Registration number:
Atina Property UK Limited
for the Year Ended 31 May 2024
Atina Property UK Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Atina Property UK Limited
Company Information
Director |
Mr M Crolla |
Registered office |
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Accountants |
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Atina Property UK Limited
(Registration number: SC770962)
Balance Sheet as at 31 May 2024
Note |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(953) |
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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:
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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
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Atina Property UK Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
These financial statements were authorised for issue by the
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year was
Atina Property UK Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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Additions |
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At 31 May 2024 |
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Depreciation |
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Carrying amount |
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At 31 May 2024 |
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Included within the net book value of land and buildings above is £100,388 in respect of freehold land and buildings.
Debtors |
2024 |
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- |
Atina Property UK Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
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Due within one year |
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Other creditors |
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Creditors: amounts falling due after more than one year
2024 |
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Due after one year |
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Other non-current financial liabilities |
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Share capital |
Allotted, called up and fully paid shares
2024 |
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No. |
£ |
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100 |
Related party transactions |
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.