Company Registration No. 09163938 (England and Wales)
Transfercorp Limited
Filleted accounts
for the year ended 31 August 2024
Transfercorp Limited
Filleted accounts
Contents
Transfercorp Limited
Company Information
for the year ended 31 August 2024
Director
Chidi Michael Ohakawa
Company Number
09163938 (England and Wales)
Registered Office
International House
36-38 Cornhill
London
EC3V 3NG
United Kingdom
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Transfercorp Limited
Statement of financial position
as at 31 August 2024
Creditors: amounts falling due within one year
(450)
-
Net current (liabilities)/assets
(118)
10
Net (liabilities)/assets
(118)
10
Called up share capital
10
10
Profit and loss account
(128)
-
Shareholders' funds
(118)
10
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
Chidi Michael Ohakawa
Director
Company Registration No. 09163938
Transfercorp Limited
Notes to the Accounts
for the year ended 31 August 2024
Transfercorp Limited is a private company, limited by shares, registered in England and Wales, registration number 09163938. The registered office is International House, 36-38 Cornhill, London, EC3V 3NG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
Transfercorp Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).