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REGISTERED NUMBER: 11174015 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Athena Property Group Ltd

Athena Property Group Ltd (Registered number: 11174015)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Athena Property Group Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: G Dobie





REGISTERED OFFICE: 5 Luke Street
Greater London
London
EC2A 4PX





REGISTERED NUMBER: 11174015 (England and Wales)





ACCOUNTANTS: Litchfields
5 Luke Street
London
EC2A 4PX

Athena Property Group Ltd (Registered number: 11174015)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,542,469 1,385,969

CURRENT ASSETS
Debtors - 728
Cash at bank 3,559 2,381
3,559 3,109
CREDITORS
Amounts falling due within one year 591,510 393,046
NET CURRENT LIABILITIES (587,951 ) (389,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

954,518

996,032

CREDITORS
Amounts falling due after more than one year 5 (656,003 ) (859,146 )

PROVISIONS FOR LIABILITIES (68,590 ) (38,855 )
NET ASSETS 229,925 98,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 229,825 97,931
229,925 98,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Athena Property Group Ltd (Registered number: 11174015)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





G Dobie - Director


Athena Property Group Ltd (Registered number: 11174015)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Athena Property Group Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Athena Property Group Ltd (Registered number: 11174015)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,385,969
Revaluations 156,500
At 31 January 2024 1,542,469
NET BOOK VALUE
At 31 January 2024 1,542,469
At 31 January 2023 1,385,969

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2020 38,000
Valuation in 2021 38,500
Valuation in 2022 119,000
Valuation in 2023 9,000
Valuation in 2024 156,500
Cost 1,181,469
1,542,469

Investment properties have been revalued as per the valuations provided by the estate agents to the director.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 401,282 716,549

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, a director made a loan to company which was interest free and repayable on demand. The
balance at the year end was £347,185.