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Registered number: 11345427
Ataro Places Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11345427
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,830 2,375
Investment Properties 5 925,000 925,000
Investments 6 50 -
926,880 927,375
CURRENT ASSETS
Debtors 7 411 8,176
Cash at bank and in hand 8,631 10,231
9,042 18,407
Creditors: Amounts Falling Due Within One Year 8 (771,918 ) (767,135 )
NET CURRENT ASSETS (LIABILITIES) (762,876 ) (748,728 )
TOTAL ASSETS LESS CURRENT LIABILITIES 164,004 178,647
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,027 ) (41,162 )
NET ASSETS 122,977 137,485
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve 10 121,705 121,705
Profit and Loss Account 1,172 15,680
SHAREHOLDERS' FUNDS 122,977 137,485
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darren Pearson
Director
Mrs Stefanie Pearson
Director
18 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ataro Places Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11345427 . The registered office is 3 Atlas House, West Devon Business Park, Tavistock, Devon, PL19 9DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover primarily comprises the fair value of the consideration received for the rental of investment properties.  Turnover is shown net of value added tax, rebates and discounts.  The company recognises revenue at the time payment becomes due.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 33% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,265 2,851 6,116
Additions 155 84 239
As at 31 March 2024 3,420 2,935 6,355
Depreciation
As at 1 April 2023 1,436 2,305 3,741
Provided during the period 496 288 784
As at 31 March 2024 1,932 2,593 4,525
Net Book Value
As at 31 March 2024 1,488 342 1,830
As at 1 April 2023 1,829 546 2,375
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 925,000
The fair value adjustment has been assessed by the directors as their best estimate of market value.  This is considered reliable due to their knowledge of the properties in particular and the market in general.
There has been no valuation of the property by an independent valuer.
6. Investments
Subsidiaries
£
Cost
As at 1 April 2023 -
Additions 50
As at 31 March 2024 50
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 50
As at 1 April 2023 -
The above investment represents 50% ownership of RTDATA Ltd, registration number 14601104.
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 5,977
Other debtors 411 2,199
411 8,176
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 4,756
Other loans 700,000 700,000
Amounts owed to group undertakings 2,360 -
Other creditors 69,178 62,020
Taxation and social security 379 359
771,918 767,135
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 April 2023 121,705
As at 31 March 2024 121,705
Page 5