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Company Registration No. SC575678 (Scotland)
Transatlantic Partners Limited Unaudited accounts for the year ended 31 January 2024
Transatlantic Partners Limited Unaudited accounts Contents
Page
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Transatlantic Partners Limited Company Information for the year ended 31 January 2024
Director
Douglas Scott Dougan
Secretary
Douglas Scott Dougan
Company Number
SC575678 (Scotland)
Registered Office
2 Orchard Grove Kilmacolm Renfrewshire PA13 4HQ United Kingdom
Accountants
River CCyF Limited 2 Orchard Grove Kilmacolm Renfrewshire PA13 4HQ
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Transatlantic Partners Limited Accountants' report
Accountants' report to the director of Transatlantic Partners Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Transatlantic Partners Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Transatlantic Partners Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Transatlantic Partners Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transatlantic Partners Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Transatlantic Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Transatlantic Partners Limited. You consider that Transatlantic Partners Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Transatlantic Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
River CCyF Limited 2 Orchard Grove Kilmacolm Renfrewshire PA13 4HQ 28 October 2024
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Transatlantic Partners Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,950 
4,740 
Current assets
Debtors
4,604 
20,378 
Cash at bank and in hand
10 
6 
4,614 
20,384 
Creditors: amounts falling due within one year
(175,424)
(157,322)
Net current liabilities
(170,810)
(136,938)
Total assets less current liabilities
(166,860)
(132,198)
Creditors: amounts falling due after more than one year
(10,437)
(11,008)
Net liabilities
(177,297)
(143,206)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(177,298)
(143,207)
Shareholders' funds
(177,297)
(143,206)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Douglas Scott Dougan Director Company Registration No. SC575678
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Transatlantic Partners Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Transatlantic Partners Limited is a private company, limited by shares, registered in Scotland, registration number SC575678. The registered office is 2, Orchard Grove, Kilmacolm, Renfrewshire, PA13 4HQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The directors are amortising the assets over 10 years in equal annual installments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Transatlantic Partners Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
7,900 
At 31 January 2024
7,900 
Amortisation
At 1 February 2023
3,160 
Charge for the year
790 
At 31 January 2024
3,950 
Net book value
At 31 January 2024
3,950 
At 31 January 2023
4,740 
Intangible assets are being amortised in equal annual installments over a period of 10 years.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
20,378 
Amounts falling due after more than one year
Other debtors
4,604 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Trade creditors
22,500 
22,500 
Taxes and social security
1,038 
1,038 
Other creditors
8,101 
8,101 
Loans from directors
140,785 
122,683 
175,424 
157,322 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,437 
11,008 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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