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REGISTERED NUMBER: 03459363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

ATLANTICA ESTATES LIMITED

ATLANTICA ESTATES LIMITED (REGISTERED NUMBER: 03459363)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATLANTICA ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTORS: Mr T M Krell
Mr E G Krell





SECRETARY: Mr T M Krell





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
England
M2 3BD





REGISTERED NUMBER: 03459363 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ATLANTICA ESTATES LIMITED (REGISTERED NUMBER: 03459363)

BALANCE SHEET
30th April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 3 3

CURRENT ASSETS
Stocks 484,524 467,717
Debtors 5 876,188 926,188
Cash at bank and in hand 89,282 45,001
1,449,994 1,438,906
CREDITORS
Amounts falling due within one year 6 (881,316 ) (739,260 )
NET CURRENT ASSETS 568,678 699,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

568,681

699,649

CREDITORS
Amounts falling due after more than one
year

7

(105,120

)

(299,839

)
NET ASSETS 463,561 399,810

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 463,461 399,710
SHAREHOLDERS' FUNDS 463,561 399,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th October 2024 and were signed on its behalf by:



Mr E G Krell - Director


ATLANTICA ESTATES LIMITED (REGISTERED NUMBER: 03459363)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

Atlantica Estates Limited is a private company limited by shares, incorporated in England and Wales, registration number 03459363. The address of the registered office is 100 Barbirolli Square, Manchester, England M2 3BD. The address of the principal place of business is 84 Palatine Road, Withington, Manchester, M20 3JW.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is presented net of value-added-tax, rebates and discounts.

Rental income from operating leases (net of any incentives given to the lessee), is recognised on a straight line basis over the term of the lease.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

ATLANTICA ESTATES LIMITED (REGISTERED NUMBER: 03459363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

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

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2023
and 30th April 2024 3
NET BOOK VALUE
At 30th April 2024 3
At 30th April 2023 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 876,188 926,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) - 6,379
Amounts owed to group undertakings 756,441 606,441
Tax 21,229 43,372
Other creditors 74,006 74,005
Directors' current accounts 27,000 7,000
Accruals and deferred income 2,640 2,063
881,316 739,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 105,120 299,839

ATLANTICA ESTATES LIMITED (REGISTERED NUMBER: 03459363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 6,379

Amounts falling due between two and five years:
Bank loans - 2-5 years 105,120 299,839

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 105,120 306,218

The building society loan is secured by a fixed charge on the property included in stock. The bank loan is secured by a fixed and floating charge on all the remaining assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

11. ULTIMATE CONTROLLING PARTY

The company's parent company is Revegate Limited, a company registered in England and Wales.