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Registered number: 01695010
Atlantis Travel (BDH) Limited
Financial Statements
For The Year Ended 31 December 2024
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01695010
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,930 73,261
Investments 5 100,133 100,133
156,063 173,394
CURRENT ASSETS
Debtors 6 164,468 202,756
Cash at bank and in hand 4,100,449 4,017,029
4,264,917 4,219,785
Creditors: Amounts Falling Due Within One Year 7 (235,328 ) (519,497 )
NET CURRENT ASSETS (LIABILITIES) 4,029,589 3,700,288
TOTAL ASSETS LESS CURRENT LIABILITIES 4,185,652 3,873,682
NET ASSETS 4,185,652 3,873,682
CAPITAL AND RESERVES
Called up share capital 8 51,000 51,000
Capital redemption reserve 9,000 9,000
Profit and Loss Account 4,125,652 3,813,682
SHAREHOLDERS' FUNDS 4,185,652 3,873,682
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B D Horwitz
Director
15 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Atlantis Travel (BDH) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01695010 . The registered office is 314 Regents Park Road, Finchley, London, N3 2JX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on written down value
Motor Vehicles 25% on written down value
Fixtures & Fittings 15% on written down value
Computer Equipment 33% on written down value
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 4,194 95,659 44,143 35,127 179,123
Additions - - - 1,261 1,261
As at 31 December 2024 4,194 95,659 44,143 36,388 180,384
Depreciation
As at 1 January 2024 4,012 23,916 42,820 35,114 105,862
Provided during the period 37 17,936 198 421 18,592
As at 31 December 2024 4,049 41,852 43,018 35,535 124,454
Net Book Value
As at 31 December 2024 145 53,807 1,125 853 55,930
As at 1 January 2024 182 71,743 1,323 13 73,261
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5. Investments
Listed
£
Cost
As at 1 January 2024 100,133
As at 31 December 2024 100,133
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100,133
As at 1 January 2024 100,133
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 159,449 111,908
Prepayments and accrued income 5,019 6,189
Other debtors - 84,659
164,468 202,756
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 65,380 321,419
Corporation tax 115,990 125,133
VAT 3,092 5,128
Accruals and deferred income 50,136 67,718
Directors' loan accounts 730 99
235,328 519,497
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 51,000 51,000
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9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Atlantis Travel (BDH) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Philip Horesh (Senior Statutory Auditor) for and on behalf of Kalculus , Statutory Auditor.
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