Registration number: NI611311

Titanic Cabs Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Titanic Cabs Ltd

Company Information

Directors

Jonathan McCausland Emma McCausland Christopher McCausland Michael McCausland Peter McCausland

Registered office

33-35 Grosvenor Road Belfast BT12 4GR

Solicitors

Mills Selig 21 Arthur Street Belfast BT1 4GA

Bankers

Danske Bank Corporate Banking Donegall Square West Belfast BT1 6JS

Auditors

RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG

Company number

NI611311

Titanic Cabs Ltd

(Registration number: NI611311)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Investments	3	2,848,807	-
Current assets
Debtors	4	1	1
Cash at bank and in hand		7	-
		8	1
Creditors: Amounts falling due within one year	5	(261,150)	-
Net current (liabilities)/assets		(261,142)	1
Net assets		2,587,665	1
Capital and reserves
Called up share capital	6	88	1
Share premium reserve		2,466,021	-
Retained earnings		121,556	-
Shareholders' funds		2,587,665	1

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 7 October 2025 and signed on its behalf by:
 

......................................... Christopher McCausland Director

Titanic Cabs Ltd

Notes to the Financial Statements for the Period from 1 March 2024 to 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
33-35 Grosvenor Road
Belfast
BT12 4GR
Northern Ireland

These financial statements were authorised for issue by the Board on 7 October 2025.

The presentation currency is £ Sterling and the level of rounding is to the nearest £.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified.The Independent Auditor's Report was unqualified. The financial statements for the year ended 30 June 2024 were unaudited. In forming our opinion on the financial statements for the year ended 30 June 2025, which is not modified, we have obtained sufficient appropriate audit evidence that the opening balances do not contain material misstatements that materially affect the current period's financial statements.

The name of the Senior Statutory Auditor who signed the audit report on 7 October 2025 was Brian Stewart, who signed for and on behalf of RBCA Limited.

.........................................

Titanic Cabs Ltd

Notes to the Financial Statements for the Period from 1 March 2024 to 30 June 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

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 asset reflects 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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
 

Titanic Cabs Ltd

Notes to the Financial Statements for the Period from 1 March 2024 to 30 June 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Investments

	2025 £	2024 £
Investments in subsidiaries	2,848,807	-