TUSCAN CAPITAL (LOANS) 1 LIMITED

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the Group's (the Company, its parent and fellow subsidiary) forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operation for a period of no less than twelve months following the approval of the financial statements. In reaching this conclusion, the directors have taken into account changes in the business environment as a result of inflationary and interest rate pressures. Further, the Directors continue to monitor the loans receivable book to assess their recoverability. As such, the Directors consider the Company has the ability to trade for at least the next twelve months from the signing of these financial statement and therefore continues to adopt the Going Concern basis of accounting.”

Significant events

• “On 29 August 2024, the Company repaid the outstanding loans.”
• “The directors are pleased with the performance of the business since the balance sheet date and expect this to continue through the current financial year. However, the Directors continue to closely monitor the forward interest rate expectations and plan the funding and product prices accordingly to remain competitive but maintain profitability.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.