Registration number: 06810857

Turbine Transfers Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Turbine Transfers Limited

Company Information

Directors

J R Burns D R Jones B A Rowland

Registered office

Newry Beach Yard Newry Beach Holyhead Anglesey LL65 1YB

Accountants

Aston Hughes & Co Chartered AccountantsSelby Towers 29 Princes Drive Colwyn Bay LL29 8PE

Turbine Transfers Limited

(Registration number: 06810857)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Capital and reserves
Called up share capital	3	1	1
Retained earnings		(1)	(1)
Shareholders' funds/(deficit)		-	-

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Profit and Loss Account.

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:
 

......................................... D R Jones Director

Turbine Transfers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Newry Beach Yard
Newry Beach
Holyhead
Anglesey
LL65 1YB
United Kingdom

These financial statements were authorised for issue by the Board on 2 December 2025.

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.

Summary of disclosure exemptions

In accordance with FRS 102, the company has taken advantage of the exemptions from the following disclosure requirements:

- Section 33 'Related Party Disclosures' - Compensation for key management personnel, and the disclosure exemptions from paragraph 33.1A from disclosing transactions entered into between two or more members of a group.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at a standard exchange rate, the profit or loss on exchange is recorded once the balance has been settled, monetary assets and liabilities denominated in foreign currencies are re-translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Turbine Transfers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

4	Parent and ultimate parent undertaking

The company's immediate parent is Holyhead Towing Company Limited, incorporated in England and Wales.

 The ultimate parent is Fortuna Ltd, incorporated in Falkland Islands.

 The most senior parent entity producing publicly available financial statements is Fortuna Ltd. These financial statements are available upon request from the company's registered office.

 The ultimate controlling party is Stuart Wallace.

The parent of the smallest group in which these financial statements are consolidated is HTC Investments Limited, incorporated in England and Wales.

The address of HTC Investments Limited is:
1 Park Row
Leeds
LS1 5AB