Registration number: 11994204

Atlantic Blue Holdings Limited

(Registration number: 11994204)

Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	35,000	-
Investment property	4	1,065,226	1,980,226
Investments	5	204	204
		1,100,430	1,980,430
Current assets
Debtors	6	307,142	169,010
Cash at bank and in hand		418,056	86,357
		725,198	255,367
Creditors: Amounts falling due within one year	7	(432,308)	(245,129)
Net current assets		292,890	10,238
Total assets less current liabilities		1,393,320	1,990,668
Creditors: Amounts falling due after more than one year	7	-	(134,881)
Provisions for liabilities		(131,150)	(323,551)
Net assets		1,262,170	1,532,236
Capital and reserves
Called up share capital		104	104
Other reserves		373,589	970,652
Retained earnings		888,477	561,480
Shareholders' funds		1,262,170	1,532,236

For the financial year ending 28 February 2025 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Statement of Comprehensive Income has been taken.

Atlantic Blue Holdings Limited

(Registration number: 11994204)

Balance Sheet as at 28 February 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 November 2025 and signed on its behalf by:
 

.........................................

D P Fielding

Director

Atlantic Blue Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	Accounting policies

Statutory information

Atlantic Blue Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 11994204. The registered office is at Croft House, Croft Close, Laughton En Le Morthen, Sheffield, S25 1YS.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the company's investment properties. Revenue is recognised on a straight line basis over the lease terms.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

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.

Atlantic Blue Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

3	Tangible assets

	Plant and machinery £
Cost
Additions	35,000
At 28 February 2025	35,000
Carrying amount
At 28 February 2025	35,000

Atlantic Blue Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4	Investment properties

Valuation	Fair Value £
At 1 March 2024	1,980,226
Disposals	(915,000)
At 28 February 2025	1,065,226