Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseReal estate agencies11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07503415 2023-02-01 2024-01-31 07503415 2022-02-01 2023-01-31 07503415 2024-01-31 07503415 2023-01-31 07503415 c:Director1 2023-02-01 2024-01-31 07503415 d:OfficeEquipment 2023-02-01 2024-01-31 07503415 d:OfficeEquipment 2024-01-31 07503415 d:OfficeEquipment 2023-01-31 07503415 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07503415 d:CurrentFinancialInstruments 2024-01-31 07503415 d:CurrentFinancialInstruments 2023-01-31 07503415 d:Non-currentFinancialInstruments 2024-01-31 07503415 d:Non-currentFinancialInstruments 2023-01-31 07503415 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07503415 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07503415 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07503415 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07503415 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 07503415 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 07503415 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 07503415 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 07503415 d:ShareCapital 2024-01-31 07503415 d:ShareCapital 2023-01-31 07503415 d:RetainedEarningsAccumulatedLosses 2024-01-31 07503415 d:RetainedEarningsAccumulatedLosses 2023-01-31 07503415 c:OrdinaryShareClass1 2023-02-01 2024-01-31 07503415 c:OrdinaryShareClass1 2024-01-31 07503415 c:FRS102 2023-02-01 2024-01-31 07503415 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07503415 c:FullAccounts 2023-02-01 2024-01-31 07503415 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07503415 2 2023-02-01 2024-01-31 07503415 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07503415














ATKINS PROPERTY SEARCH LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 JANUARY 2024

 
ATKINS PROPERTY SEARCH LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8

 
ATKINS PROPERTY SEARCH LTD
REGISTERED NUMBER:07503415

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
699
979

Current assets
  

Debtors: amounts falling due within one year
 5 
33,571
2,839

Cash at bank and in hand
  
990
60,800

  
34,561
63,639

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(25,185)
(29,867)

Net current assets
  
 
 
9,376
 
 
33,772

Total assets less current liabilities
  
10,075
34,751

Creditors: amounts falling due after more than one year
 7 
(9,349)
(15,950)

  

Net assets
  
726
18,801


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
725
18,800

  
726
18,801

Page 1

 
ATKINS PROPERTY SEARCH LTD
REGISTERED NUMBER:07503415
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




J Atkins
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
ATKINS PROPERTY SEARCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Atkins Property Search Ltd is a private limited liability company registered in England and Wales. Its registered office and principal place of business is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principal activity of the company is that of a property agency.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Commission is recognised when receivable, being on successful exchange of contracts or execution of a lease.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Page 3

 
ATKINS PROPERTY SEARCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction
price less attributable transaction costs. Trade creditors, other creditors and loans from related
parties are recognised initially at transaction price plus attributable transaction costs. Subsequently
they are measured at amortised cost using the effective interest method, less any impairment losses
in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. 

Page 4

 
ATKINS PROPERTY SEARCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable.

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
ATKINS PROPERTY SEARCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 February 2023
1,519



At 31 January 2024

1,519



Depreciation


At 1 February 2023
540


Charge for the year on owned assets
280



At 31 January 2024

820



Net book value



At 31 January 2024
699



At 31 January 2023
979


5.


Debtors

2024
2023
£
£

Trade debtors
40
40

Other debtors
33,465
-

Prepayments and accrued income
66
2,799

33,571
2,839


Included in other debtors there is an amount of £33,465 owed from the director. Interest at the rate of 2.25% has been charged on this loan. This amount was repaid within 9 months of the year end.

Page 6

 
ATKINS PROPERTY SEARCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,600
6,600

Other taxation and social security
15,186
20,168

Other creditors
230
195

Accruals and deferred income
3,169
2,904

25,185
29,867



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,349
15,950



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans

6,600
6,600

Amounts falling due 1-2 years

Bank loans

6,600
6,600

Amounts falling due 2-5 years

Bank loans
2,750
9,350

15,950
22,550

Page 7

 
ATKINS PROPERTY SEARCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1  Ordinary share of £1
1
1


 
Page 8