Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Fair value reserve | 8 | ||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
A Alexandrou | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Investment property | ||||||||
No depreciation is provided in respect of freehold properties which are classified as investment properties. This is a departure from the requirements Companies Act 2006 which requires all property to be depreciated. Such properties are held to earn rentals or for capital appreciation and the directors consider that to depreciate them would not give a true and fair view. |
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Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Investment property | ||||||||
£ | ||||||||
Cost/Fair value | ||||||||
At 1 September 2023 | ||||||||
Additions | ||||||||
At 31 August 2024 | ||||||||
Depreciation | ||||||||
At 31 August 2024 | - | |||||||
Net book value/Fair value | ||||||||
At 31 August 2024 | ||||||||
At 31 August 2023 | ||||||||
4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by connected companies | ||||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Amounts owed to connected companies | ||||||||
Other loans | 18,000 | 18,000 | ||||||
Directors loan | 2,585 | 2,585 | ||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | ||||||||
7 | Loans | 2024 | 2023 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Amounts payable otherwise than by instalment falling due for payment after more than five years | 938,333 | 938,333 | ||||||
Secured bank loans | 938,333 | 938,333 | ||||||
8 | Fair value reserve | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 September 2023 | ||||||||
At 31 August 2024 | ||||||||
9 | Related party transactions | |||||||
Southern Territory Limited - £591,000 (2023 - £590,000) Marlyn Properties Limited - £594,498 (2023 - £601,498) Friday Hill House Limited - £106,400 (2023 - £106,400) STUK10 Ltd - £18,000 (2023 - £18,000) During the year, the company was owed the following which is included in debtors: Icospec Limited £15,300 (2023 - £15,300) Southern Territory (UK) Limited £192,450 (2023 - £192,450) Atlantic (Hertford) Limited £15,864 (2023 - £14,864) Atlantic Lodge (Housing) Limited £1,865,080 (2023 - £1,846,697) STUK03 Ltd £20,000 (2023 - £20,000) STUK05 Ltd £100 (2023 - £100) STUK07 Ltd £24,000 (2023 - £24,000) Sewardstone Land Ltd £75,000 (2023 - £75,000) Southern Territory Limited, Marlyn Properties Limited, Friday Hill House Limited, Icospec Limited and Atlantic Lodge (Housing) Limited are companies in which both the directors A Alexandrou and G Leonidas have an interest. STUK05 Ltd, STUK10 Ltd, Southern Territory (UK) Limited, Atlantic (Hertford) Limited, STUK03 Ltd and STUK07 Ltd are companies in which the director A Alexandrou has an interest. Sewardstone Land Ltd is a company in which the director G Leonidas has an interest. All loans have been made on an interest free basis with no set repayment date. |
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10 | Controlling party | |||||||
Atlantic Lodge (Housing) Ltd a company in which the directors A Alexandrou and G Leonidas hold a controlling interest, holds 50% of the issued share capital in the company. Southern Territory (UK) Ltd a company in which the director A Alexandrou holds a controlling interest, holds 50% of the issued share capital in the company. |
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11 | Other information | |||||||
Atlantic Developments (Cudworth) Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Atlantic Business Centre | ||||||||
1 The Green | ||||||||
London | ||||||||
E4 7ES |