Transatlantic Artists.com Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11512717

TRANSATLANTIC ARTISTS.COM LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

27 August 2024

TRANSATLANTIC ARTISTS.COM LIMITED

FINANCIAL STATEMENTS

PERIOD ENDED 27 AUGUST 2024

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 4

TRANSATLANTIC ARTISTS.COM LIMITED

STATEMENT OF FINANCIAL POSITION

27 August 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	4		919	1,081

CURRENT ASSETS

Debtors	5	54,198	62,432
Cash at bank and in hand		617	5,358
		--------	--------
		54,815	67,790

CREDITORS: amounts falling due within one year	6	( 30,810)		( 13,273)
		--------		--------
NET CURRENT ASSETS			24,005	54,517
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			24,924	55,598

CREDITORS: amounts falling due after more than one year	7	( 17,141)	( 20,000)
		--------	--------
NET ASSETS		7,783	35,598
		--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	7,683	35,498
	-------	--------
SHAREHOLDERS FUNDS	7,783	35,598
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the Period ending 27 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TRANSATLANTIC ARTISTS.COM LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

27 August 2024

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

T Myerscough-Harris
Director

Company registration number: 11512717

TRANSATLANTIC ARTISTS.COM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 27 AUGUST 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Westbury House, Hanney Road, Steventon, Abingdon, OX13 6AW.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services provided, inclusive of Value Added Tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 29 August 2023 and 27 August 2024	1,761
	-------
Depreciation
At 29 August 2023	680
Charge for the period	162
	-------
At 27 August 2024	842
	-------
Carrying amount
At 27 August 2024	919
	-------
At 28 August 2023	1,081
	-------

5. DEBTORS

	2024	2023
	£	£
Other debtors	54,198	62,432
	--------	--------

6. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	25,839	9,280
Amounts owed to related parties	775	775
Other creditors	4,196	3,218
	--------	--------
	30,810	13,273
	--------	--------

7. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	17,141	20,000
	--------	--------