Silverfin false false 30/11/2023 25/11/2022 30/11/2023 A E Tozzi 25/11/2022 18 October 2024 The principal activity of the Company during the financial period was that of letting out residential real estate. 14506687 2023-11-30 14506687 bus:Director1 2023-11-30 14506687 core:CurrentFinancialInstruments 2023-11-30 14506687 core:Non-currentFinancialInstruments 2023-11-30 14506687 core:ShareCapital 2023-11-30 14506687 core:RetainedEarningsAccumulatedLosses 2023-11-30 14506687 2022-11-24 14506687 bus:OrdinaryShareClass1 2023-11-30 14506687 2022-11-25 2023-11-30 14506687 bus:FilletedAccounts 2022-11-25 2023-11-30 14506687 bus:SmallEntities 2022-11-25 2023-11-30 14506687 bus:AuditExemptWithAccountantsReport 2022-11-25 2023-11-30 14506687 bus:PrivateLimitedCompanyLtd 2022-11-25 2023-11-30 14506687 bus:Director1 2022-11-25 2023-11-30 14506687 core:Non-currentFinancialInstruments 2022-11-25 2023-11-30 14506687 bus:OrdinaryShareClass1 2022-11-25 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14506687 (England and Wales)

ATRE INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial period from 25 November 2022 to 30 November 2023
Pages for filing with the registrar

ATRE INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial period from 25 November 2022 to 30 November 2023

Contents

ATRE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2023
ATRE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2023
Note 30.11.2023
£
Fixed assets
Investment property 3 351,517
351,517
Current assets
Cash at bank and in hand 62
62
Creditors: amounts falling due within one year 4 ( 115,855)
Net current liabilities (115,793)
Total assets less current liabilities 235,724
Creditors: amounts falling due after more than one year 5 ( 235,778)
Net liabilities ( 54)
Capital and reserves
Called-up share capital 6 1
Profit and loss account ( 55 )
Total shareholder's deficit ( 54)

For the financial period ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Atre Investments Limited (registered number: 14506687) were approved and authorised for issue by the Director on 18 October 2024. They were signed on its behalf by:

A E Tozzi
Director
ATRE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 November 2022 to 30 November 2023
ATRE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 November 2022 to 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Atre Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Gipsy Hill, London, 19 Gipsy Hill, London, SE19 1QG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £54. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
25.11.2022 to
30.11.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Investment property

Investment property
£
Valuation
As at 25 November 2022 0
Additions 351,517
As at 30 November 2023 351,517

Valuation

The director has reviewed the valuation of the property and considers it to be appropriate for the 2023 accounts.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

30.11.2023
£
Historic cost 351,517

4. Creditors: amounts falling due within one year

30.11.2023
£
Amounts owed to director 112,855
Accruals 3,000
115,855

5. Creditors: amounts falling due after more than one year

30.11.2023
£
Bank loans (secured) 235,778

The bank loans are secured on freehold properties of the Company with a carrying value of £351,517.

6. Called-up share capital

30.11.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

7. Related party transactions

Transactions with the entity's director

30.11.2023
£
Amounts owed to directors 112,855

This loan is interest free and has no fixed date for repayment