Company Registration No. SC575678 (Scotland)
Transatlantic Partners Limited
Unaudited accounts
for the year ended 31 January 2024
Transatlantic Partners Limited
Unaudited accounts
Contents
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
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
Transatlantic Partners Limited
Statement of financial position
as at 31 January 2024
Intangible assets
3,950
4,740
Cash at bank and in hand
10
6
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)
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
Transatlantic Partners Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
Transatlantic Partners Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Other
Intangible assets are being amortised in equal annual installments over a period of 10 years.
Amounts falling due within one year
Amounts falling due after more than one year
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).