Transatlantic Sterling Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC689126

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	148,390		106,787
Debtors	5	15,841		10,849
Cash at bank and in hand		22,018		167,086

		186,249		284,722
Creditors: Amounts Falling Due Within One Year	6	(50,307 )		(170,246 )

NET CURRENT ASSETS (LIABILITIES)			135,942		114,476

TOTAL ASSETS LESS CURRENT LIABILITIES			135,942		114,476

NET ASSETS			135,942		114,476

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			135,842		114,376

SHAREHOLDERS' FUNDS			135,942		114,476

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nikita Perezilo

Director

20/05/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Transatlantic Sterling Limited is a private company, limited by shares, incorporated in Scotland, registered number SC689126 . The registered office is Summit House 4-5 Mitchell Street, Edinburgh, EH6 7BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Stocks

	2025	2024
	£	£
Materials	148,390	106,787

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	15,841	10,849

Page 2

Page 3

Transatlantic Sterling Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	42,159	162,322
Taxation and social security	8,148	7,924

	50,307	170,246

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

9. Ultimate Controlling Party

The company's ultimate controlling party is Nikita Perezilo by virtue of his 100% ownership of the issued share capital in Assets Pact Ltd, which has 100% ownership of the issued share capital in Transatlantic Sterling Limited.