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REGISTERED NUMBER: 11977603 (England and Wales)















ATLANTIC LODGE HOUSING 2 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLANTIC LODGE HOUSING 2 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs G Mela
Mr P Pastou
Mr M Pastou





SECRETARY:





REGISTERED OFFICE: Unit 9, Netherhouse Farm
Sewardstone Road
Chingford
London
E4 7RJ





REGISTERED NUMBER: 11977603 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200,000 200,000
Tangible assets 5 13,510 15,894
213,510 215,894

CURRENT ASSETS
Debtors 6 450,905 456,658
Cash at bank and in hand 6,475 36,574
457,380 493,232
CREDITORS
Amounts falling due within one year 7 30,065 23,846
NET CURRENT ASSETS 427,315 469,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,825

685,280

CREDITORS
Amounts falling due after more than one year 8 157,469 292,007
NET ASSETS 483,356 393,273

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 483,256 393,173
SHAREHOLDERS' FUNDS 483,356 393,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:




Mrs G Mela - Director Mr P Pastou - Director




Mr M Pastou - Director


ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Atlantic Lodge Housing 2 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 200,000
NET BOOK VALUE
At 31 May 2024 200,000
At 31 May 2023 200,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 18,699
DEPRECIATION
At 1 June 2023 2,805
Charge for year 2,384
At 31 May 2024 5,189
NET BOOK VALUE
At 31 May 2024 13,510
At 31 May 2023 15,894

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 163,370 89,315

Amounts falling due after more than one year:
Other debtors 287,535 367,343

Aggregate amounts 450,905 456,658

ATLANTIC LODGE HOUSING 2 LTD (REGISTERED NUMBER: 11977603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 351
Corporation tax payable 28,236 21,635
Social security and other taxes 629 660
Accrued expenses 1,200 1,200
30,065 23,846

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 22,447 32,345
Other loans - 2-5 years - 96,000
Other loans more 5yrs instal 135,022 163,662
157,469 292,007

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,447 32,345
Other loans more 5yrs instal 135,022 163,662
157,469 196,007

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 393,173
Profit for the year 90,083
At 31 May 2024 483,256