Caseware UK (AP4) 2023.0.135 2023.0.135 true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-014falseNo description of principal activitytrue 10622600 2023-03-01 2024-02-29 10622600 2022-03-01 2023-02-28 10622600 2024-02-29 10622600 2023-02-28 10622600 c:Director1 2023-03-01 2024-02-29 10622600 d:FurnitureFittings 2023-03-01 2024-02-29 10622600 d:FurnitureFittings 2024-02-29 10622600 d:FurnitureFittings 2023-02-28 10622600 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10622600 d:OfficeEquipment 2023-03-01 2024-02-29 10622600 d:OfficeEquipment 2024-02-29 10622600 d:OfficeEquipment 2023-02-28 10622600 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10622600 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10622600 d:CurrentFinancialInstruments 2024-02-29 10622600 d:CurrentFinancialInstruments 2023-02-28 10622600 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10622600 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10622600 d:ShareCapital 2024-02-29 10622600 d:ShareCapital 2023-02-28 10622600 d:RetainedEarningsAccumulatedLosses 2024-02-29 10622600 d:RetainedEarningsAccumulatedLosses 2023-02-28 10622600 c:FRS102 2023-03-01 2024-02-29 10622600 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10622600 c:FullAccounts 2023-03-01 2024-02-29 10622600 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10622600 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 10622600 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 10622600 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 10622600 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 10622600 6 2023-03-01 2024-02-29 10622600 2 2024-02-29 10622600 2 2023-02-28 10622600 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure


















ATM Finance Limited























Unaudited

Financial statements



for the year ended 29 February 2024



Registered number: 10622600

 
ATM Finance Limited - Registered number:10622600


Statement of financial position
As at 29 February 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
4,721
11,057

Investments
 5 
9,826
595,763

  
14,547
606,820

Current assets
  

Debtors: amounts falling due within one year
 6 
162,698
142,416

Cash at bank and in hand
  
2,344
675

  
165,042
143,091

Creditors: amounts falling due within one year
 7 
(163,449)
(163,899)

Net current assets/(liabilities)
  
 
 
1,593
 
 
(20,808)

Total assets less current liabilities
  
16,140
586,012

Provisions for liabilities
  

Deferred tax
 8 
-
(59,277)

  
 
 
-
 
 
(59,277)

Net assets
  
16,140
526,735


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
16,040
526,635

  
16,140
526,735


The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
ATM Finance Limited - Registered number:10622600


Statement of financial position (continued)
As at 29 February 2024

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 income and retained earnings 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 by: 




M Topiol
Director

Date: 27 November 2024

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

Page 2

 
ATM Finance Limited
 
 

Notes to the financial statements
For the year ended 29 February 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered office and principal place of business is 4 Sumner Place, London, SW7 3EE. The company registration number is 10622600.

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 Republic of Ireland' ('FRS 102') and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit or loss.

Page 3

 
ATM Finance Limited
 

Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
ATM Finance Limited
 

Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Office equipment
-
20%

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

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 other third parties and loans to related parties.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
ATM Finance Limited
 
 

Notes to the financial statements
For the year ended 29 February 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 March 2023
12,218
11,465
23,683


Additions
-
466
466



At 29 February 2024

12,218
11,931
24,149



Depreciation


At 1 March 2023
6,613
6,013
12,626


Charge for the year on owned assets
3,742
3,060
6,802



At 29 February 2024

10,355
9,073
19,428



Net book value



At 29 February 2024
1,863
2,858
4,721



At 28 February 2023
5,605
5,452
11,057

Page 6

 
ATM Finance Limited
 
 

Notes to the financial statements
For the year ended 29 February 2024

5.


Fixed asset investments








Unlisted investments

£



Cost


At 1 March 2023
595,763


Additions
186,926


Disposals
(679,171)


Revaluations
(20,380)



At 29 February 2024

83,138



Impairment


Charge for the period
73,312



At 29 February 2024

73,312



Net book value



At 29 February 2024
9,826



At 28 February 2023
595,763


6.


Debtors

2024
2023
£
£


Trade debtors
69,642
141,434

Other debtors
637
315

Prepayments
729
667

Deferred taxation
91,690
-

162,698
142,416


Page 7

 
ATM Finance Limited
 
 

Notes to the financial statements
For the year ended 29 February 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
1,793
2,043

Other creditors
154,456
155,281

Accruals
7,200
6,575

163,449
163,899





8.


Deferred taxation






2024


£






At beginning of year
(59,277)


Charged to profit or loss
150,967



At end of year
91,690

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
87,207
(59,277)

Tax losses carried forward
4,483
-

91,690
(59,277)


9.


Transactions with the directors

During the year the director provided an additional loan of £79,025 (2023: £99,876) and received repayments of £79,850 (2023: £76,189). At the balance sheet date an amount £154,286 (2023: £155,111) was owed to the director. This loan in interest free.


Page 8