Atina Property UK Limited SC770962 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is other holiday and other collection accommodation. Digita Accounts Production Advanced 6.30.9574.0 true true SC770962 2023-06-01 2024-05-31 SC770962 2024-05-31 SC770962 bus:OrdinaryShareClass1 2024-05-31 SC770962 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 SC770962 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 SC770962 core:LandBuildings 2024-05-31 SC770962 bus:SmallEntities 2023-06-01 2024-05-31 SC770962 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC770962 bus:FilletedAccounts 2023-06-01 2024-05-31 SC770962 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC770962 bus:RegisteredOffice 2023-06-01 2024-05-31 SC770962 bus:Director1 2023-06-01 2024-05-31 SC770962 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC770962 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC770962 core:LandBuildings 2023-06-01 2024-05-31 SC770962 core:OtherRelatedParties 2023-06-01 2024-05-31 SC770962 countries:Scotland 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC770962

Atina Property UK Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Atina Property UK Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Atina Property UK Limited

Company Information

Director

Mr M Crolla

Registered office

 

Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

Accountants

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Atina Property UK Limited

(Registration number: SC770962)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

100,388

Current assets

 

Cash at bank and in hand

 

51

Creditors: Amounts falling due within one year

6

(179)

Net current liabilities

 

(128)

Total assets less current liabilities

 

100,260

Creditors: Amounts falling due after more than one year

6

(101,113)

Net liabilities

 

(853)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(953)

Shareholders' deficit

 

(853)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Atina Property UK Limited

(Registration number: SC770962)
Balance Sheet as at 31 May 2024

Approved and authorised by the director on 26 February 2025
 

.........................................
Mr M Crolla
Director

 

Atina Property UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

These financial statements were authorised for issue by the director on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

Basis of preparation

These 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.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration derived from property rental. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

 

Atina Property UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

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

Land and buildings

2% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1.

 

Atina Property UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

100,388

100,388

At 31 May 2024

100,388

100,388

Depreciation

Carrying amount

At 31 May 2024

100,388

100,388

Included within the net book value of land and buildings above is £100,388 in respect of freehold land and buildings.
 

5

Debtors

2024
£

-

 

Atina Property UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Other creditors

179

Creditors: amounts falling due after more than one year

2024
£

Due after one year

Other non-current financial liabilities

101,113

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Oridnary Shares of £1 each

100

100

   

8

Related party transactions

The company operates a loan account with the director, Mr M Crolla.
During the year, the director advanced loans totalling £180 to the company. At the year end, the balance due to
the director was £180. This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Grassmarket Holdings Limited, the parent company.
During the year, Grassmarket Holdings Limited advanced loans totalling £101,108 to the company. At the year end, the balance due to Grassmarket Holdings Limited was £101,108. This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Grassmarket Catering Limited, the subsidiary company.
During the year, Grassmarket Catering Limited advanced loans totalling £5 to the company. At the year end, the balance due to Grassmarket Catering Limited was £5. This loan is unsecured, interest free and has no fixed repayment terms.