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Transatlantique Private Wealth (UK) Limited
Registered number: 14434611
Annual Report
For the year ended 31 December 2025
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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CONTENTS
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Independent Auditors' Report
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Statement of Comprehensive Income
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Statement of Financial Position
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Statement of Changes in Equity
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Notes to the Financial Statements
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors present their Strategic Report for the year ended 31 December 2025. It has been prepared to provide a balanced picture of Transatlantique Private Wealth (UK) Limited (“the Company”).
Fair Review of the Business
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The principal activity of the Company is the provision of regulated financial services in the United Kingdom, including credit broking and investment advisory services, together with the representation of its parent company, Banque Transatlantique SA (“BTSA”), in the UK market to professional clients and high-net-worth individuals, particularly those with personal connections to France and the wider European Union.
During 2025, the Company focused significant resources on obtaining regulatory authorisation and establishing the operational, compliance and governance framework required to undertake regulated activities. Following receipt of authorisation, the Company commenced its credit broking activities and began representing BTSA in the United Kingdom from Q4-2025.
Through its credit broking activities, the Company acts as a regulated intermediary between UK-based clients and BTSA. The Company assists high-net-worth clients residing in the UK in identifying and accessing appropriate financing solutions from France, by assessing client requirements, facilitating introductions and supporting clients throughout the financing process. The Company does not act as a lender. Instead, it generates revenue through intermediary, advisory and referral activities associated with financing transactions and client relationships.
The Directors consider the successful completion of the authorisation process and commencement of regulated operations to be significant milestones in the Company’s development. These achievements establish a strong platform from which the Company can expand its client base and develop recurring revenue streams.
Principal risks and uncertainties
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The Directors have undertaken an assessment of the principal risks facing the Company, including consideration of scenarios that could impact the sustainability of its business model, future performance, solvency or liquidity.
As a regulated financial services business, the Company is exposed to a number of risks and uncertainties, including:
∙Regulatory and compliance risk arising from changes in legislation, regulatory requirements and supervisory expectations.
∙Professional liability risk associated with the provision of investment advisory and credit broking services.
∙Cybersecurity and information security risk, including unauthorised access to confidential client information and business systems.
∙Financial crime risk, including fraud, money laundering, sanctions breaches and identity theft.
∙Operational risk arising from failures in systems, internal processes or third-party service providers.
∙Key person risk due to the Company’s size and reliance on a limited number of senior personnel.
∙Market and economic risk, which may affect client confidence, demand for financing and advisory services, and the availability of suitable financing solutions.
∙Group dependency risk arising from the Company’s reliance on its relationship with BTSA for financing capabilities, product expertise, operational support and revenue generation. Any material change in this relationship could adversely affect the Company’s operations and growth prospects.
The Directors seek to mitigate these risks through robust governance arrangements, regulatory compliance monitoring, employee training, professional indemnity insurance, cybersecurity controls, anti-financial crime procedures and regular review of operational processes.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Balanced and Comprehensive Review of Performance
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The Company’s strategic objective is to become a trusted wealth management advisor and credit broker for professionals and high-net-worth clients with connections to France and the wider European Union.
During the year, the Company generated revenue primarily from its representation of BTSA in the United Kingdom and from the commencement of its credit broking activities.
Revenue for the year amounted to £0.1 million (2024 Unaudited: £nil), while operating expenses totalled £0.6 million (2024 Unaudited: £nil), resulting in an operating loss of £0.5 million (2024 Unaudited: £nil). Approximately £0.4 million, representing 66.7% of total operating expenses, related to professional and consultancy fees incurred in connection with obtaining regulatory authorisation and establishing the governance, compliance and operational framework required to commence regulated activities. The Directors consider these costs to reflect the Company’s investment in establishing its regulated business and supporting future growth.
The Directors anticipated that the Company would incur losses during its establishment phase and consider the expenditure incurred during the year to be consistent with the Company’s long-term strategic objectives.
Whilst transaction volumes remained at an early stage following commencement of regulated activities, the Directors are encouraged by the progress achieved in establishing client relationships, building market presence and developing the Company’s regulated operating platform.
The Directors believe that the infrastructure established during the year provides a strong foundation for future growth and the development of recurring advisory and broking revenues.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Key Performance Indicators
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The Directors monitor a range of financial and non-financial key performance indicators (“KPIs”) to assess business performance and progress against strategic objectives.
