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AT ESTATES LONDON LIMITED

Registered Number
13213896
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2025

AT ESTATES LONDON LIMITED
Company Information
for the period from 29 February 2024 to 28 February 2025

Director

Alcin Tuncel

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

13213896 (England and Wales)
AT ESTATES LONDON LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets31,6792,238
Investment property4520,723443,220
522,402445,458
Current assets
Debtors-1,240
Cash at bank and on hand35,27030,539
35,27031,779
Creditors amounts falling due within one year5(83,088)(92,666)
Net current assets (liabilities)(47,818)(60,887)
Total assets less current liabilities474,584384,571
Creditors amounts falling due after one year6(372,132)(348,655)
Provisions for liabilities7(14,725)-
Net assets87,72735,916
Capital and reserves
Called up share capital100100
Profit and loss account87,62735,816
Shareholders' funds87,72735,916
The financial statements were approved and authorised for issue by the Director on 23 June 2025, and are signed on its behalf by:
Alcin Tuncel
Director
Registered Company No. 13213896
AT ESTATES LONDON LIMITED
Notes to the Financial Statements
for the period ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. The financial statements have been prepared under historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover represents rent receivable in the period. Income is recognised in the period to which it relates.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Investment property
Investment property which is property held to earn rentals and/or for capital appreciation 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 end date. The surplus or deficit on revaluation is recognised in profit and loss account.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.Average number of employees

20252024
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 29 February 242,3352,335
At 28 February 252,3352,335
Depreciation and impairment
At 29 February 249797
Charge for year559559
At 28 February 25656656
Net book value
At 28 February 251,6791,679
At 28 February 242,2382,238
4.Investment property

£
Fair value at 29 February 24443,220
Additions77,503
At 28 February 25520,723
5.Creditors: amounts due within one year

2025

2024

££
Bank borrowings and overdrafts10,21410,214
Taxation and social security-3,324
Other creditors69,27475,529
Accrued liabilities and deferred income3,6003,599
Total83,08892,666
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts372,132348,655
Total372,132348,655
Loan Amounts falling due in more than five years: 2025: £321,064 (2024: £297,586) The bank loans are secured by the first legal charge over the investment properties of the company.
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)14,725-
Total14,725-
8.Related party transactions
Included in other creditors falling due within one year is an amount of £15,986 (2024: £16,199) due from RA Estates London Ltd a company connected to the director. Included in other creditors at the year end is an amount of £52,529 (2024:56,964) due to the directors.