Atticus Lucas Ltd 14704763 false 2023-03-03 2024-03-31 2024-03-31 The principal activity of the company is the rental of residential property. Digita Accounts Production Advanced 6.30.9574.0 true true 14704763 2023-03-03 2024-03-31 14704763 2024-03-31 14704763 bus:OrdinaryShareClass1 2024-03-31 14704763 core:RetainedEarningsAccumulatedLosses 2024-03-31 14704763 core:ShareCapital 2024-03-31 14704763 core:CurrentFinancialInstruments 2024-03-31 14704763 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14704763 core:Non-currentFinancialInstruments 2024-03-31 14704763 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 14704763 core:LandBuildings 2024-03-31 14704763 bus:SmallEntities 2023-03-03 2024-03-31 14704763 bus:AuditExemptWithAccountantsReport 2023-03-03 2024-03-31 14704763 bus:FilletedAccounts 2023-03-03 2024-03-31 14704763 bus:SmallCompaniesRegimeForAccounts 2023-03-03 2024-03-31 14704763 bus:RegisteredOffice 2023-03-03 2024-03-31 14704763 bus:Director1 2023-03-03 2024-03-31 14704763 bus:Director2 2023-03-03 2024-03-31 14704763 bus:OrdinaryShareClass1 2023-03-03 2024-03-31 14704763 bus:PrivateLimitedCompanyLtd 2023-03-03 2024-03-31 14704763 core:RetainedEarningsAccumulatedLosses 2023-03-03 2024-03-31 14704763 core:ShareCapital 2023-03-03 2024-03-31 14704763 core:LandBuildings 2023-03-03 2024-03-31 14704763 countries:England 2023-03-03 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14704763

Atticus Lucas Ltd

Unaudited Filleted Financial Statements

for the Period from 3 March 2023 to 31 March 2024

 

Atticus Lucas Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

Atticus Lucas Ltd

Company Information

Directors

Mrs M Lucas

Mr M A Walker

Registered office

15 Newcastle Street
North Shields
Tyne and Wear
NE29 0DF

Accountants

Red Dot Accountants Ltd
15 Olympic Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5GU

 

Atticus Lucas Ltd

(Registration number: 14704763)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

138,948

Current assets

 

Debtors

5

130

Cash at bank and in hand

 

1,242

 

1,372

Creditors: Amounts falling due within one year

6

(44,478)

Net current liabilities

 

(43,106)

Total assets less current liabilities

 

95,842

Creditors: Amounts falling due after more than one year

6

(100,500)

Net liabilities

 

(4,658)

Capital and reserves

 

Called up share capital

7

2

Retained earnings

(4,660)

Shareholders' deficit

 

(4,658)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
Mrs M Lucas
Director

 

Atticus Lucas Ltd

Statement of Changes in Equity for the Period from 3 March 2023 to 31 March 2024

Share capital
£

Retained earnings
£

Total
£

Loss for the period

-

(4,660)

(4,660)

New share capital subscribed

2

-

2

At 31 March 2024

2

(4,660)

(4,658)

 

Atticus Lucas Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Newcastle Street
North Shields
Tyne and Wear
NE29 0DF

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the rental income receivable from tenants in the ordinary course of the company’s activities.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Investment property

Investment property is recorded at actual cost when it is purchased. The value of the property is reviewed annually by the Director's and the property is revalued to current market values where the change in value is significant. The revalued amount is assessed by the Director's by comparing the porpoerty portfolio against similar sized properties in a similar geographical location.

Trade debtors

Trade debtors are amounts due from tenants for rental income in the ordinary course of business.

 

Atticus Lucas Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

138,948

138,948

At 31 March 2024

138,948

138,948

Depreciation

Carrying amount

At 31 March 2024

138,948

138,948

Included within the net book value of land and buildings above is £138,948 in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

Prepayments

130

 

130

 

Atticus Lucas Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

480

Other creditors

43,998

44,478

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

100,500

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

2

2

   

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

100,500