As 2025 represented the Company’s establishment and initial operating period following regulatory authorisation, the Directors do not consider that sufficient historical data is yet available to provide meaningful KPI disclosures or trend analysis. The Company’s primary focus during the year was obtaining regulatory authorisation, establishing its operational infrastructure and commencing regulated activities. However, the Directors have established a framework of financial and non-financial performance indicators that will be monitored as the business develops and transaction volumes increase. These indicators are based on Q4-2025 data only for the credit broking Service and the Representation and for the full year for the Operational and regulatory Measures. They are expected to provide a more meaningful measure of performance in future reporting periods.
Credit Broking Service
∙Number of client introductions made: 2 (2024: nil)
∙Number of financing transactions completed: 2 (2024: nil)
∙Revenue generated from credit broking activities: £18k (2024: £nil)
Representation
∙Number of professional events and networking activities attended : 12 (2024: nil)
∙Number of contact and prospective clients introduced to BTSA Group : nil (2024: nil)
Operational and Regulatory Measures
∙Customer complaints: 0 (2024: nil)
∙Professional development (hours): 35h per employee
∙The Directors review these indicators regularly as part of the Company’s management and governance processes.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors have acted in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its shareholder as a whole, having regard to the matters set out in section 172(1) of the Companies Act 2006.
In making decisions during the year, the Directors considered:
∙The likely long-term consequences of decisions.
∙The interests and wellbeing of the Company’s employees.
∙The need to foster strong business relationships with clients, suppliers, professional advisers, Banque Transatlantique group affiliates and regulators.
∙The need to consider the impact of the Company’s operations on the community and the environment.
∙The desirability of the Company maintaining a reputation for high standards of business conduct.
∙The need to act fairly between the Company’s members.
1.Long term consequences of decisions
During the year, the Board’s principal focus was the successful completion of the Company’s regulatory authorisation process and the establishment of regulated operations in the United Kingdom. In approving significant investment in governance, compliance and operational infrastructure ahead of revenue generation, the Directors considered the long-term benefits of establishing a sustainable and well-controlled regulated business.
The Directors recognised that these investments would result in short-term losses during the Company’s establishment phase but concluded that they were necessary to support future growth. The Directors also considered the long-term benefits of establishing robust governance, risk management, and compliance arrangements to support a sustainable growth.
2. Interests of Employees
The Company is committed to maintaining a positive, inclusive and supportive working environment. Employee engagement is encouraged through regular communication, professional development opportunities, regulatory training and diversity and inclusion initiatives.
Employees are invited to provide feedback through periodic surveys and discussions with management. The Board recognise that employees, through attracting, retaining and developing their skills, are key factor to meet the clients high level standards and contribute to its growth objectives.
3. Relationship with suppliers, customers, and others
The Company maintained regular engagement with Banque Transatlantique group affiliates, employees, professional advisers, service providers and regulators throughout the authorisation process and commencement of operations.
The Directors recognise that maintaining strong relationships with clients is fundamental to the Company’s success and therefore seek to ensure that products and services are delivered in accordance with regulatory requirements.
The Company works closely with its service providers to maintain effective operational and compliance arrangements.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
4. Impact on the community and the environment
The Directors recognise that the Company’s activities have both social and environmental impacts. The Company seeks to support clients in making informed financial decisions.
The Company’s environmental footprint is relatively limited due to the nature of its operations. Nevertheless the Directors seek to minimise environmental impacts where practicable.
The Board will continue to consider environmental and societal factors as the Company develops.
5. High standards of business conduct
Maintaining high standards of business conduct is fundamental to the Company’s strategy and reputation as a regulated financial services business. The Directors are committed to acting with integrity, transparency and professionalism in all aspects of the Company’s activities.
During the year, the Company established governance, compliance and risk management frameworks designed to support compliance with applicable legal and regulatory requirements. Policies and procedures were implemented covering areas including financial crime prevention, anti-money laundering, data protection, conflicts of interest, complaints handling and regulatory compliance.
The Directors believe that maintaining a strong culture of ethical behaviour and regulatory compliance supports client trust, protects the Company’s reputation and contributes to its long-term success.
6. Fairness between members
The Company had a single shareholder throughout the year. The Directors nevertheless remained mindful of their duty to act fairly and in the best interests of the shareholder while also taking account of the interests of the Company’s wider stakeholders.
The Directors in preparing this strategic report, have complied with s414C and s172 of the Companies Act.
This report was approved by the board and signed on its behalf by:
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the audited financial statements of Transatlantique Private Wealth (UK) Limited (the 'Company') for the year ended 31 December 2025.
