IRIS Accounts Production v25.1.0.734 09332673 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093326732023-11-30093326732024-11-30093326732023-12-012024-11-30093326732022-11-30093326732022-12-012023-11-30093326732023-11-3009332673ns15:EnglandWales2023-12-012024-11-3009332673ns14:PoundSterling2023-12-012024-11-3009332673ns10:Director12023-12-012024-11-3009332673ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009332673ns10:SmallEntities2023-12-012024-11-3009332673ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3009332673ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009332673ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009332673ns10:FullAccounts2023-12-012024-11-3009332673ns10:RegisteredOffice2023-12-012024-11-3009332673ns5:CurrentFinancialInstruments2024-11-3009332673ns5:CurrentFinancialInstruments2023-11-3009332673ns5:Non-currentFinancialInstruments2024-11-3009332673ns5:Non-currentFinancialInstruments2023-11-3009332673ns5:ShareCapital2024-11-3009332673ns5:ShareCapital2023-11-3009332673ns5:RetainedEarningsAccumulatedLosses2024-11-3009332673ns5:RetainedEarningsAccumulatedLosses2023-11-3009332673ns5:PlantMachinery2023-12-012024-11-3009332673ns5:PlantMachinery2023-11-3009332673ns5:PlantMachinery2024-11-3009332673ns5:PlantMachinery2023-11-3009332673ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3009332673ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 09332673 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Atlantic Towers Developments Limited

Atlantic Towers Developments Limited (Registered number: 09332673)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atlantic Towers Developments Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: D Murphy





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 09332673 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Atlantic Towers Developments Limited (Registered number: 09332673)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,428 4,085

CURRENT ASSETS
Stocks 585,894 466,734
Debtors 5 415,417 378,510
Cash at bank - 222
1,001,311 845,466
CREDITORS
Amounts falling due within one year 6 994,018 830,200
NET CURRENT ASSETS 7,293 15,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,721

19,351

CREDITORS
Amounts falling due after more than one
year

7

25,464

31,019
NET LIABILITIES (14,743 ) (11,668 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,843 ) (11,768 )
SHAREHOLDERS' FUNDS (14,743 ) (11,668 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Towers Developments Limited (Registered number: 09332673)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





D Murphy - Director


Atlantic Towers Developments Limited (Registered number: 09332673)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Atlantic Towers Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors have prepared the financial statements on a going concern basis despite the net liability position at the balance sheet date, the sale of the development post year end will create a profit and a net asset position.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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 etc - 25% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 profit and loss.

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.


Atlantic Towers Developments Limited (Registered number: 09332673)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 7,679
DEPRECIATION
At 1 December 2023 3,594
Charge for year 657
At 30 November 2024 4,251
NET BOOK VALUE
At 30 November 2024 3,428
At 30 November 2023 4,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed by group undertakings 336,595 338,095
Amounts owed by associates 76,769 40,415
Other debtors 2,053 -
415,417 378,510

Atlantic Towers Developments Limited (Registered number: 09332673)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 100,759 100,556
Trade creditors 3,710 7,687
Amounts owed to associates 769,717 660,145
Taxation and social security - 10,652
Other creditors 119,832 51,160
994,018 830,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 25,464 31,019

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,241 8,796

8. SECURED DEBTS

A fixed and floating charge dated 29 March 2022, is held over the freehold land known as 50 - 60 Waterloo Road, a property owned by Waterloo Aparthotel Limited, by Kufflink Bridging Limited.

The company has given security over its asset, which is charged against a loan in the holding company.

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £336,595, (2023 £338,095), owing from Waterloo Aparthotel Limited, a company under the the control of Mr Mr D Murphy.

Included within other debtors is an amount of £76,769, (2023 £34,421), owing from Pennystone Properties Limited, a company under the the control of Mr Mr D Murphy.

Included within other creditors is an amount of £43,904, (2023 £5,994, Debtor), owing to DMUR Group Limited, a company under the the control of Mr Mr D Murphy.

Included within other creditors is an amount of £296,772, (2023 £231,044, debtor), owing to Vauxhall Residential Developments Limited, a company under the the control of Mr D Murphy.

Included within other creditors is an amount of £429,041, (2023 £429,101, debtor), owing to Vauxhall Developments Limited, a company related by common control.

The loans are interest free and repayable on demand.