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REGISTERED NUMBER: 01268107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

TRANSAC INTERNATIONAL HOLDING LTD

TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANSAC INTERNATIONAL HOLDING LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P S Troniseck





REGISTERED OFFICE: 73 Park Lane
Croydon
CR0 1JG





REGISTERED NUMBER: 01268107 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,922 9,229
Investments 5 606,062 606,062
612,984 615,291

CURRENT ASSETS
Debtors 6 5,169 7,556
Investments 7 12,692 12,692
Cash at bank and in hand 8,587 176,233
26,448 196,481
CREDITORS
Amounts falling due within one year 8 1,794,831 1,589,518
NET CURRENT LIABILITIES (1,768,383 ) (1,393,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,155,399

)

(777,746

)

CAPITAL AND RESERVES
Called up share capital 9 60 60
Capital redemption reserve 10 40 40
Retained earnings 10 (1,155,499 ) (777,846 )
SHAREHOLDERS' FUNDS (1,155,399 ) (777,746 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Balance Sheet - continued
31 MARCH 2024


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

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

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





P S Troniseck - Director


TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Transac International Holding Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced value of contracts, excluding value added tax, for long term contracts and contracts for on-going services, turnover is recognised by reference to the stage of completion and when a right to consideration exists.

Tangible fixed assets
Fixed assets are stated at cost less accumulated deprecation and accumulated impairment losses.

Depreciation on the fixed assets (including computer equipment, fixtures and fittings and motor vehicles) is charged to profit and loss so as to write off their value, over their estimated useful lives of at a rate of 25% using the reducing balance method.

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any of these items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of an asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.


TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts, if any, are shown within borrowings or current liabilities.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 885 21,518 23,235 53,792 99,430
DEPRECIATION
At 1 April 2023 712 19,977 19,100 50,412 90,201
Charge for year 43 385 1,034 845 2,307
At 31 March 2024 755 20,362 20,134 51,257 92,508
NET BOOK VALUE
At 31 March 2024 130 1,156 3,101 2,535 6,922
At 31 March 2023 173 1,541 4,135 3,380 9,229

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,686,611
PROVISIONS
At 1 April 2023
and 31 March 2024 1,080,549
NET BOOK VALUE
At 31 March 2024 606,062
At 31 March 2023 606,062

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,800 1,800
VAT 3,369 4,838
Prepayments - 918
5,169 7,556

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investment in participating interests 12,692 12,692

TRANSAC INTERNATIONAL HOLDING LTD (REGISTERED NUMBER: 01268107)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 528
Trade creditors 235,354 190
Amounts owed to group undertakings 1,557,609 1,558,631
Social security and other taxes (13,446 ) (19,612 )
Other creditors 6,731 7,136
Directors' current accounts 6,083 37,645
Accruals and deferred income 2,500 5,000
1,794,831 1,589,518

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary Shares 1 60 60

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 (777,846 ) 40 (777,806 )
Deficit for the year (377,653 ) (377,653 )
At 31 March 2024 (1,155,499 ) 40 (1,155,459 )

11. RELATED PARTY DISCLOSURES

At the year end, the company owed £1,567,609 (2023 - £1,558,631) to its subsidiary, Transac International Ltd.

The company's key management personnel are considered to be the directors.

12. ULTIMATE CONTROLLING PARTY

The controlling party is P S Troniseck.