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Company Registration No. 03526005 (England and Wales)
Atlantic Property Services Ltd Unaudited accounts for the year ended 31 March 2024
Atlantic Property Services Ltd Unaudited accounts Contents
Page
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Atlantic Property Services Ltd Company Information for the year ended 31 March 2024
Director
M Brown
Secretary
L Brown
Company Number
03526005 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Atlantic Property Services Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
600,000 
600,000 
Current assets
Debtors
18,808 
44,951 
Cash at bank and in hand
323,516 
292,394 
342,324 
337,345 
Creditors: amounts falling due within one year
(2,225)
(2,022)
Net current assets
340,099 
335,323 
Net assets
940,099 
935,323 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
61,373 
61,373 
Profit and loss account
878,626 
873,850 
Shareholders' funds
940,099 
935,323 
For the year ending 31 March 2024 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 her 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 2 July 2024 and were signed on its behalf by
M Brown Director Company Registration No. 03526005
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Atlantic Property Services Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Atlantic Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 03526005. The registered office is Denmark House, 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
600,000 
At 31 March 2024
600,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,395 
35,538 
Amounts falling due after more than one year
Other debtors
9,413 
9,413 
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Atlantic Property Services Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,590 
1,407 
Accruals
635 
615 
2,225 
2,022 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At the 31st March 2024 the director owed the company £9,395 (2023 £9,513). This is an interest free loan repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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