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Registered number: 11769266
Atlantic View Apartments Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
David H Evans Ltd
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 11769266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 176,230 -
176,230 -
CURRENT ASSETS
Cash at bank and in hand 1,198 1
1,198 1
Creditors: Amounts Falling Due Within One Year (52,210 ) -
NET CURRENT ASSETS (LIABILITIES) (51,012 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 125,218 1
Creditors: Amounts Falling Due After More Than One Year (125,350 ) -
NET (LIABILITIES)/ASSETS (132 ) 1
CAPITAL AND RESERVES
Called up share capital 5 1 1
Income Statement (133 ) -
SHAREHOLDERS' FUNDS (132) 1
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Raymond Lapa
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Atlantic View Apartments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11769266 . The registered office is Unit 27b Mitton Road Business Park, Mitton Road, Whalley, Lancashire, BB7 9YE.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold held at fair value
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 income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 -
Additions 176,230
As at 31 January 2024 176,230
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4