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REGISTERED NUMBER: 14641388 (England and Wales)




















Unaudited Financial Statements

FOR THE PERIOD

6 February 2023 to 29 February 2024

for

ATID CHELMSFORD SG LIMITED

ATID CHELMSFORD SG LIMITED (REGISTERED NUMBER: 14641388)

Contents of the Financial Statements
FOR THE PERIOD 6 FEBRUARY 2023 TO 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATID CHELMSFORD SG LIMITED

Company Information
FOR THE PERIOD 6 FEBRUARY 2023 TO 29 FEBRUARY 2024







DIRECTOR: S Glatt





REGISTERED OFFICE: First Floor Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 14641388 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

ATID CHELMSFORD SG LIMITED (REGISTERED NUMBER: 14641388)

Balance Sheet
29 FEBRUARY 2024

Notes £    £   
FIXED ASSETS
Investment property 4 4,275,985

CURRENT ASSETS
Debtors 5 121,600
Cash at bank 110,696
232,296
CREDITORS
Amounts falling due within one year 6 1,900,867
NET CURRENT LIABILITIES (1,668,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,607,414

CREDITORS
Amounts falling due after more than one year 7 2,562,600
NET ASSETS 44,814

CAPITAL AND RESERVES
Called up share capital 9 100
Profit and loss account 44,714
SHAREHOLDERS' FUNDS 44,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2025 and were signed by:





S Glatt - Director


ATID CHELMSFORD SG LIMITED (REGISTERED NUMBER: 14641388)

Notes to the Financial Statements
FOR THE PERIOD 6 FEBRUARY 2023 TO 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Atid Chelmsford Sg 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents gross rental income from the letting of investment property and 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. Rent reviews are only recognised as income once the review has been settled, agreed and concluded.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 4,275,985
At 29 February 2024 4,275,985
NET BOOK VALUE
At 29 February 2024 4,275,985

ATID CHELMSFORD SG LIMITED (REGISTERED NUMBER: 14641388)

Notes to the Financial Statements - continued
FOR THE PERIOD 6 FEBRUARY 2023 TO 29 FEBRUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 121,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 82,903
Amounts owed to group undertakings 1,592,703
Taxation and social security 13,872
Other creditors 211,389
1,900,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 2,562,600

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,562,600

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 2,562,600

Bank loans is secured on the company's investment properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary shares £1 100

100 Ordinary shares shares of £1 each were allotted and fully paid for cash at par during the period.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in creditors, "Amounts falling due within one year" is £152,145 due to a company under common control.