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REGISTERED NUMBER: 07384275 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ATTITUDE (UK) LIMITED

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ATTITUDE (UK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 MAY 2023







DIRECTORS: R Constantinou
Y Tornari





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 07384275 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,092 5,456
Investment property 5 3,591,882 3,591,882
3,595,974 3,597,338

CURRENT ASSETS
Debtors 6 535,623 1,179
Cash at bank and in hand 49,422 33,374
585,045 34,553
CREDITORS
Amounts falling due within one year 7 114,938 385,514
NET CURRENT ASSETS/(LIABILITIES) 470,107 (350,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,066,081

3,246,377

CREDITORS
Amounts falling due after more than one
year

8

(2,188,653

)

(1,339,488

)

PROVISIONS FOR LIABILITIES 10 (289,933 ) (289,933 )
NET ASSETS 1,587,495 1,616,956

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 11 869,800 869,800
Retained earnings 717,694 747,155
SHAREHOLDERS' FUNDS 1,587,495 1,616,956

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.

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

STATEMENT OF FINANCIAL POSITION - 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 2 August 2024 and were signed on its behalf by:





R Constantinou - Director


ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

Attitude (UK) 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, on a reducing balance basis.

Investment property - Not depreciated (see below)
Fixtures and fittings - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MAY 2023

4. PROPERTY,PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 June 2022
and 31 May 2023 19,202
DEPRECIATION
At 1 June 2022 13,746
Charge for year 1,364
At 31 May 2023 15,110
NET BOOK VALUE
At 31 May 2023 4,092
At 31 May 2022 5,456

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 3,591,882
NET BOOK VALUE
At 31 May 2023 3,591,882
At 31 May 2022 3,591,882

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2016 1,159,733
Cost 2,432,149
3,591,882

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,432,149 2,432,149

Investment property was valued on an open market basis on 31 May 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30 -
Amounts owed by group undertakings 270,577 -
Other debtors 265,016 1,179
535,623 1,179

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,474 62,474
Trade creditors 173 163
Amounts owed to group undertakings 22,000 252,278
Taxation and social security 69,595 62,100
Other creditors 11,696 8,499
114,938 385,514

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,188,653 1,339,488

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,200,127 1,401,962

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 289,933 289,933

Deferred
tax
£   
Balance at 1 June 2022 289,933
Balance at 31 May 2023 289,933

11. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 869,800

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.