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REGISTERED NUMBER: 08785081 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

ATLANTIC WEST MANAGEMENT LIMITED

ATLANTIC WEST MANAGEMENT LIMITED (REGISTERED NUMBER: 08785081)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLANTIC WEST MANAGEMENT LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P J Hayes
A K Hayes





SECRETARY: A K Hayes





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 08785081 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

ATLANTIC WEST MANAGEMENT LIMITED (REGISTERED NUMBER: 08785081)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 83,917 35,974
Investment property 5 1,750,000 1,400,000
1,833,917 1,435,974

CURRENT ASSETS
Debtors 6 2,324 1,208
Investments 7 2,317 2,317
Cash at bank 13,359 61,303
18,000 64,828
CREDITORS
Amounts falling due within one year 8 471,587 61,615
NET CURRENT (LIABILITIES)/ASSETS (453,587 ) 3,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,380,330

1,439,187

CREDITORS
Amounts falling due after more than one year 9 (64,724 ) (64,724 )

PROVISIONS FOR LIABILITIES (31,123 ) (40,033 )
NET ASSETS 1,284,483 1,334,430

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,284,383 1,334,330
1,284,483 1,334,430

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

ATLANTIC WEST MANAGEMENT LIMITED (REGISTERED NUMBER: 08785081)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





P J Hayes - Director


ATLANTIC WEST MANAGEMENT LIMITED (REGISTERED NUMBER: 08785081)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Atlantic West Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and Creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

ATLANTIC WEST MANAGEMENT LIMITED (REGISTERED NUMBER: 08785081)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 100,287
Additions 86,143
Disposals (65,689 )
At 30 April 2024 120,741
DEPRECIATION
At 1 May 2023 64,313
Charge for year 20,980
Eliminated on disposal (48,469 )
At 30 April 2024 36,824
NET BOOK VALUE
At 30 April 2024 83,917
At 30 April 2023 35,974

5. INVESTMENT PROPERTY

As at 30th April 2021 the directors have provided an informal valuation for the properties. Any variation to professional valuations would be deemed to be immaterial.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 1,158,076
Valuation in 2021 187,389
Valuation in 2022 34,535
Valuation in 2023 20,000
Valuation in 2024 350,000
1,750,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 2,324 1,208

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Unlisted investments 2,317 2,317

ATLANTIC WEST MANAGEMENT LIMITED (REGISTERED NUMBER: 08785081)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 1,581
Taxation and social security - 7,734
Other creditors 471,587 52,300
471,587 61,615

Included within other creditors is an inter-company loan due to Messenia Ltd, a company connected with the directors, of £469,398 (2023: £50,000).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 64,724 64,724