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ATLANTIC PROPERTY GROUP LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






ATLANTIC PROPERTY GROUP LTD (REGISTERED NUMBER: 12073660)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLANTIC PROPERTY GROUP LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: R L Botell





REGISTERED OFFICE: 2a Ashfield Road
Hale
Altrincham
WA15 9QJ





REGISTERED NUMBER: 12073660 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

ATLANTIC PROPERTY GROUP LTD (REGISTERED NUMBER: 12073660)

BALANCE SHEET
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,100 6,895
Investment property 5 844,919 318,496
924,019 325,391

CURRENT ASSETS
Stocks 49,300 68,000
Debtors 6 - 8,038
Prepayments and accrued income 2,000 10,983
Cash at bank 42,988 163,018
94,288 250,039
CREDITORS
Amounts falling due within one year 7 281,461 361,094
NET CURRENT LIABILITIES (187,173 ) (111,055 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,846

214,336

CREDITORS
Amounts falling due after more than one
year

8

579,665

19,167
NET ASSETS 157,181 195,169

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 157,180 195,168
SHAREHOLDERS' FUNDS 157,181 195,169

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PROPERTY GROUP LTD (REGISTERED NUMBER: 12073660)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





R L Botell - Director


ATLANTIC PROPERTY GROUP LTD (REGISTERED NUMBER: 12073660)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Atlantic Property Group 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ATLANTIC PROPERTY GROUP LTD (REGISTERED NUMBER: 12073660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 759 - - 11,254 12,013
Additions - 5,243 89,900 3,438 98,581
At 30 June 2024 759 5,243 89,900 14,692 110,594
DEPRECIATION
At 1 July 2023 329 - - 4,789 5,118
Charge for year 110 1,313 22,475 2,478 26,376
At 30 June 2024 439 1,313 22,475 7,267 31,494
NET BOOK VALUE
At 30 June 2024 320 3,930 67,425 7,425 79,100
At 30 June 2023 430 - - 6,465 6,895

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 318,496
Additions 526,423
At 30 June 2024 844,919
NET BOOK VALUE
At 30 June 2024 844,919
At 30 June 2023 318,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other debtors - 8,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,794 -
Taxation and social security 42,152 60,837
Other creditors 214,515 290,257
281,461 361,094

ATLANTIC PROPERTY GROUP LTD (REGISTERED NUMBER: 12073660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 522,280 19,167
Hire purchase contracts 57,385 -
579,665 19,167