Until Q3, 2025 the Company dedicated its resources to finalising its licence application from the Financial Conduct Authority (FCA). With these licenses obtained in Q3, 2025 the Company's main activity starting from Q4, 2025 has been to launch credit broking and investment advisory activities, as well as representing its parent company, Banque Transatlantique SA, in the United Kingdom.
The Company did not trade in the prior year. The comparatives for the year ended 31 December 2024 were unaudited.
The directors who served during the year and up to the date of this report were:
Directors' responsibilities statement
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The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent; and
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The financial statements are prepared on a going concern basis. The Company remains assured of the financial support provided by the immediate parent company, Banque Transatlantique SA. The directors have received confirmation that the immediate parent company will continue to support the Company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for at least 12 months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Economic impact of global events
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UK businesses are facing many uncertainties and challenges caused by political, economic, social, technological, legal and environmental factors. These uncertainties have contributed to an environment where there exists a range of issues and risks, including inflation, labour shortages, disrupted supply chains and new ways of working.
The directors have carried out an assessment of the potential impact of these uncertainties on the business, including the impact of mitigation measures, and have concluded that the greatest impact on the business is expected to be from the economic ripple effect on the global economy. The directors have taken account of these potential impacts in their going concern assessment.
The Company continues to work with its partners to minimise any impacts of these events and maximise the realisation of any opportunities they may provide to the business.
Qualifying third party indemnity provisions
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The Company has made qualifying third party indemnity provisions for the benefit of its directors which were made during the year and remain in force at the date of this report. No claim or notice of claim in respect of these indemnities has been received in the year.
Disclosure of information to the auditors
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Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Post balance sheet events
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There have been no significant events affecting the Company since the year end.
PKF Littlejohn LLP, have been appointed as auditors during the year.
This report was approved by the board and signed on its behalf by:
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
Opinion
We have audited the financial statements of Transatlantique Private Wealth (UK) Limited (the ‘company’) for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
∙give a true and fair view of the state of the company’s affairs as at 31 December 2025 and of its loss for the year then ended;
∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Other matter
The financial statements of the company for the year ended 31 December 2024, forming the corresponding figures in these financial statements for the year ended 31 December 2025, are not audited.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
Responsibilities of Directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙We obtained an understanding of the company and the sector in which it operates to identify laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We obtained our understanding in this regard through discussions with management, industry research, application of cumulative audit knowledge and experience of the sector.
∙We determined the principal laws and regulations relevant to the company in this regard to be those arising from Financial Conduct Authority (“FCA”), the Companies Act 2006, and UK tax legislation.
∙We designed our audit procedures to ensure the audit team considered whether there were any indications of non-compliance by the company with those laws and regulations. These procedures included, but were not limited to:
o Reviewing disclosures in the financial statements
o Enquiries of management
o Review of minutes of meetings
o Review of legal and other regulatory correspondence
o Review of legal expenses incurred during the period.
∙We also identified the risks of material misstatement of the financial statements due to fraud. We considered, in addition to the non-rebuttable presumption of a risk of fraud arising from management override of controls, the potential for management bias in relation to journal entries which we addressed through detailed testing.
∙As in all of our audits, we addressed the risk of fraud arising from management override of controls by performing audit procedures which included, but were not limited to: the testing of journals; reviewing accounting estimates for evidence of bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of the audit report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone, other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Benny Wong (Senior statutory auditor)
For and on behalf of PKF Littlejohn LLP
Statutory Auditor
30 Churchill Place
Canary Wharf
E14 5RE
24 June 2026
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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Interest receivable and similar income
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(Loss)/profit for the financial year
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Other comprehensive income
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Total comprehensive (loss)/income for the year
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The Statement of Comprehensive Income has been prepared on the basis that all operations are continuing operations.
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The notes on pages 18 to 26 form part of these financial statements.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
REGISTERED NUMBER:14434611
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Cash and cash equivalents
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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The financial statements were approved and authorised for issue by the board and were signed on its behalf by by:
The notes on pages 18 to 26 form part of these financial statements.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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At 1 January 2024 (unaudited)
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Comprehensive income for the year
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Other comprehensive income for the year
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Total comprehensive income for the year
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Total transactions with owners
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At 1 January 2025 (unaudited)
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Comprehensive loss for the year
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Other comprehensive income for the year
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Total comprehensive loss for the year
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Contributions by and distributions to owners
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Shares issued during the year (note 13)
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Total transactions with owners
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The notes on pages 18 to 26 form part of these financial statements.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
Cash flows from operating activities
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(Loss)/profit for the financial year
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interest receivable and similar income
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Net cash (used)/generated from operating activities
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Cash flows from investing activities
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interest receivable and similar income
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Net cash generated from investing activities
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Cash flows from financing activities
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Net cash generated from financing activities
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Net increase in cash and cash equivalents
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Cash and cash equivalents at beginning of year
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Cash and cash equivalents at the end of year
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Cash and cash equivalents at the end of year comprise:
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The notes on pages 18 to 26 form part of these financial statements.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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Unaudited
At 1 January 2025
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The notes on pages 18 to 26 form part of these financial statements.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Transatlantique Private Wealth (UK) Limited is a private company limited by shares and incorporated in England and Wales. The registered number of the Company is 14434611. The address of its registered office is Finsbury Circus House, 15 Finsbury Circus, London, United Kingdom, EC2M 7EB.
