciation |  |  |  |  |  |  |
At 01 October 2024 | 118,299 |  | 18,476 |  | 14,448 |  | 151,223
Charge for the financial year | 16,744 |  | 5,503 |  | 965 |  | 23,212
Disposals | ( 135,043) |  | ( 10,434) |  | ( 13,621) |  | ( 159,098)
At 30 September 2025 | 0 |  | 13,545 |  | 1,792 |  | 15,337
Net book value |  |  |  |  |  |  |
At 30 September 2025 | 0 |  | 17,150 |  | 24,501 |  | 41,651
At 30 September 2024 | 43,751 |  | 26,572 |  | 27,441 |  | 97,764

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 8,209 |  | 21,181
Amounts owed by related parties | 172,758 |  | 81,298
Other debtors | 0 |  | 103,348
| 180,967 |  | 205,827

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 25,095 |  | 37,950
Other taxation and social security | 1,651 |  | 930
Obligations under finance leases and hire purchase contracts | 0 |  | 74,468
Other creditors | 255,982 |  | 134,411
| 282,728 |  | 247,759

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 0 |  | 512
Other creditors | 0 |  | 7,118
| 0 |  | 7,630

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 10,353 |  | 24,308

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
16 A ordinary shares of £ 1.00 each (2024: 14 shares of £ 1.00 each) | 16 |  | 14
150 Ordinary shares of £ 1.00 each | 150 |  | 150
| 166 |  | 164

#### 9. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 3,976 |  | 0

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts due from key management personnel | 0 |  | 100,888
Amounts due to key management personnel | 75,547 |  | 0

The balance is interest free and repayable on demand.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due from related parties | 172,758 |  | 81,298