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REGISTERED NUMBER: 05223029 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ATHLONE PROPERTIES LIMITED

ATHLONE PROPERTIES LIMITED (REGISTERED NUMBER: 05223029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

ATHLONE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J C P Alani
Miss A Alani





REGISTERED OFFICE: Rutland House
90/92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 05223029 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

ATHLONE PROPERTIES LIMITED (REGISTERED NUMBER: 05223029)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 789 1,053

CURRENT ASSETS
Stocks 350,000 350,000
Cash at bank 5,287 11,211
355,287 361,211
CREDITORS
Amounts falling due within one year 361,334 375,495
NET CURRENT LIABILITIES (6,047 ) (14,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,258

)

(13,231

)

CREDITORS
Amounts falling due after more than one
year

(46,571

)

(50,473

)

PROVISIONS FOR LIABILITIES (197 ) (263 )
NET LIABILITIES (52,026 ) (63,967 )

CAPITAL AND RESERVES
Called up share capital 6 700 700
Retained earnings (52,726 ) (64,667 )
SHAREHOLDERS' FUNDS (52,026 ) (63,967 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ATHLONE PROPERTIES LIMITED (REGISTERED NUMBER: 05223029)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 June 2025 and were signed on its behalf by:





J C P Alani - Director


ATHLONE PROPERTIES LIMITED (REGISTERED NUMBER: 05223029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Athlone Properties 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 company's business address differs from its registered office and is in Leigh On Sea.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 2,495
DEPRECIATION
At 1 October 2023 1,442
Charge for year 264
At 30 September 2024 1,706
NET BOOK VALUE
At 30 September 2024 789
At 30 September 2023 1,053

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 50,276 53,980

The above debts are secured against the assets of the company.

ATHLONE PROPERTIES LIMITED (REGISTERED NUMBER: 05223029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 "A" Ordinary £1 200 200
200 "B" Ordinary £1 200 200
100 "C" Ordinary £1 100 100
100 "D" Ordinary £1 100 100
100 "E" Ordinary £1 100 100
700 700

7. GOING CONCERN

The financial statements show that at 30 September 2024 the company had a deficiency of net assets amounting to £52,026 (2023 - £63,967). The continuation of the company's activities is dependent on the continued support of its principal creditors. The financial statements are drawn up under the historical cost convention as the directors expect this support to continue.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ATHLONE PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Athlone Properties Limited for the year ended 30 September 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Athlone Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Athlone Properties Limited and state those matters that we have agreed to state to the Board of Directors of Athlone Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Athlone Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Athlone Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Athlone Properties Limited. You consider that Athlone Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Athlone Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


26 June 2025