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REGISTERED NUMBER: 10399788 (England and Wales)











Financial Statements

for the Year Ended 30 September 2024

for

ATLANTIC CAPITAL MARKETS LTD

ATLANTIC CAPITAL MARKETS LTD (REGISTERED NUMBER: 10399788)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATLANTIC CAPITAL MARKETS LTD

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr G J Hazelden
Mr J E Woolfitt





REGISTERED OFFICE: 10-11 Penstraze Business Centre
Penstraze
Truro
Cornwall
TR4 8PN





REGISTERED NUMBER: 10399788 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ATLANTIC CAPITAL MARKETS LTD (REGISTERED NUMBER: 10399788)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 554 2,204

CURRENT ASSETS
Debtors 5 59,100 90,074
Cash at bank 140,448 88,202
199,548 178,276
CREDITORS
Amounts falling due within one year 6 75,484 34,509
NET CURRENT ASSETS 124,064 143,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,618

145,971

PROVISIONS FOR LIABILITIES 7 139 551
NET ASSETS 124,479 145,420

CAPITAL AND RESERVES
Called up share capital 8 15,005 15,005
Share premium 34,997 34,997
Retained earnings 74,477 95,418
SHAREHOLDERS' FUNDS 124,479 145,420

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

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

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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





Mr J E Woolfitt - Director


ATLANTIC CAPITAL MARKETS LTD (REGISTERED NUMBER: 10399788)

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

1. STATUTORY INFORMATION

Atlantic Capital Markets Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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 6 (2023 - 10 ) .

ATLANTIC CAPITAL MARKETS LTD (REGISTERED NUMBER: 10399788)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 1,136 6,930 8,066
DEPRECIATION
At 1 October 2023 987 4,875 5,862
Charge for year 149 1,501 1,650
At 30 September 2024 1,136 6,376 7,512
NET BOOK VALUE
At 30 September 2024 - 554 554
At 30 September 2023 149 2,055 2,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 59,100 31,954
Other debtors - 56,000
Prepayments and accrued income - 2,120
59,100 90,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 186 892
Tax 69,729 27,972
Social security and other taxes 2,171 2,314
Other creditors 518 451
Accruals and deferred income 2,880 2,880
75,484 34,509

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 139 551

Deferred
tax
£   
Balance at 1 October 2023 551
Credit to Income Statement during year (412 )
Balance at 30 September 2024 139

ATLANTIC CAPITAL MARKETS LTD (REGISTERED NUMBER: 10399788)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
3,788 A Class Ordinary £1 3,788 3,788
3,788 B Class Ordinary £1 3,788 3,788
5,001 C Class Ordinary £1 5,001 5,001
2,426 D Class Ordinary £1 2,426 2,426
1 E Class Ordinary £1 1 1
1 F Class Ordinary £1 1 1
15,005 15,005

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in the debtors due within one year is £Nil (2023: £28,000) due from Hazel Lakes Limited and £Nil (2023: £28,000) due from Marru Ltd, the companies in which there is common directorship.