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REGISTERED NUMBER: 01069834 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ATLANTIC LEISURE LIMITED

ATLANTIC LEISURE LIMITED (REGISTERED NUMBER: 01069834)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATLANTIC LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Cassidy
G A Locke
G F Scully
A L Taylor-Jones
J A Vasey
G C Vincent





REGISTERED OFFICE: 8 Grundy Street
Liverpool
Merseyside
L5 9SG





REGISTERED NUMBER: 01069834 (England and Wales)





ACCOUNTANTS: John Kerr - Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

ATLANTIC LEISURE LIMITED (REGISTERED NUMBER: 01069834)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,548 20,865
Investment property 5 465,000 83,000
483,548 103,865

CURRENT ASSETS
Stocks 508 602
Debtors 6 6,122 3,583
Investments 7 1,156 -
Cash at bank and in hand 234,393 305,826
242,179 310,011
CREDITORS
Amounts falling due within one year 8 66,964 121,284
NET CURRENT ASSETS 175,215 188,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,763

292,592

PROVISIONS FOR LIABILITIES 90,120 -
NET ASSETS 568,643 292,592

CAPITAL AND RESERVES
Called up share capital 643 619
Retained earnings 568,000 291,973
568,643 292,592

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

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

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 10 July 2024 and were signed on its behalf by:



G A Locke - Director


ATLANTIC LEISURE LIMITED (REGISTERED NUMBER: 01069834)

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


1. STATUTORY INFORMATION

Atlantic Leisure 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- 2% on reducing balance
Plant and machinery- 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES

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

ATLANTIC LEISURE LIMITED (REGISTERED NUMBER: 01069834)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 28,561 54,144 82,705
Additions - 524 524
At 31 December 2023 28,561 54,668 83,229
DEPRECIATION
At 1 January 2023 20,578 41,262 61,840
Charge for year 160 2,681 2,841
At 31 December 2023 20,738 43,943 64,681
NET BOOK VALUE
At 31 December 2023 7,823 10,725 18,548
At 31 December 2022 7,983 12,882 20,865

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 83,000
Revaluations 382,000
At 31 December 2023 465,000
NET BOOK VALUE
At 31 December 2023 465,000
At 31 December 2022 83,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 465,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 6,122 3,583

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 1,156 -
Market value of listed investments at 31 December 2023 - £ 1,156 .

ATLANTIC LEISURE LIMITED (REGISTERED NUMBER: 01069834)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 223 5,652
Other creditors 66,741 115,632
66,964 121,284