Until Q3, 2025 the Company dedicated its resources to finalising its licence application from the Financial Conduct Authority (FCA). With these licenses obtained in Q3, 2025 the Company's main activity starting from Q4, 2025 has been to launch credit broking and investment advisory activities, as well as representing its parent company, Banque Transatlantique SA, in the United Kingdom.
The Company did not trade in the prior year. The comparatives for the year ended 31 December 2024 were unaudited.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements have been prepared in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:
The financial statements are prepared on a going concern basis. The Company remains assured of the financial support provided by the immediate parent company, Banque Transatlantique SA. The directors have received confirmation that the immediate parent company will continue to support the Company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for at least 12 months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive income.
All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'administrative expenses'.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of turnover can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Interest receivable and similar income
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Interest receivable and similar income is recognised in the Statement of Comprehensive Income using the effective interest method.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not yet paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.
Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised costs.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Judgements in applying accounting policies and key sources of estimation uncertainty
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In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised, if the revision affects only that year, or in the year of the revision and future years, if the revision affects both current and future years.
3.1 Critical judgements in applying the Company's accounting policies
The directors do not consider there to be any critical judgements made in the process of applying the Company’s accounting policies.
3.2 Key sources of estimation uncertainty
The directors do not consider there to be any key sources of estimation uncertainty.
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An analysis of turnover by class of business is as follows:
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All turnover arose within the United Kingdom.
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The operating loss is stated after charging:
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Operating lease expense for office rent
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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During the year, the Company obtained the following services from the Company's auditors and their associates:
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Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements
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Fees payable to the Company's auditors and their associates in respect of:
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Audit-related assurance services
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Staff costs were as follows:
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Cost of defined contribution scheme
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The average monthly number of employees, including the directors, during the year was 5 (Unaudited 2024: 4).
During the year, the directors of the Company were paid £468,733 (Unaudited 2024: £nil) as remuneration and £29,607 (Unaudited 2024: £nil) as part of a defined contribution scheme. This includes the remuneration of one Director paid by another entity within the group, which will be recharged to the Company in 2026. There was no highest paid director during the year for the Company.
Management consider the directors to be the key management personnel of the Company.
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Interest receivable from group companies
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Other interest receivable
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Factors affecting tax charge for the year
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The tax assessed for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of25% (2024:25%). The differences are explained below:
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(Loss)/profit on ordinary activities before tax
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(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024: 25%)
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Expenses not deductible for tax purposes
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Deferred tax losses not recognised
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Total tax charge for the year
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Factors that may affect future tax charges
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There are currently no known factors that may affect future tax charges.
- 24 -
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are unsecured, interest free and payable on demand.
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Cash and cash equivalents
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
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- 25 -
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TRANSATLANTIQUE PRIVATE WEALTH (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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2,000,000 (2024: 1) ordinary shares of £1 each
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The Company has one class of shares; the ordinary shares have attached to them full voting, dividend and capital distribution rights.
On 4 August 2025, the Company issued 1,999,999 shares with a nominal value of £1 each for a total consideration of £1,999,999.
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £nil (Unaudited 2024: £nil) were payable to the fund at the reporting date.
The employees of the Company were remunerated via Banque Transatlantique London Branch, which administered payroll on behalf of the Company until October 2025. The pension cost charge represents contributions payable by the Company to the fund and the costs were recharged to the Company in full and are included within administrative expenses which amounted to £7,358 (Unaudited 2024: £nil).
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Related party transactions
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The Company has taken advantage of the exemption from disclosing related party transactions undertaken between other wholly owned members of the group.
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Post balance sheet events
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There have been no significant events affecting the Company since the year end.
The immediate parent company is Banque Transatlantique SA, a company incorporated in France. Its registered office address is 26 Avenue Franklin D. Roosevelt, 75008 Paris, France.
The directors consider there to be no ultimate controlling party.
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