TRANSOCEAN (N.I.) LIMITED

Company Registration Number:
NI024354 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

TRANSOCEAN (N.I.) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

TRANSOCEAN (N.I.) LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 356,762 261,917
Investments:   0 0
Total fixed assets: 356,762 261,917
Current assets
Stocks: 0 0
Debtors:   1,282,295 857,684
Cash at bank and in hand: 2,177,944 1,573,640
Investments:   0 0
Total current assets: 3,460,239 2,431,324
Creditors: amounts falling due within one year: 4 (2,571,815) (1,804,422)
Net current assets (liabilities): 888,424 626,902
Total assets less current liabilities: 1,245,186 888,819
Creditors: amounts falling due after more than one year: 5 (4,966) (15,077)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,240,220 873,742
Capital and reserves
Called up share capital: 645 645
Share premium account: 0 0
Revaluation reserve:684,5000
Other reserves: 0 0
Profit and loss account: 1,155,075 873,097
Shareholders funds: 1,240,220 873,742

The notes form part of these financial statements

TRANSOCEAN (N.I.) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 September 2025
and signed on behalf of the board by:

Name: Dermot O'Connor
Status: Director

The notes form part of these financial statements

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 9 9

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 269,016
Additions 12,864
Disposals 0
Revaluations 84,500
Transfers 0
At 31 December 2024 366,380
Depreciation
At 01 January 2024 7,099
Charge for year 2,519
On disposals 0
Other adjustments 0
At 31 December 2024 9,618
Net book value
At 31 December 2024 356,762
At 31 December 2023 261,917

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Bank Loan - 10,647 Trade Creditors - 2,238,867 Amounts owed to connected parties - 177,978 Taxation - 114,892 Accruals - 29,431

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

Bank Loan - 4,966

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Revaluation reserve

2024
£
Balance at 01 January 2024 0
Surplus or deficit after revaluation 84,500
Balance at 31 December 2024 84,500

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Financial commitments

The company has no material capital commitments at the financial year-ended 31 December 2024.

TRANSOCEAN (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.