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Registered number: 10188074
Traganidas Associates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ash & Associates
Chartered Accountants
First Floor
1A Leadenhall Market
London
EC3V 1LR
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Traganidas Associates Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Traganidas Associates Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Traganidas Associates Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Traganidas Associates Limited and state those matters that we have agreed to state to the director of Traganidas Associates Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traganidas Associates Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Traganidas Associates 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 profit or loss of Traganidas Associates Limited . You consider that Traganidas Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Traganidas Associates 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 financial statements.
Signed
5th June 2025
Ash & Associates
Chartered Accountants
First Floor
1A Leadenhall Market
London
EC3V 1LR
Page 1
Page 2
Balance Sheet
Registered number: 10188074
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Investments 3 601,993 479,783
Cash at bank and in hand 986 3,624
602,979 483,407
Creditors: Amounts Falling Due Within One Year 4 (8,176 ) (7,872 )
NET CURRENT ASSETS (LIABILITIES) 594,803 475,535
TOTAL ASSETS LESS CURRENT LIABILITIES 594,803 475,535
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (115,034 ) (92,115 )
NET ASSETS 479,769 383,420
CAPITAL AND RESERVES
Called up share capital 7 110,444 100,724
Share premium account 96,153 67,809
Profit and Loss Account 273,172 214,887
SHAREHOLDERS' FUNDS 479,769 383,420
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
MR GEORGE TRAGANIDAS
Director
5th June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2024: NIL)
- -
3. Current Asset Investments
2025 2024
£ £
Listed investments 601,993 479,783
601,993 479,783
Listed investments are shown at current market value with gains or losses on revaluation taken to the profit and loss account.
4. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 4,080 4,380
Director's loan account 4,096 3,492
8,176 7,872
Other loans, amounts owed to group undertakings and the directors current account balances are all repayable on demand with no interest terms attaching.
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5. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Deferred Tax 115,034 92,115
6. Provisions for Liabilities
Deferred Tax
£
As at 1 April 2024 92,115
Increase/(Decrease) in the year 22,919
Balance at 31 March 2025 115,034
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 110,444 100,724
Value Number 2025 2024
Allotted, called up and fully paid £ £ £
Ordinary A shares 1.00 60,270 60,270 58,444
Ordinary B shares 1.00 32,719 32,719 24,825
Ordinary C shares 1.00 3,432 3,432 3,432
Ordinary D, E, F & G shares 1.00 14,023 14,023 14,023
110,444 110,444 100,724
Nominal value Number Amount
Shares issued during the period: £ £
Ordinary A shares 1.00 1,826 1,826
Ordinary B shares 1.00 7,894 7,894
9,720 9,720
8. Reserves
At the balance sheet date there were non-distributable reserves of £345,106 (2024: £276,348) included in retained earnings.
9. Ultimate Controlling Party
The company is a 61% owned subsidiary of Traganidas Solutions Limited which is the ultimate parent company. The ultimate controlling party is G Traganidas, the director and holder of 100% of the issued share capital of the ultimate parent company.
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10. General Information
Traganidas Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10188074 . The registered office is 11 Silverthorne Road, London, United Kingdom, SW8 3AD.
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