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Registered number: 02654602
Atlas Property Letting & Services Limited
Financial Statements
For The Year Ended 31 March 2024
C.Charles & Co Limited
Chartered Certified Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02654602
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,019 113,928
106,019 113,928
CURRENT ASSETS
Debtors 5 279,970 243,913
Cash at bank and in hand 143,911 181,178
423,881 425,091
Creditors: Amounts Falling Due Within One Year 6 (718,192 ) (846,508 )
NET CURRENT ASSETS (LIABILITIES) (294,311 ) (421,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES (188,292 ) (307,489 )
Creditors: Amounts Falling Due After More Than One Year 7 (93,358 ) (133,365 )
NET LIABILITIES (281,650 ) (440,854 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (281,750 ) (440,954 )
SHAREHOLDERS' FUNDS (281,650) (440,854)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Frixos Nicos Kaimakamis
Director
28 February 2028
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Atlas Property Letting & Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02654602 . The registered office is 51 The Grove, London, W5 5DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 9,065 30,873 209,843 249,781
Additions - - 9,201 9,201
As at 31 March 2024 9,065 30,873 219,044 258,982
Depreciation
As at 1 April 2023 - 14,362 121,491 135,853
Provided during the period - 2,477 14,633 17,110
As at 31 March 2024 - 16,839 136,124 152,963
Net Book Value
As at 31 March 2024 9,065 14,034 82,920 106,019
As at 1 April 2023 9,065 16,511 88,352 113,928
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 198,023 194,677
Prepayments and accrued income 81,947 49,236
279,970 243,913
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,021 109,140
Bank loans and overdrafts 1,939 -
Amounts owed to participating interests 500,000 635,000
Other creditors 75,394 16,085
Taxation and social security 103,838 86,283
718,192 846,508
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 93,358 133,365
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 133,365
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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