Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mrs S Rescorla Mr A P Rescorla 23 February 2025 The principal activity of the Company during the financial year was the letting of its freehold property. 05365831 2024-10-31 05365831 2023-10-31 05365831 core:CurrentFinancialInstruments 2024-10-31 05365831 core:CurrentFinancialInstruments 2023-10-31 05365831 core:ShareCapital 2024-10-31 05365831 core:ShareCapital 2023-10-31 05365831 core:RevaluationReserve 2024-10-31 05365831 core:RevaluationReserve 2023-10-31 05365831 core:RetainedEarningsAccumulatedLosses 2024-10-31 05365831 core:RetainedEarningsAccumulatedLosses 2023-10-31 05365831 core:LandBuildings 2023-10-31 05365831 core:PlantMachinery 2023-10-31 05365831 core:LandBuildings 2024-10-31 05365831 core:PlantMachinery 2024-10-31 05365831 bus:OrdinaryShareClass1 2024-10-31 05365831 2023-11-01 2024-10-31 05365831 bus:FilletedAccounts 2023-11-01 2024-10-31 05365831 bus:SmallEntities 2023-11-01 2024-10-31 05365831 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05365831 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05365831 bus:Director1 2023-11-01 2024-10-31 05365831 bus:Director2 2023-11-01 2024-10-31 05365831 core:PlantMachinery core:TopRangeValue 2023-11-01 2024-10-31 05365831 2022-11-01 2023-10-31 05365831 core:LandBuildings 2023-11-01 2024-10-31 05365831 core:PlantMachinery 2023-11-01 2024-10-31 05365831 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 05365831 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05365831 (England and Wales)

ATTICUS PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

ATTICUS PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

ATTICUS PROPERTY LIMITED

BALANCE SHEET

As at 31 October 2024
ATTICUS PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 370,855 370,891
370,855 370,891
Current assets
Cash at bank and in hand 148,267 150,614
148,267 150,614
Creditors: amounts falling due within one year 4 ( 19,923) ( 25,240)
Net current assets 128,344 125,374
Total assets less current liabilities 499,199 496,265
Provision for liabilities ( 27,466) ( 27,473)
Net assets 471,733 468,792
Capital and reserves
Called-up share capital 5 100 100
Revaluation reserve 157,881 157,881
Profit and loss account 313,752 310,811
Total shareholders' funds 471,733 468,792

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Atticus Property Limited (registered number: 05365831) were approved and authorised for issue by the Board of Directors on 23 February 2025. They were signed on its behalf by:

Mr A P Rescorla
Director
ATTICUS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
ATTICUS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Atticus Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods, rentals due and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax,

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 November 2023 370,817 673 371,490
At 31 October 2024 370,817 673 371,490
Accumulated depreciation
At 01 November 2023 0 599 599
Charge for the financial year 0 36 36
At 31 October 2024 0 635 635
Net book value
At 31 October 2024 370,817 38 370,855
At 31 October 2023 370,817 74 370,891

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 4,186 3,501
Other creditors 15,737 21,739
19,923 25,240

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100