ATGTBT Property Ltd 11880924 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the holding of investments. Digita Accounts Production Advanced 6.30.9574.0 true true 11880924 2023-05-01 2024-04-30 11880924 2024-04-30 11880924 core:RetainedEarningsAccumulatedLosses 2024-04-30 11880924 core:ShareCapital 2024-04-30 11880924 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11880924 bus:SmallEntities 2023-05-01 2024-04-30 11880924 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11880924 bus:FullAccounts 2023-05-01 2024-04-30 11880924 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11880924 bus:RegisteredOffice 2023-05-01 2024-04-30 11880924 bus:Director1 2023-05-01 2024-04-30 11880924 bus:Director2 2023-05-01 2024-04-30 11880924 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11880924 core:FurnitureFittings 2023-05-01 2024-04-30 11880924 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 11880924 core:VehiclesPlantMachinery 2023-05-01 2024-04-30 11880924 countries:England 2023-05-01 2024-04-30 11880924 2023-04-30 11880924 2022-05-01 2023-04-30 11880924 2023-04-30 11880924 core:RetainedEarningsAccumulatedLosses 2023-04-30 11880924 core:ShareCapital 2023-04-30 11880924 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 11880924

ATGTBT Property Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

ATGTBT Property Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

ATGTBT Property Ltd

(Registration number: 11880924)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,792

5,840

Investment property

1,218,456

822,310

Other financial assets

5

1

1

 

1,224,249

828,151

Current assets

 

Debtors

499

499

Cash at bank and in hand

 

12,736

43,769

 

13,235

44,268

Creditors: Amounts falling due within one year

(990,727)

(682,032)

Net current liabilities

 

(977,492)

(637,764)

Total assets less current liabilities

 

246,757

190,387

Provisions for liabilities

(1,100)

(1,110)

Net assets

 

245,657

189,277

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

245,557

189,177

Total equity

 

245,657

189,277

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year 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 and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 January 2025 and signed on its behalf by:
 

Mr A Thomas

Director

Mrs G L A Thomas

Director

 

ATGTBT Property Ltd

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

1

General information

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

The address of its registered office is:
93 Pashley Road
Eastbourne
East Sussex
BN20 8EA

These financial statements were authorised for issue by the Board on 17 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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. Of the company's current liabilities the amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

15% Reducing balance

Bicycles

25% Reducing balance

Fixtures and Fittings

15% Reducing balance

 

ATGTBT Property Ltd

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

8,358

Additions

1,229

At 30 April 2024

9,587

Depreciation

At 1 May 2023

2,518

Charge for the year

1,277

At 30 April 2024

3,795

Carrying amount

At 30 April 2024

5,792

At 30 April 2023

5,840

Investment properties

2024
£

At 1 May 2022

822,310

Additions

370,455

Fair value adjustments

25,691

At 30 April 2023

1,218,456

There has been no valuation of investment property by an independent valuer.

 

ATGTBT Property Ltd

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

5

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

1

At 30 April 2024

1

Carrying amount

At 30 April 2024

1

At 30 April 2023

1