Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC064576 2024-04-01 2025-03-31 SC064576 2023-04-01 2024-03-31 SC064576 2025-03-31 SC064576 2024-03-31 SC064576 c:CompanySecretary1 2024-04-01 2025-03-31 SC064576 c:Director1 2024-04-01 2025-03-31 SC064576 c:Director2 2024-04-01 2025-03-31 SC064576 c:Director3 2024-04-01 2025-03-31 SC064576 c:Director4 2024-04-01 2025-03-31 SC064576 c:RegisteredOffice 2024-04-01 2025-03-31 SC064576 d:Buildings 2024-04-01 2025-03-31 SC064576 d:Buildings 2025-03-31 SC064576 d:Buildings 2024-03-31 SC064576 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC064576 d:FurnitureFittings 2024-04-01 2025-03-31 SC064576 d:FurnitureFittings 2025-03-31 SC064576 d:FurnitureFittings 2024-03-31 SC064576 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC064576 d:OfficeEquipment 2024-04-01 2025-03-31 SC064576 d:OfficeEquipment 2025-03-31 SC064576 d:OfficeEquipment 2024-03-31 SC064576 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC064576 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC064576 d:CurrentFinancialInstruments 2025-03-31 SC064576 d:CurrentFinancialInstruments 2024-03-31 SC064576 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC064576 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC064576 d:ShareCapital 2025-03-31 SC064576 d:ShareCapital 2024-03-31 SC064576 d:RevaluationReserve 2025-03-31 SC064576 d:RevaluationReserve 2024-03-31 SC064576 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC064576 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC064576 c:OrdinaryShareClass2 2024-04-01 2025-03-31 SC064576 c:OrdinaryShareClass2 2025-03-31 SC064576 c:OrdinaryShareClass2 2024-03-31 SC064576 c:OrdinaryShareClass3 2024-04-01 2025-03-31 SC064576 c:OrdinaryShareClass3 2025-03-31 SC064576 c:OrdinaryShareClass3 2024-03-31 SC064576 c:OrdinaryShareClass4 2024-04-01 2025-03-31 SC064576 c:OrdinaryShareClass4 2025-03-31 SC064576 c:OrdinaryShareClass4 2024-03-31 SC064576 c:OrdinaryShareClass5 2024-04-01 2025-03-31 SC064576 c:OrdinaryShareClass5 2025-03-31 SC064576 c:OrdinaryShareClass5 2024-03-31 SC064576 c:FRS102 2024-04-01 2025-03-31 SC064576 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC064576 c:FullAccounts 2024-04-01 2025-03-31 SC064576 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC064576 5 2024-04-01 2025-03-31 SC064576 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC064576










TRANSY HERITAGE COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
TRANSY HERITAGE COMPANY LIMITED
 

COMPANY INFORMATION


Directors
Mrs M E A Smith 
Mr J Smith 
Mrs L E Kenny 
Mrs L J Tibbs 




Company secretary
Mrs M E A Smith



Registered number
SC064576



Registered office
20 Transy Place

Dunfermline

Fife

KY12 7QN




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
TRANSY HERITAGE COMPANY LIMITED
REGISTERED NUMBER: SC064576

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
1,040,499
1,040,652

  
1,040,499
1,040,652

Current assets
  

Debtors: amounts falling due within one year
 5 
28,082
49,102

Cash at bank and in hand
  
41,642
18,824

  
69,724
67,926

Creditors: amounts falling due within one year
 6 
(36,741)
(37,966)

Net current assets
  
 
 
32,983
 
 
29,960

Total assets less current liabilities
  
1,073,482
1,070,612

Provisions for liabilities
  

Deferred tax
  
(26,989)
(26,951)

  
 
 
(26,989)
 
 
(26,951)

Net assets
  
1,046,493
1,043,661


Capital and reserves
  

Called up share capital 
 7 
100
100

Revaluation reserve
  
302,299
302,299

Profit and loss account
  
744,094
741,262

  
1,046,493
1,043,661


Page 1

 
TRANSY HERITAGE COMPANY LIMITED
REGISTERED NUMBER: SC064576

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 year 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 J Tibbs
Mrs L E Kenny
Director
Director


Date: 23 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TRANSY HERITAGE COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Transy Heritage Company Limited is a private company, limited by shares, incorporated in Scotland with registration number SC064576. The registered office is 20 Transy Place, Dunfermline, Fife, KY12 7QN. 
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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TRANSY HERITAGE COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Fixtures and fittings
-
20% reducing balance
Office equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
TRANSY HERITAGE COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year as4 (2024 -4).

Page 5

 
TRANSY HERITAGE COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
1,039,886
10,414
749
1,051,049



At 31 March 2025

1,039,886
10,414
749
1,051,049



Depreciation


At 1 April 2024
-
9,648
749
10,397


Charge for the year on owned assets
-
153
-
153



At 31 March 2025

-
9,801
749
10,550



Net book value



At 31 March 2025
1,039,886
613
-
1,040,499



At 31 March 2024
1,039,886
766
-
1,040,652


5.


Debtors

2025
2024
£
£


Trade debtors
9,902
32,775

Other debtors
16,535
14,155

Prepayments and accrued income
1,645
2,172

28,082
49,102



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
13,334
12,651

Other taxation and social security
14,063
15,157

Other creditors
4,199
5,445

Accruals and deferred income
5,145
4,713

36,741
37,966


Page 6

 
TRANSY HERITAGE COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



24 (2024 - 24) A ordinary shares of £1.00 each
24
24
30 (2024 - 30) B ordinary shares of £1.00 each
30
30
23 (2024 - 23) C ordinary shares of £1.00 each
23
23
23 (2024 - 23) D ordinary shares of £1.00 each
23
23

100

100





Page 7