Transatlantic Thoroughbred Services Limited
Transatlantic Thoroughbred Services Limited
Registered number: 13589665
Unaudited Financial Statements
For the Period
27 August 2021
to
31 August 2022
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Transatlantic Thoroughbred Services Limited
Unaudited Financial Statements
For the Period
27 August 2021
to
31 August 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—3 |
Transatlantic Thoroughbred Services Limited
Balance Sheet
As at
31 August 2022
Balance Sheet
Registered number:
13589665
For the period ending 31 August 2022 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 directors acknowledge their 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.
| 31 August 2022 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 339 | ||
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
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Director
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Director
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The notes on pages 2 to 3 form part of these financial statements.
Transatlantic Thoroughbred Services Limited
Notes to the Financial Statements
For the Period
27 August 2021
to
31 August 2022
Notes to the Financial Statements
1.
General Information
Transatlantic Thoroughbred Services Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
13589665
. The registered office is 23b The Avenue, London, W4 1HA.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
4.
Debtors
| 31 August 2022 | |
|---|---|
| £ | |
| Due within one year | |
| Corporation tax recoverable assets |
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| Directors' loan accounts |
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5.
Creditors: Amounts Falling Due Within One Year
| 31 August 2022 | |
|---|---|
| £ | |
| Corporation tax |
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| Accruals and deferred income |
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Transatlantic Thoroughbred Services Limited
Notes to the Financial Statements (continued)
For the Period
27 August 2021
to
31 August 2022
7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
|
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Mohammed Khan |
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- |
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The above loan is unsecured, interest is charged at 2% and is repayable on demand.