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Registration number: 12268314

Atlantic International Partners

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Atlantic International Partners

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Atlantic International Partners

Company Information

Directors

Mr Thierry Coulouvrat

Ms Emeline Picon

Registered office

1 Fore Street Avenue
London
EC2Y 9DT

 

Atlantic International Partners

(Registration number: 12268314)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

732

732

Tangible assets

5

-

352

Investments

6

29,478

28,622

 

30,210

29,706

Current assets

 

Debtors

7

1,002,232

1,078,891

Cash at bank and in hand

 

18,324

76,709

 

1,020,556

1,155,600

Creditors: Amounts falling due within one year

8

(585,327)

(727,328)

Net current assets

 

435,229

428,272

Net assets

 

465,439

457,978

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

465,438

457,977

Shareholders' funds

 

465,439

457,978

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
Mr Thierry Coulouvrat
Director

 

Atlantic International Partners

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Fore Street Avenue
London
EC2Y 9DT
England

These financial statements were authorised for issue by the Board on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Atlantic International Partners

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any
accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount,
are recorded at the fair value at the date of revaluation, as determined by reference to an active market,
less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are recorded at the fair value at the
acquisition date.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Linear 3 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Atlantic International Partners

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

732

732

At 31 December 2024

732

732

Amortisation

Carrying amount

At 31 December 2024

732

732

At 31 December 2023

732

732

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

2,819

2,819

At 31 December 2024

2,819

2,819

Depreciation

At 1 January 2024

2,467

2,467

Charge for the year

352

352

At 31 December 2024

2,819

2,819

Carrying amount

At 31 December 2024

-

-

At 31 December 2023

352

352

6

Investments

2024
£

2023
£

Investments in subsidiaries

29,478

28,622

 

Atlantic International Partners

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Subsidiaries

£

Cost or valuation

At 1 January 2024

28,622

Additions

856

At 31 December 2024

29,478

Provision

Carrying amount

At 31 December 2024

29,478

At 31 December 2023

28,622

7

Debtors

Current

2024
£

2023
£

Trade debtors

201,815

177,996

Other debtors

800,417

900,895

 

1,002,232

1,078,891

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

310,163

184,817

Taxation and social security

22,709

19,348

Other creditors

252,455

523,163

585,327

727,328

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1