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REGISTERED NUMBER: 11977603 (England and Wales)















ATLANTIC LODGE HOUSING 2 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLANTIC LODGE HOUSING 2 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs G Mela
Mr P Pastou
Mr M Pastou





SECRETARY:





REGISTERED OFFICE: Unit 9, Netherhouse Farm
Sewardstone Road
Chingford
London
E4 7RJ





REGISTERED NUMBER: 11977603 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200,000 200,000
Tangible assets 5 15,894 -
215,894 200,000

CURRENT ASSETS
Debtors 6 456,658 317,941
Cash at bank and in hand 36,574 105,734
493,232 423,675
CREDITORS
Amounts falling due within one year 7 23,846 159,917
NET CURRENT ASSETS 469,386 263,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,280

463,758

CREDITORS
Amounts falling due after more than one year 8 292,007 174,652
NET ASSETS 393,273 289,106

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 393,173 289,006
SHAREHOLDERS' FUNDS 393,273 289,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

BALANCE SHEET - continued
31 MAY 2023


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

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 29 February 2024 and were signed on its behalf by:




Mrs G Mela - Director Mr P Pastou - Director




Mr M Pastou - Director


ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Atlantic Lodge Housing 2 Ltd 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.

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 assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 200,000
NET BOOK VALUE
At 31 May 2023 200,000
At 31 May 2022 200,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 18,699
At 31 May 2023 18,699
DEPRECIATION
Charge for year 2,805
At 31 May 2023 2,805
NET BOOK VALUE
At 31 May 2023 15,894

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 89,315 123,242

Amounts falling due after more than one year:
Other debtors 367,343 194,699

Aggregate amounts 456,658 317,941

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 351 127,760
Corporation tax payable 21,635 30,639
Social security and other taxes 660 318
Accrued expenses 1,200 1,200
23,846 159,917

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 32,345 41,126
Other loans - 2-5 years 96,000 -
Other loans more 5yrs instal 163,662 133,526
292,007 174,652

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,345 41,126
Other loans more 5yrs instal 163,662 133,526
196,007 174,652

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2022 289,006
Profit for the year 104,167
At 31 May 2023 393,173