IRIS Accounts Production v26.1.0.640 SC523196 director 1.3.25 28.2.26 28.2.26 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC523196 2025-02-28 SC523196 2026-02-28 SC523196 2025-03-01 2026-02-28 SC523196 2024-02-29 SC523196 2024-03-01 2025-02-28 SC523196 2025-02-28 SC523196 ns15:Scotland 2025-03-01 2026-02-28 SC523196 ns14:PoundSterling 2025-03-01 2026-02-28 SC523196 ns10:Director1 2025-03-01 2026-02-28 SC523196 ns10:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 SC523196 ns10:SmallEntities 2025-03-01 2026-02-28 SC523196 ns10:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 SC523196 ns10:SmallCompaniesRegimeForDirectorsReport 2025-03-01 2026-02-28 SC523196 ns10:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 SC523196 ns10:FullAccounts 2025-03-01 2026-02-28 SC523196 ns10:OrdinaryShareClass1 2025-03-01 2026-02-28 SC523196 ns10:CompanySecretary1 2025-03-01 2026-02-28 SC523196 ns10:RegisteredOffice 2025-03-01 2026-02-28 SC523196 ns5:CurrentFinancialInstruments 2026-02-28 SC523196 ns5:CurrentFinancialInstruments 2025-02-28 SC523196 ns5:ShareCapital 2026-02-28 SC523196 ns5:ShareCapital 2025-02-28 SC523196 ns5:RetainedEarningsAccumulatedLosses 2026-02-28 SC523196 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC523196 ns5:LandBuildings 2025-03-01 2026-02-28 SC523196 ns5:LandBuildings 2025-02-28 SC523196 ns5:LandBuildings 2026-02-28 SC523196 ns5:LandBuildings 2025-02-28 SC523196 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-02-28 SC523196 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC523196 ns5:WithinOneYear 2026-02-28 SC523196 ns5:WithinOneYear 2025-02-28 SC523196 ns5:BetweenOneFiveYears 2026-02-28 SC523196 ns5:BetweenOneFiveYears 2025-02-28 SC523196 ns5:MoreThanFiveYears 2026-02-28 SC523196 ns5:MoreThanFiveYears 2025-02-28 SC523196 ns5:AllPeriods 2026-02-28 SC523196 ns5:AllPeriods 2025-02-28 SC523196 ns10:OrdinaryShareClass1 2026-02-28

REGISTERED NUMBER: SC523196 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

TGC 2 LIMITED

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 28 FEBRUARY 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

TGC 2 LIMITED

COMPANY INFORMATION

for the Year Ended 28 FEBRUARY 2026

| DIRECTOR: | A A Cochrane

| SECRETARY: | D L Parfitt

| REGISTERED OFFICE: | C/o Sms Payroll, India Of Inchinnan

| Grenock Road

| Renfrew

| PA4 9LH

| REGISTERED NUMBER: | SC523196 (Scotland)

| ACCOUNTANTS: | Burnside

| Chartered Accountants

| 61 Queen Square

| Bristol

| BS1 4JZ

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

BALANCE SHEET

28 FEBRUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 26,396 |  | 45,250 |  |

CURRENT ASSETS

Debtors | 5 | 12,031 |  | 60,270 |  |

Cash at bank | 490 |  | 24,802 |  |

12,521 |  | 85,072 |  |

CREDITORS

Amounts falling due within one year | 6 | 10,293 |  | 136,990 |  |

NET CURRENT ASSETS/(LIABILITIES) | 2,228 |  | (51,918 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 28,624 |  | (6,668 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | 28,524 |  | (6,768 | ) |

SHAREHOLDERS' FUNDS | 28,624 |  | (6,668 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

BALANCE SHEET - continued

28 FEBRUARY 2026

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 director and authorised for issue on 1 May 2026 and were signed by:

A A Cochrane - Director

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 28 FEBRUARY 2026

1. | STATUTORY INFORMATION

| TGC 2 Limited is a private company, limited by shares , registered in Scotland. 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Land and buildings | - | over the term of the lease

| Financial instruments

| Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

| Interest bearing bank loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 FEBRUARY 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Going concern

| The director has reviewed the going concern status of the business for the foreseeable future and fully expects that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2025 - 2 ) .

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 FEBRUARY 2026

4. | TANGIBLE FIXED ASSETS

| Land and

| buildings

£ |

| COST

| At 1 March 2025

| and 28 February 2026 | 45,250 |  |

| DEPRECIATION

| Charge for year | 4,114 |  |

| Impairments | 14,740 |  |

| At 28 February 2026 | 18,854 |  |

| NET BOOK VALUE

| At 28 February 2026 | 26,396 |  |

| At 28 February 2025 | 45,250 |  |

| The director has reviewed the fair value of land and buildings as of 28 February 2026 and as a result of this review an impairment loss of £14,740 was recognised.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Amounts owed by related parties | 9,600 |  | 37,869 |  |

| Other debtors | 514 |  | - |  |

| VAT | 1,382 |  | 1,183 |  |

| Prepayments and accrued income | 535 |  | 21,218 |  |

12,031 |  | 60,270 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Amounts owed to related parties | - |  | 113,285 |  |

| Social security and other taxes | - |  | 816 |  |

| Other creditors | 1,758 |  | - |  |

| Accruals and deferred income | 8,535 |  | 22,889 |  |

10,293 |  | 136,990 |  |

TGC 2 LIMITED (REGISTERED NUMBER: SC523196)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 FEBRUARY 2026

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2026 | 2025 |

£ | £ |

| Within one year | 80,004 |  | 80,004 |  |

| Between one and five years | 320,016 |  | 320,016 |  |

| In more than five years | 471,476 |  | 551,480 |  |

871,496 |  | 951,500 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

9. | RELATED PARTY DISCLOSURES

| On 19 August 2024 100% shares of the company were transferred from TGC Holdings Limited, a company registered in Scotland, to the company's director, and from this date the company ceased being a subsidiary of TGC Holdings Limited.

| The company's results until 19 August 2024 were reported within the consolidated financial statements of TGC Holdings Limited and these are freely available from Companies House. The registered office of TGC Holdings Limited is 78-84 Bell Street, Dundee, DD1 1HN.

| After 19 August 2024 the company was controlled by its director A A Cochrane.

| TGC Holdings Limited and other companies that used to be subsidiaries of TGC Holdings group continue to remain companies under common control in relation to TGC 2 Limited as of 28 February 2026.

| During the year ending 28 February 2026 the company provided services to TGC Leisure Limited, a company under common control, of £245,714 (2025 - £116,928). As of 28 February 2026 the company was owed £9,600 by TGC Leisure Limited (2025 - £37,869). The balances are not secured, are due on demand and do not bear any interest.

| As of 28 February 2026 the company owed £Nil to TGC Holdings Limited (2025 - £113,285). The balance is not secured, is due on demand and does not bear any interest.