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REGISTERED NUMBER: 10447382 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 April 2024

for

Atlantic DP Ltd

Atlantic DP Ltd (Registered number: 10447382)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Atlantic DP Ltd

Company Information
for the Period 1 April 2023 to 30 April 2024







DIRECTORS: T Hill
C Hill





REGISTERED OFFICE: 20 Brunel Road
Clacton-on-Sea
Essex
CO15 4LU





REGISTERED NUMBER: 10447382 (England and Wales)





ACCOUNTANTS: Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD

Atlantic DP Ltd (Registered number: 10447382)

Balance Sheet
30 April 2024

30/4/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,403,800 4,981,900

CURRENT ASSETS
Debtors 5 117,278 53,329
Cash at bank 22,878 31,189
140,156 84,518
CREDITORS
Amounts falling due within one year 6 1,936,792 1,910,278
NET CURRENT LIABILITIES (1,796,636 ) (1,825,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,607,164

3,156,140

CREDITORS
Amounts falling due after more than one
year

7

(622,750

)

(657,771

)

PROVISIONS FOR LIABILITIES (502,127 ) -
NET ASSETS 4,482,287 2,498,369

CAPITAL AND RESERVES
Called up share capital 9 2,310,100 2,310,100
Revaluation reserve 10 1,919,773 -
Retained earnings 10 252,414 188,269
SHAREHOLDERS' FUNDS 4,482,287 2,498,369

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 DP Ltd (Registered number: 10447382)

Balance Sheet - continued
30 April 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 5 March 2025 and were signed on its behalf by:




C Hill - Director



T Hill - Director


Atlantic DP Ltd (Registered number: 10447382)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

Atlantic DP 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 as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the period 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 period 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 period was NIL (2023 - NIL).

Atlantic DP Ltd (Registered number: 10447382)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 4,978,100 3,800 4,981,900
Revaluations 2,421,900 - 2,421,900
At 30 April 2024 7,400,000 3,800 7,403,800
NET BOOK VALUE
At 30 April 2024 7,400,000 3,800 7,403,800
At 31 March 2023 4,978,100 3,800 4,981,900

Cost or valuation at 30 April 2024 is represented by:

Improvements
Freehold to
property property Totals
£    £    £   
Valuation in 2024 2,421,900 - 2,421,900
Cost 4,978,100 3,800 4,981,900
7,400,000 3,800 7,403,800

If freehold property had not been revalued it would have been included at the following historical cost:

30/4/24 31/3/23
£    £   
Cost 4,978,100 4,978,100

Freehold property was valued on an open market basis on 30 April 2024 by My Moving Places .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 31/3/23
£    £   
Trade debtors 128,997 43,671
Other debtors (11,719 ) 9,658
117,278 53,329

Atlantic DP Ltd (Registered number: 10447382)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 31/3/23
£    £   
Bank loans and overdrafts (see note 8) 22,000 22,000
Trade creditors 41,591 35,141
Tax 21,504 1,933
Other creditors 1,065,600 1,065,600
Directors' current accounts 783,297 783,296
Accruals and deferred income 2,800 2,308
1,936,792 1,910,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 31/3/23
£    £   
Bank loans (see note 8) 622,750 657,771

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 562,984 598,005

8. LOANS

An analysis of the maturity of loans is given below:

30/4/24 31/3/23
£    £   
Amounts falling due within one year or on demand:
Bank Loans 22,000 22,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,000 20,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 39,766 39,766

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 562,984 598,005

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 31/3/23
value: £    £   
2,310,100 Ordinary 1 2,310,100 2,310,100

Atlantic DP Ltd (Registered number: 10447382)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 188,269 - 188,269
Profit for the period 64,145 64,145
Revaluation - 2,421,900 2,421,900
Deferred tax charge - (502,127 ) (502,127 )
At 30 April 2024 252,414 1,919,773 2,172,187

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Atlantic DP Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atlantic DP Ltd for the period ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Atlantic DP Ltd, as a body, in accordance with the terms of our engagement letter dated 26 February 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Atlantic DP Ltd and state those matters that we have agreed to state to the Board of Directors of Atlantic DP Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atlantic DP Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Atlantic DP Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Atlantic DP Ltd. You consider that Atlantic DP Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Atlantic DP Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD


5 March 2025