ACCOUNTS - Final Accounts

Registered number: 12525928

TRANSPROP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

TRANSPROP LIMITED

REGISTERED NUMBER: 12525928

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Fixed assets
Investments	4		2,850		2,850
			2,850		2,850
Current assets
Debtors: amounts falling due within one year	5	315,750		311,250
		315,750		311,250
Creditors: amounts falling due within one year	6	(312,349)		(309,274)
Net current assets			3,401		1,976
Total assets less current liabilities			6,251		4,826

Net assets			6,251		4,826

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		6,151	4,726
		6,251	4,826

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TRANSPROP LIMITED

REGISTERED NUMBER: 12525928

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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.

B Dougal

Director

Date: 29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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TRANSPROP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Transprop Limited is a private company limited by shares and incorporated in England and Wales. The company's registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The principal activity during the year has been that of holding and managing investments.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.3

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

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 income 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.

2.5

Investment in associates

Investment in associates are held at cost less impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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TRANSPROP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 1).

4.	Investments

		Investments in associates
		£
	Cost or valuation
	At 1 January 2024	2,850
	At 31 December 2024	2,850

Debtors

					2024	2023
					£	£


Other debtors	315,750	311,250

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TRANSPROP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	334	254
Other creditors	312,015	309,020
	312,349	309,274

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

8.	Contingent liabilities

A guarantee exists in favour of the group’s bankers to cover bank borrowings of certain group companies and participating entities. At 31 December 2024 the total potential exposure in respect of this guarantee was £2,226,881 (2023 - £1,680,770). The directors consider the possibility of the company having to settle any liability under the terms of the guarantee to be remote. This figure is the gross figure and does not take into account the underlying assets of the respective group companies.

Related party transactions

Included within other creditors due within one year is an amount of £148,824 (2023 - £182,711) due to the directors of the company. Interest amounting to £2,741 (2023 - £3,165) was paid during the year. Also within other creditors due within one year is an amount due to associated companies of £162,643 (2023 - £125,676).
Included within other debtors is an amount due by associated companies of £315,750 (2023 - 311,250).

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