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REGISTERED NUMBER: 07384275 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ATTITUDE (UK) LIMITED

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ATTITUDE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr R Constantinou
Mr Y Tornari





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 07384275 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,069 4,092
Investment property 5 3,591,882 3,591,882
3,594,951 3,595,974

CURRENT ASSETS
Debtors 6 236,169 535,623
Cash at bank and in hand 56,189 49,422
292,358 585,045
CREDITORS
Amounts falling due within one year 7 117,979 114,938
NET CURRENT ASSETS 174,379 470,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,769,330

4,066,081

CREDITORS
Amounts falling due after more than one year 8 (1,830,180 ) (2,188,653 )

PROVISIONS FOR LIABILITIES 11 (289,933 ) (289,933 )
NET ASSETS 1,649,217 1,587,495

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 12 869,800 869,800
Retained earnings 779,416 717,694
SHAREHOLDERS' FUNDS 1,649,217 1,587,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Mr R Constantinou - Director


ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Attitude (UK) 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal..

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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 statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY,PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 19,202
DEPRECIATION
At 1 June 2023 15,110
Charge for year 1,023
At 31 May 2024 16,133
NET BOOK VALUE
At 31 May 2024 3,069
At 31 May 2023 4,092

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 3,591,882
NET BOOK VALUE
At 31 May 2024 3,591,882
At 31 May 2023 3,591,882

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2016 1,159,733
Cost 2,432,149
3,591,882

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,432,149 2,432,149

Investment properties were valued on an open market basis on 31 May 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 30
Amounts owed by group undertakings 229,638 270,577
Other debtors 6,531 265,016
236,169 535,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 11,474
Trade creditors 4,525 173
Amounts owed to group undertakings - 22,000
Taxation and social security 95,244 69,594
Other creditors 8,210 11,697
117,979 114,938

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,830,180 2,188,653

ATTITUDE (UK) LIMITED (REGISTERED NUMBER: 07384275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 11,474

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,830,180 2,188,653

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 1,817,679 2,167,627

Bank loan is secured by way of fixed and floating charge on the properties and other assets of the company and contains a negative pledge.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 289,933 289,933

Deferred
tax
£   
Balance at 1 June 2023 289,933
Balance at 31 May 2024 289,933

12. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 869,800

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.