Athena Developments (Cheshire) Limited - Accounts to registrar (filleted)

ATHENA DEVELOPMENTS (CHESHIRE) LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J G Munn

Mrs D Munn

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

09523589 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

1 Abbots Quay

Monks Ferry

Birkenhead

CH41 5LH

FIXED ASSETS

Tangible assets

4

666

887

Investment property

5

215,000

215,666

215,887

CREDITORS

Amounts falling due within one year

6

55,098

46,142

NET CURRENT LIABILITIES

(55,098

)

(46,142

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

160,568

169,745

CREDITORS

Amounts falling due after more than one
year

7

(124,738

)

(124,738

)

PROVISIONS FOR LIABILITIES

(17,326

)

(17,326

)

NET ASSETS

18,504

27,681

CAPITAL AND RESERVES

Called up share capital

9

2

Revaluation reserve

10

73,865

Retained earnings

10

(55,363

)

(46,186

)

SHAREHOLDERS' FUNDS

18,504

27,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 23rd December 2025 and were signed on its behalf by:

J G Munn - Director

1.	STATUTORY INFORMATION

Athena Developments (Cheshire) 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.

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.

Turnover

Turnover represents rental income from investment property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors, creditors, directors loan (being repayable on demand) and other loans (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

1,577

DEPRECIATION

At 1st April 2024

690

Charge for year

221

At 31st March 2025

911

NET BOOK VALUE

At 31st March 2025

666

At 31st March 2024

887

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

215,000

NET BOOK VALUE

At 31st March 2025

215,000

At 31st March 2024

215,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2018

26,191

Valuation in 2020

25,000

Valuation in 2021

17,500

Valuation in 2022

2,500

Valuation in 2024

20,000

Cost

123,809

215,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

17

8

Taxation and social security

-

787

Other creditors

55,081

45,347

55,098

46,142

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

124,738

2025

2024

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Interest only mortgage Leasowe

124,738

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

124,738

The loan is secured by way of a charge, on the investment property present in fixed assets in the balance sheet.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary

£1

2

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1st April 2024

(46,186

)

73,865

27,679

Deficit for the year

(9,177

)

(9,177

)

At 31st March 2025

(55,363

)

73,865

18,502