IRIS Accounts Production v24.1.0.578 05894250 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058942502022-07-31058942502023-07-31058942502022-08-012023-07-31058942502021-07-31058942502021-08-012022-07-31058942502022-07-3105894250ns15:EnglandWales2022-08-012023-07-3105894250ns14:PoundSterling2022-08-012023-07-3105894250ns10:Director12022-08-012023-07-3105894250ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105894250ns10:SmallEntities2022-08-012023-07-3105894250ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105894250ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105894250ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105894250ns10:FullAccounts2022-08-012023-07-3105894250ns10:OrdinaryShareClass12022-08-012023-07-3105894250ns10:Director22022-08-012023-07-3105894250ns10:RegisteredOffice2022-08-012023-07-3105894250ns5:CurrentFinancialInstruments2023-07-3105894250ns5:CurrentFinancialInstruments2022-07-3105894250ns5:Non-currentFinancialInstruments2023-07-3105894250ns5:Non-currentFinancialInstruments2022-07-3105894250ns5:ShareCapital2023-07-3105894250ns5:ShareCapital2022-07-3105894250ns5:RetainedEarningsAccumulatedLosses2023-07-3105894250ns5:RetainedEarningsAccumulatedLosses2022-07-3105894250ns5:PlantMachinery2022-08-012023-07-3105894250ns5:FurnitureFittings2022-08-012023-07-3105894250ns5:PlantMachinery2022-07-3105894250ns5:FurnitureFittings2022-07-3105894250ns5:PlantMachinery2023-07-3105894250ns5:FurnitureFittings2023-07-3105894250ns5:PlantMachinery2022-07-3105894250ns5:FurnitureFittings2022-07-3105894250ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105894250ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105894250ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3105894250ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3105894250ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3105894250ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3105894250ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3105894250ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3105894250ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 05894250 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ATHENA PACIFIC LIMITED

ATHENA PACIFIC LIMITED (REGISTERED NUMBER: 05894250)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATHENA PACIFIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: R C Irani
Mrs L A Irani





REGISTERED OFFICE: Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG





REGISTERED NUMBER: 05894250 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

ATHENA PACIFIC LIMITED (REGISTERED NUMBER: 05894250)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,150 1,962

CURRENT ASSETS
Stocks 77,964 70,474
Debtors 5 174,574 98,379
Cash at bank 46,598 60,578
299,136 229,431
CREDITORS
Amounts falling due within one year 6 233,454 154,503
NET CURRENT ASSETS 65,682 74,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,832

76,890

CREDITORS
Amounts falling due after more than one
year

7

19,062

31,764
NET ASSETS 47,770 45,126

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 47,670 45,026
SHAREHOLDERS' FUNDS 47,770 45,126

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

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

ATHENA PACIFIC LIMITED (REGISTERED NUMBER: 05894250)

BALANCE SHEET - continued
31 JULY 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 16 April 2024 and were signed on its behalf by:





R C Irani - Director


ATHENA PACIFIC LIMITED (REGISTERED NUMBER: 05894250)

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

1. STATUTORY INFORMATION

Athena Pacific 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ATHENA PACIFIC LIMITED (REGISTERED NUMBER: 05894250)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 14,714 4,060 18,774
DEPRECIATION
At 1 August 2022 14,714 2,098 16,812
Charge for year - 812 812
At 31 July 2023 14,714 2,910 17,624
NET BOOK VALUE
At 31 July 2023 - 1,150 1,150
At 31 July 2022 - 1,962 1,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,033 22,752
Other debtors 76,693 74,652
Prepayments and accrued income 78,848 975
174,574 98,379

ATHENA PACIFIC LIMITED (REGISTERED NUMBER: 05894250)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,035 9,788
Other loans 2,667 8,000
Trade creditors 2,267 18,185
Social security and other taxes - 331
VAT 3,373 2,766
Other creditors 421 90
Ronald Charles Associates Ltd
Loan 149,504 114,548
Accrued expenses 65,187 795
233,454 154,503

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,289 10,035
Bank loans - 2-5 years 8,773 19,062
Other loans - 1-2 years - 2,667
19,062 31,764

8. CALLED UP SHARE CAPITAL

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

9. RELATED PARTY DISCLOSURES

Orthosole Worldwide Ltd is a related party due to it having common directors and shareholders. At the balance sheet date the company was owed £76,693 (2022: £74,653) by Orthosole Worldwide Ltd.

Ronald Charles Associates Ltd is a related party due to it having common directors and shareholders. At the balance sheet date Orthosole Worldwide Ltd owed Ronald Charles Associates Ltd £149,504 (2022: £114,548) .

Both loans are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

There is no individual controlling party, however Mr and Mrs Irani jointly hold a controlling interest.