The TFP Group Limited - Accounts to registrar (filleted) - small 18.2

The TFP Group Limited - Accounts to registrar (filleted) - small 18.2

THE TFP GROUP LIMITED - Company Information

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REGISTERED NUMBER: 05361853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

THE TFP GROUP LIMITED
THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE TFP GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: J Fisher
R J D Inman
C N Spencer





SECRETARY: R J D Inman





REGISTERED OFFICE: 10 North Park Road
Harrogate
North Yorkshire
HG1 5PD





REGISTERED NUMBER: 05361853 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
LS1 2ND
Page 1
THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,989,360 -
Investments 5 216,200 200
2,205,560 200

CURRENT ASSETS
Debtors 6 442,315 209,395
Cash at bank 2,476 16
444,791 209,411
CREDITORS
Amounts falling due within one year 7 583,114 230,570
NET CURRENT LIABILITIES (138,323 ) (21,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,067,237
(20,959
)

CREDITORS
Amounts falling due after more than one
year
8
2,035,416
-
NET ASSETS/(LIABILITIES) 31,821 (20,959 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 30,821 (21,959 )
SHAREHOLDERS' FUNDS 31,821 (20,959 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The notes form part of these financial statements

Page 2 continued...
THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 October 2018 and were signed on its behalf by:





J Fisher - Director


The notes form part of these financial statements

Page 3
THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

The TFP Group Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company during the year was that of a holding company.

2. ACCOUNTING POLICIES

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

The company incurs negligible day to day expenses; sufficient funds will be made available from subsidiary
undertakings to meet liabilities as and when they fall due.

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 the cost less estimated residual value of each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Page 4 continued...
THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 1,989,360
At 31 March 2018 1,989,360
NET BOOK VALUE
At 31 March 2018 1,989,360

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017 200
Additions 216,000
At 31 March 2018 216,200
NET BOOK VALUE
At 31 March 2018 216,200
At 31 March 2017 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 442,279 152,932
Other debtors 36 56,463
442,315 209,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 79,116 -
Trade creditors 4,095 -
Amounts owed to group undertakings - 74,504
Amounts owed to associates 94,837 -
Taxation and social security 13,250 -
Other creditors 391,816 156,066
583,114 230,570

Page 5 continued...
THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 1,825,366 -
Other creditors 210,050 -
2,035,416 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,540,366 -
Other loans more 5yrs instal 88,484 -
1,628,850 -

9. CAPITAL COMMITMENTS
2018 2017
£    £   
Contracted but not provided for in the
financial statements - 216,000

Capital commitments at 31 March 2017 related to acquisition of fixed asset invesments in the year.

10. RELATED PARTY DISCLOSURES

Included in debtors at the year end were the following amounts owed by fellow group undertakings:
Bedale Grange (TFP) Limited £153,032 (2017 - £153,032). No interest is charged on this balance.
Esk Hall Limited £289,347 (2017 - creditor £74,504). Interest is chargeable on this balance at the rate of 1.5%
above base rate per annum.

Included in creditors at the year end were the following amounts owed to group and associated undertakings:
The Fisher Partnership Limited £94,837 (2017 - debtor £56,463). No interest is charged on this balance.

Included in other creditors at the year end were the following amounts owed to undertakings controlled by the
directors:
The Fisher Property Partnership £222,712 (2017- £155,586).
Fisher Capital LLP £108,826 (2017: £nil).
No interest is charged on these balances.

Page 6