Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-09falsefalse SC744033 2022-09-08 SC744033 2022-09-09 2023-09-30 SC744033 2020-10-01 2022-09-08 SC744033 2023-09-30 SC744033 c:Director1 2022-09-09 2023-09-30 SC744033 c:Director1 2023-09-30 SC744033 c:Director2 2022-09-09 2023-09-30 SC744033 c:Director2 2023-09-30 SC744033 c:RegisteredOffice 2022-09-09 2023-09-30 SC744033 d:FreeholdInvestmentProperty 2022-09-09 2023-09-30 SC744033 d:FreeholdInvestmentProperty 2023-09-30 SC744033 d:CurrentFinancialInstruments 2023-09-30 SC744033 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC744033 d:ShareCapital 2023-09-30 SC744033 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC744033 c:OrdinaryShareClass1 2022-09-09 2023-09-30 SC744033 c:OrdinaryShareClass1 2023-09-30 SC744033 c:OrdinaryShareClass2 2022-09-09 2023-09-30 SC744033 c:OrdinaryShareClass2 2023-09-30 SC744033 c:FRS102 2022-09-09 2023-09-30 SC744033 c:AuditExempt-NoAccountantsReport 2022-09-09 2023-09-30 SC744033 c:FullAccounts 2022-09-09 2023-09-30 SC744033 c:PrivateLimitedCompanyLtd 2022-09-09 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC744033










TRANSY PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
TRANSY PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mrs L E Kenny (appointed 9 September 2022)
Mrs L J Tibbs (appointed 9 September 2022)




Registered number
SC744033



Registered office
20 Pentland House
Saltire Centre

Glenrothes

Fife

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
TRANSY PROPERTIES LIMITED
REGISTERED NUMBER: SC744033

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
£

Fixed assets
  

Investment property
  
485,000

  
485,000

Current assets
  

Debtors: amounts falling due within one year
 5 
4,324

Bank and cash balances
  
37,159

  
41,483

Creditors: amounts falling due within one year
 6 
(499,772)

Net current (liabilities)/assets
  
 
 
(458,289)

Total assets less current liabilities
  
26,711

  

Net assets
  
26,711


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
26,611

  
26,711


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs L E Kenny
Mrs L J Tibbs
Director
Director


Date: 16 January 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
TRANSY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

Transy Properties Limited is a private company, limited by shares, incorporated in Scotland with registration number SC744033.  The registered office is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH.
The Company was incporporated on 9 September 2022 and started trading on 1 December 2022.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Rental income

Income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Page 2

 
TRANSY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
485,000



At 30 September 2023
485,000

The investment property is included in the financial statements at directors' valuation. In the opinion of the directors, the cost is a fair reflection of the market value. 







Page 3

 
TRANSY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
£


Trade debtors
3,932

Prepayments and accrued income
392

4,324



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
491

Other taxation and social security
9,610

Other creditors
484,900

Accruals and deferred income
4,771

499,772



7.


Share capital

2023
£
Allotted, called up and fully paid


50 Ordinary A shares of £1.00 each
50
50 Ordinary B shares of £1.00 each
50

100


On incorporation, 50 ordinary A shares of £1 each and 50 ordinary B shares of £1 each were issued to provide initial working capital.


Page 4