Registered number
09548106
ATR Investments Limited
Unaudited Filleted Accounts
30 April 2024
API Partnership Limited t/a Chandler & Georges
75 Westow Hill
London
SE19 1TX
Ph. 0208 761 2213
Web. www.cgca.co.uk
ATR Investments Limited
Registered number: 09548106
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,011,100 2,011,100
Current assets
Debtors 4 1,359,405 3,765
Investments held as current assets - 1,486,549
Cash at bank and in hand 320,315 19,901
1,679,720 1,510,215
Creditors: amounts falling due within one year 5 (42,674) (67,839)
Net current assets 1,637,046 1,442,376
Total assets less current liabilities 3,648,146 3,453,476
Creditors: amounts falling due after more than one year 6 (993,770) (993,770)
Provisions for liabilities (84,293) (84,293)
Net assets 2,570,083 2,375,413
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,569,983 2,375,313
Shareholders' funds 2,570,083 2,375,413
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kevin Daniel Patrick Craig
Director
Approved by the board on 29 April 2025
ATR Investments Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of rental income from investment property
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment Property fair value movement
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 May 2023 100 2,011,000 2,011,100
At 30 April 2024 100 2,011,000 2,011,100
Historical cost
At 1 May 2023 - 1,561,304
At 30 April 2024 - 1,561,304
The fair value of the property has been estimated by the Directors.
4 Debtors 2024 2023
£ £
Other debtors 1,359,405 3,765
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 22,509 3,006
Taxation and social security costs 3,640 -
Other creditors 16,525 64,833
42,674 67,839
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 993,770 993,770
The loans are availed at interest only basis at the average rate of 2.8% per annum.
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Kevin Daniel Patrick Craig
Short term bridging loan - 903,214 (332,724) 570,490
Valerie Grace Burgess
Short term bridging loan - 903,214 (332,724) 570,490
- 1,806,428 (665,448) 1,140,980
8 Related party transactions
During the year Shareholders of the company arranged bridging loan from the company with no fixed date of repayment. The other debtors included a balance of £570,490 for Kevin Craig (2023: NIL) and £570,490 for Valerie Burgess (2023: NIL). Interest has been accrued on this loan totalling £12,804.
9 Other information
ATR Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
London
SE19 1TX
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