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core:OtherReservesSubtotal 2025-03-31 15296095 core:RetainedEarningsAccumulatedLosses 2025-03-31 15296095 core:LandBuildings 2026-03-31 15296095 core:PlantMachinery 2026-03-31 15296095 core:Vehicles 2026-03-31 15296095 core:FurnitureFittings 2026-03-31 15296095 core:OfficeEquipment 2026-03-31 15296095 core:NetGoodwill 2026-03-31 15296095 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 15296095 core:ListedExchangeTraded 2026-03-31 15296095 core:UnlistedNon-exchangeTraded 2026-03-31 15296095 core:LandBuildings 2025-03-31 15296095 core:PlantMachinery 2025-03-31 15296095 core:Vehicles 2025-03-31 15296095 core:FurnitureFittings 2025-03-31 15296095 core:OfficeEquipment 2025-03-31 15296095 core:NetGoodwill 2025-03-31 15296095 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 15296095 core:ListedExchangeTraded 2025-03-31 15296095 core:UnlistedNon-exchangeTraded 2025-03-31 15296095 core:LandBuildings 2025-04-01 2026-03-31 15296095 core:PlantMachinery 2025-04-01 2026-03-31 15296095 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2025-03-31 15296095 dpl:GroupUndertakings 2023-11-20 2025-03-31 15296095 dpl:ParticipatingInterests 2023-11-20 2025-03-31 15296095 dpl:GroupUndertakings core:ListedExchangeTraded 2023-11-20 2025-03-31 15296095 core:ListedExchangeTraded 2023-11-20 2025-03-31 15296095 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-11-20 2025-03-31 15296095 core:UnlistedNon-exchangeTraded 2023-11-20 2025-03-31 15296095 core:NetGoodwill 2026-03-31 15296095 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 15296095 core:LandBuildings 2026-03-31 15296095 core:PlantMachinery 2026-03-31 15296095 core:Vehicles 2026-03-31 15296095 core:FurnitureFittings 2026-03-31 15296095 core:OfficeEquipment 2026-03-31 15296095 core:AfterOneYear 2026-03-31 15296095 core:WithinOneYear 2026-03-31 15296095 core:ListedExchangeTraded 2026-03-31 15296095 core:UnlistedNon-exchangeTraded 2026-03-31 15296095 core:ShareCapital 2026-03-31 15296095 core:SharePremium 2026-03-31 15296095 core:RevaluationReserve 2026-03-31 15296095 core:OtherReservesSubtotal 2026-03-31 15296095 core:RetainedEarningsAccumulatedLosses 2026-03-31 15296095 core:NetGoodwill 2025-03-31 15296095 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 15296095 core:LandBuildings 2025-03-31 15296095 core:PlantMachinery 2025-03-31 15296095 core:Vehicles 2025-03-31 15296095 core:FurnitureFittings 2025-03-31 15296095 core:OfficeEquipment 2025-03-31 15296095 core:AfterOneYear 2025-03-31 15296095 core:WithinOneYear 2025-03-31 15296095 core:ListedExchangeTraded 2025-03-31 15296095 core:UnlistedNon-exchangeTraded 2025-03-31 15296095 core:ShareCapital 2025-03-31 15296095 core:SharePremium 2025-03-31 15296095 core:RevaluationReserve 2025-03-31 15296095 core:OtherReservesSubtotal 2025-03-31 15296095 core:RetainedEarningsAccumulatedLosses 2025-03-31 15296095 core:NetGoodwill 2023-11-19 15296095 core:IntangibleAssetsOtherThanGoodwill 2023-11-19 15296095 core:LandBuildings 2023-11-19 15296095 core:PlantMachinery 2023-11-19 15296095 core:Vehicles 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TCNCAP LTD

Registered Number
15296095
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2026

TCNCAP LTD
Company Information
for the year from 1 April 2025 to 31 March 2026

Directors | HARBINSON, Kyle
| LOVE, Christopher Stuart
| MCGREGOR, Neil James
| QUINTON, Thomas

Registered Address | Independence House
| Queen Street
| Worcester
| WR1 2PL

Registered Number | 15296095 (England and Wales)

TCNCAP LTD
Balance Sheet as at
31 March 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 4 |  |  | 3,113 |  |  |  | 2,577
Investments | 5 |  |  | 207 |  |  |  | 135
|  |  |  | 3,320 |  |  |  | 2,712
Current assets |  |  |  |  |  |  |  |
Debtors |  | 334,717 |  |  |  | 201,968 |  |
Cash at bank and on hand |  | 81,846 |  |  |  | 21,765 |  |
|  | 416,563 |  |  |  | 223,733 |  |
Creditors amounts falling due within one year | 6 | (123,113) |  |  |  | (28,906) |  |
Net current assets (liabilities) |  |  |  | 293,450 |  |  |  | 194,827
Total assets less current liabilities |  |  |  | 296,770 |  |  |  | 197,539
Creditors amounts falling due after one year | 7 |  |  | (494,388) |  |  |  | (420,908)
Provisions for liabilities | 8 |  |  | (778) |  |  |  | (644)
Net assets |  |  |  | (198,396) |  |  |  | (224,013)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | (198,496) |  |  |  | (224,113)
Shareholders' funds |  |  |  | (198,396) |  |  |  | (224,013)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 August 2026, and are signed on its behalf by:
MCGREGOR, Neil James Director Registered Company No. 15296095

TCNCAP LTD
Notes to the Financial Statements
for the year ended 31 March 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

| Revenue from rendering of services
--- | ---
| Revenue 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.

| Dividend income
--- | ---
| Dividend income is recognised when the right to receive payment is established.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are recognised at the rate of exchange ruling at the date of the transaction. All realised exchange differences are charged to profit or loss.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset over the useful economic life of the respective asset as follows:

|  | Straight line (years)
| Office Equipment | 3

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 2 |  | 2

3. | Deferred tax
--- | ---
| The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 25 | 3,696 |  | 3,696
| Additions | 2,199 |  | 2,199
| At 31 March 26 | 5,895 |  | 5,895
| Depreciation and impairment
| At 01 April 25 | 1,119 |  | 1,119
| Charge for year | 1,663 |  | 1,663
| At 31 March 26 | 2,782 |  | 2,782
| Net book value
| At 31 March 26 | 3,113 |  | 3,113
| At 31 March 25 | 2,577 |  | 2,577

5. | Fixed asset investments
--- | ---

|  | Investments in groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 25 | 135 |  | 135
| Additions | 72 |  | 72
| At 31 March 26 | 207 |  | 207
| Net book value
| At 31 March 26 | 207 |  | 207
| At 31 March 25 | 135 |  | 135

| Notes
--- | ---
| 1Investments in group undertakings and participating interests

6. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 95,041 |  | 11,127
| Taxation and social security | 28,072 |  | 17,779
| Total | 123,113 |  | 28,906

7. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | 494,388 |  | 420,908
| Total | 494,388 |  | 420,908

8. | Provisions for liabilities
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 778 |  | 644
| Total | 778 |  | 644