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REGISTERED NUMBER: 03803086 (England and Wales)














Atlanta 11 Limited

Unaudited Financial Statements

For The Year Ended 31 March 2023






Atlanta 11 Limited (Registered number: 03803086)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Atlanta 11 Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: D J Warters
Mrs L A Warters





SECRETARY: Mrs L A Warters





REGISTERED OFFICE: 27 Marton Road
Bridlington
East Yorkshire
YO16 7AQ





REGISTERED NUMBER: 03803086 (England and Wales)





ACCOUNTANTS: Charles A. Wood & Co.
Chartered Accountants
15 Prospect Street
Bridlington
East Yorkshire
YO15 2AE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Atlanta 11 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atlanta 11 Limited for the year ended 31 March 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Atlanta 11 Limited, as a body, in accordance with the terms of our engagement letter dated 3 December 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Atlanta 11 Limited and state those matters that we have agreed to state to the Board of Directors of Atlanta 11 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atlanta 11 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Atlanta 11 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Atlanta 11 Limited. You consider that Atlanta 11 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Atlanta 11 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charles A. Wood & Co.
Chartered Accountants
15 Prospect Street
Bridlington
East Yorkshire
YO15 2AE


8 November 2023

Atlanta 11 Limited (Registered number: 03803086)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 235,481 274,500
Tangible assets 5 908,458 976,477
1,143,939 1,250,977

CURRENT ASSETS
Debtors 6 318,468 110,574
Cash at bank 2,093,071 1,638,640
2,411,539 1,749,214
CREDITORS
Amounts falling due within one year 174,679 169,416
NET CURRENT ASSETS 2,236,860 1,579,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,380,799

2,830,775

PROVISIONS FOR LIABILITIES (202,453 ) (215,421 )

ACCRUALS AND DEFERRED INCOME (94,382 ) (108,732 )
NET ASSETS 3,083,964 2,506,622

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,083,962 2,506,620
SHAREHOLDERS' FUNDS 3,083,964 2,506,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Atlanta 11 Limited (Registered number: 03803086)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mrs L A Warters - Director


Atlanta 11 Limited (Registered number: 03803086)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Atlanta 11 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Licences purchased by the company in 2002, 2014 and 2020 are being provided on a straight line basis over their estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fishing vessels - 10% on cost
Fixtures, fittings and equipment - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Atlanta 11 Limited (Registered number: 03803086)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 295,388
Disposals (40,000 )
At 31 March 2023 255,388
AMORTISATION
At 1 April 2022 20,888
Amortisation for year 2,019
Eliminated on disposal (3,000 )
At 31 March 2023 19,907
NET BOOK VALUE

At 31 March 2023 235,481
At 31 March 2022 274,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,779,568
Additions 156,977
Disposals (216,453 )
At 31 March 2023 1,720,092
DEPRECIATION
At 1 April 2022 803,091
Charge for year 141,615
Eliminated on disposal (133,072 )
At 31 March 2023 811,634
NET BOOK VALUE
At 31 March 2023 908,458
At 31 March 2022 976,477

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 3,225 -

Atlanta 11 Limited (Registered number: 03803086)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D J Warters and Mrs L A Warters
Balance outstanding at start of year - -
Amounts advanced 108,534 -
Amounts repaid (16,578 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,956 -

The loan to the directors is interest free and repayable on demand.