Registered number
01023114
Aton Investments Limited
Filleted Accounts
31 December 2023
Aton Investments Limited
Registered number: 01023114
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,568,461 2,568,469
Current assets
Debtors 4 398,337 407,956
Cash at bank and in hand 12,701 47,271
411,038 455,227
Creditors: amounts falling due within one year 5 (554,736) (725,302)
Net current liabilities (143,698) (270,075)
Net assets 2,424,763 2,298,394
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,423,763 2,297,394
Shareholders' funds 2,424,763 2,298,394
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T S Mandair
Director
Approved by the board on 12 September 2024
Aton Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes rental income from properties owned by the company.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 2,568,155 1,388 2,569,543
At 31 December 2023 2,568,155 1,388 2,569,543
Depreciation
At 1 January 2023 - 1,074 1,074
Charge for the year - 8 8
At 31 December 2023 - 1,082 1,082
Net book value
At 31 December 2023 2,568,155 306 2,568,461
At 31 December 2022 2,568,155 314 2,568,469
Freehold land and buildings: 2023 2022
£ £
Historical cost 2,568,155 2,568,155
Cumulative depreciation based on historical cost - -
2,568,155 2,568,155
The properties have not been valued professionally, however in the opinion of the director, the properties are worth around £4.8m at 7% return.
4 Debtors 2023 2022
£ £
Trade debtors 75,237 84,856
Other Debtors (Manu Properties Ltd) 323,100 323,100
398,337 407,956
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 137,198 185,779
Trade creditors 3,271 270
Amounts owed to group undertakings and undertakings in which the company has a participating interest 333,431 459,120
Taxation and social security costs 40,410 46,650
Prepaid rents and deposits 33,013 33,483
Other creditors 7,413 -
554,736 725,302
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 137,198 185,779
Bank loans of £137,1985 are secured on the properties owned by the company.
7 Other information
Aton Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Colbert Avenue
Southend On Sea
Essex
SS1 3BH
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