COMPANY REGISTRATION NUMBER:
13852059
ATLANTIS INTEGRITY TOPCO LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
ATLANTIS INTEGRITY TOPCO LIMITED |
|
YEAR ENDED 29 FEBRUARY 2024
Balance sheet
1
Notes to the financial statements
2 to 4
ATLANTIS INTEGRITY TOPCO LIMITED |
|
29 February 2024
Fixed assets
Current assets
Creditors: amounts falling due within one year |
6 |
(
817,453) |
(
858,273) |
|
------------ |
------------ |
Net current liabilities |
(
648,273) |
(
858,273) |
|
------------ |
------------ |
Total assets less current liabilities |
(
648,273) |
10,004 |
|
------------ |
------------ |
Net (liabilities)/assets |
(
648,273) |
10,004 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
7 |
8,547 |
8,547 |
Profit and loss account |
(
656,820) |
1,457 |
|
------------ |
------------ |
Shareholders (deficit)/funds |
(
648,273) |
10,004 |
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
1 March 2024
, and are signed on behalf of the board by:
Mr R E Turner |
Mr N Thornton |
Director |
Director |
|
|
Company registration number:
13852059
ATLANTIS INTEGRITY TOPCO LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 29 FEBRUARY 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 March 2023 and 29 February 2024 |
868,277 |
|
------------ |
Impairment |
|
At 1 March 2023 |
– |
Revaluations |
868,277 |
|
------------ |
At 29 February 2024 |
868,277 |
|
------------ |
|
|
Carrying amount |
|
At 29 February 2024 |
– |
|
------------ |
At 28 February 2023 |
868,277 |
|
------------ |
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Prepayments and accrued income |
169,180 |
– |
|
------------ |
------------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings |
– |
6,771 |
Accruals and deferred income |
169,180 |
5,000 |
Corporation tax |
– |
342 |
Loans |
648,273 |
846,160 |
|
------------ |
------------ |
|
817,453 |
858,273 |
|
------------ |
------------ |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary A Shares shares of £ 1 each |
5,698 |
5,698 |
5,698 |
5,698 |
Ordinary B Shares shares of £ 1 each |
2,849 |
2,849 |
2,849 |
2,849 |
|
------------ |
------------ |
------------ |
------------ |
|
8,547 |
8,547 |
8,547 |
8,547 |
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
8.
Contingencies
The company has granted a charge over its assets in support of certain financial facilities of the subsidiary company.
9.
Related party transactions
There is no one controlling party of the company. The loans set out above are owed to entities connected to the directors. They are unsecured, repayable on demand and bear interest at a commercial rate.