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REGISTERED NUMBER: 11933216 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Attie Homes Ltd

Attie Homes Ltd (Registered number: 11933216)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Attie Homes Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A S Wilson
Mrs H R Wilson





REGISTERED OFFICE: 15 Newland
Lincoln
LN1 1XG





REGISTERED NUMBER: 11933216 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Attie Homes Ltd (Registered number: 11933216)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,046 19,874
Investment property 5 1,550,000 1,550,000
1,567,046 1,569,874

CURRENT ASSETS
Debtors 6 191,882 210,850
Cash at bank 15,116 11,804
206,998 222,654
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

273,877

214,624
NET CURRENT (LIABILITIES)/ASSETS (66,879 ) 8,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,500,167

1,577,904

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(1,125,011

)

(1,074,856

)

PROVISIONS FOR LIABILITIES (93,141 ) (111,666 )
NET ASSETS 282,015 391,382

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 381,508 446,599
Retained earnings (99,494 ) (55,218 )
SHAREHOLDERS' FUNDS 282,015 391,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 10 April 2025 and were signed on its behalf by:




A S Wilson - Director


Attie Homes Ltd (Registered number: 11933216)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Attie Homes 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

No depreciation is being provided on improvements to property.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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

Attie Homes Ltd (Registered number: 11933216)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 1,020 25,221 26,241
DEPRECIATION
At 1 November 2023 - 6,367 6,367
Charge for year - 2,828 2,828
At 31 October 2024 - 9,195 9,195
NET BOOK VALUE
At 31 October 2024 1,020 16,026 17,046
At 31 October 2023 1,020 18,854 19,874

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,550,000
Additions 65,090
Revaluations (65,090 )
At 31 October 2024 1,550,000
NET BOOK VALUE
At 31 October 2024 1,550,000
At 31 October 2023 1,550,000

Cost or valuation of investment properties at 31 October 2024 is represented by:
£
Valuations 381,508
Cost 1,168,492
1,550,000

Attie Homes Limited has valued the investment properties on an open market basis where the individual has no relevant professional qualification but has recent and long term experience of the geographical location where the properties are held and in the type of properties held.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 189,689 210,850
Other debtors 2,193 -
191,882 210,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,779 10,000
Amounts owed to participating interests 211,757 200,988
Other creditors 56,341 3,636
273,877 214,624

Attie Homes Ltd (Registered number: 11933216)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 855,180 705,025
Other creditors 269,831 369,831
1,125,011 1,074,856

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 832,844 681,519

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 28,115 32,443
Mortgages 832,844 681,519
860,959 713,962

The Bounce Back Loan scheme is secured against a guarantee by the the bank in which the bank guarantees the repayment of the loan if the client was to default on this loan.

Mortgages are secured against the properties to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary voting £0.01 1 1

11. RESERVES
Fair
value
reserve
£   
At 1 November 2023 446,599
Revaluation of property (65,091 )

At 31 October 2024 381,508