Company Registration No. 13746031 (England and Wales)
Atlantys Property Limited
Unaudited accounts
for the year ended 30 November 2023
Atlantys Property Limited
Unaudited accounts
Contents
Atlantys Property Limited
Company Information
for the year ended 30 November 2023
Company Number
13746031 (England and Wales)
Registered Office
117 Draycott Old Road
Forsbrook
Stoke on Trent
Staffordshire
ST11 9AL
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Atlantys Property Limited
Statement of financial position
as at 30 November 2023
Investment property
454,560
236,432
Cash at bank and in hand
6,987
11,021
Creditors: amounts falling due within one year
(10,793)
(7,622)
Net current assets
15,894
3,399
Total assets less current liabilities
470,454
239,831
Creditors: amounts falling due after more than one year
(439,519)
(229,203)
Called up share capital
2,000
2,000
Profit and loss account
28,935
8,628
Shareholders' funds
30,935
10,628
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2024 and were signed on its behalf by
Mr S Patel
Director
Company Registration No. 13746031
Atlantys Property Limited
Notes to the Accounts
for the year ended 30 November 2023
Atlantys Property Limited is a private company, limited by shares, registered in England and Wales, registration number 13746031. The registered office is 117 Draycott Old Road, Forsbrook, Stoke on Trent, Staffordshire, ST11 9AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 December 2022
236,432
At 30 November 2023
454,560
Amounts falling due within one year
Atlantys Property Limited
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,669
4,518
Taxes and social security
5,321
2,024
Loans from directors
-
300
Creditors include bank loans and overdrafts which are secured of £4,669 (2022 - £4,518).
Charter Court Financial Services Limited registered a charge on 25 April 2022 against the property at 134 Draycott Old Road, Forsbrook.
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
148,012
152,696
Other creditors
291,507
76,507
Aggregate of amounts that fall due for payment after five years
127,708
133,050
Creditors include bank loans and overdrafts which are secured of £148,012.28 (2022 - £152,696).
Charter Court Financial Services Limited registered a charge on 25 April 2022 against the property at 134 Draycott Old Road, Forsbrook.
Creditors include bank loans repayable by instalments or £127,708 due after more than five years.
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% interest due on demand loan
-
19,700
-
19,700
10
Transactions with related parties
During the year a loan was received from Acheron Care Limited, a company in which the director has an interest. The balance owing to Acheron Care Limited at the accounting period ending 30 November 2023 was £291,506.95 (2022 - £76,506.95). Also rental income was received from Acheron Care Limited during the year of £36,000 (2022 - £15,000).
Atlantys Property Limited
Notes to the Accounts
for the year ended 30 November 2023
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).