TMS Capital Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 03960337

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	54,570		32,886
Cash at bank and in hand		154,288		153,363

		208,858		186,249
Creditors: Amounts Falling Due Within One Year	5	(124,734 )		(57,529 )

NET CURRENT ASSETS (LIABILITIES)			84,124		128,720

TOTAL ASSETS LESS CURRENT LIABILITIES			84,124		128,720

NET ASSETS			84,124		128,720

CAPITAL AND RESERVES
Called up share capital	6		3,390		3,390
Share premium account			17,550		17,550
Profit and Loss Account			63,184		107,780

SHAREHOLDERS' FUNDS			84,124		128,720

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Adrian Buthee

Director

24/07/2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

TMS Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03960337 . The registered office is The Innovation Centre University Way, Cranfield, Bedford, MK43 0BT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 3)

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TMS Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	498
Amounts owed by group undertakings	500	510
Other debtors	54,070	31,878

	54,570	32,886

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	5,226	3,265
Amounts owed to group undertakings	93,935	34,457
Other creditors	4,243	14,624
Taxation and social security	21,330	5,183

	124,734	57,529

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	3,390	3,390

7. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	88,510	231,638

8. Reserves

	Share Premium	Profit and Loss Account
	£	£
As at 1 April 2025	17,550	107,780
Profit for the year and total comprehensive income	-	43,914

Dividends paid	-	(88,510)

As at 31 March 2026	17,550	63,184

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TMS Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Related Party Transactions

During the year, the company entered into trading transactions with a fellow subsidiary, Trendsignal Limited, amounting to £160,272 (2025: £135,658). At the balance sheet date, the amount owed to Trendsignal Limited was £38,597 (2025: £34,457).

During the year, the company entered into trading transactions with its immediate parent undertaking, Charting Solutions Ltd, amounting to £55,338 (2025: £NIL). At the balance sheet date, the amount owed to Charting Solutions Ltd was £55,338 (2025: £NIL).

During the year, the company paid an interim dividend to its ultimate parent undertaking, Barcore Holdings Ltd, amounting to £88,510 (2025: £76,638). At the balance sheet date, the amount owed by Barcore Holdings Ltd was £500 (2025: £510).

10. Ultimate Controlling Party

The company's immediate parent undertaking is Charting Solutions Limited, a company incorporated in Hong Kong. The ultimate parent undertaking is Barcore Holdings Ltd, a company registered in England. Copies of the financial statements are available from Cranfield Innovation Centre, University Way, Cranfield, Milton Keynes, MK43 0BT.

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