ACCOUNTS - Final Accounts preparation

Registered number: 01912551

Athenaeum Developments Limited

Financial statements

Information for filing with the registrar

5 April 2025


Athenaeum Developments Limited

Balance sheet

At 5 April 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,991		3,823
			4,991		3,823
Current assets
Stocks		15,150		15,150
Debtors	5	35,428		57,412
Bank and cash in hand		838,589		800,485
		889,167		873,047
Creditors: amounts falling due within one year	6	(26,832)		(17,932)
Net current assets			862,335		855,115
Total assets less current liabilities			867,326		858,938

Net assets			867,326		858,938

Capital and reserves
Called up share capital	4,102	4,102
Profit and loss account	863,224	854,836
Shareholders' funds	867,326	858,938


Athenaeum Developments Limited

Balance sheet (continued)

At 5 April 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 December 2025.

E C Wright

Director

Company registered number: 01912551
The notes on pages 3 to 5 form part of these financial statements.


Athenaeum Developments Limited

Notes to the financial statements

Year ended 5 April 2025

1.	General information

Athenaeum Developments Limited (the 'company') is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is UNW LLP, Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Accounting policies

2.1

Statement of compliance

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue recognition

Turnover represents amounts receivable for goods and services net of VAT.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

				Fixtures and fittings	-	15%	reducing balance
				Computer equipment	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


Athenaeum Developments Limited

Notes to the financial statements

Year ended 5 April 2025

2.Accounting policies (continued)

2.6

Stocks

Stock principally comprises land for development. All stocks are carried at the lower of cost and net realisable value.

2.7

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024: 3).

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 6 April 2024	6,402	13,786	20,188
Additions	-	3,226	3,226
At 5 April 2025	6,402	17,012	23,414
Depreciation
At 6 April 2024	5,602	10,762	16,364
Charge for the year	120	1,939	2,059
At 5 April 2025	5,722	12,701	18,423
Net book value
At 5 April 2025	680	4,311	4,991
At 5 April 2024	800	3,023	3,823


Athenaeum Developments Limited

Notes to the financial statements

Year ended 5 April 2025

Debtors

					2025	2024
					£	£


Other debtors	6,033	46,809
Prepayments and accrued income	29,395	10,603
	35,428	57,412

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	11,077	5,000
Other taxation and social security	4,625	5,965
Other creditors	8,027	3,998
Accruals and deferred income	3,103	2,969
	26,832	17,932

7.	Related party transactions
	Included in other debtors at 31 March 2025 is £nil (2024: £27,434) due from Stelling LLP and £nil (2024: £16,282) due from Athenaeum Developments Pension Scheme, entities under common control. The loans are unsecured, repayable on demand and incurs no interest.

8.	Transactions with directors

During the year the company operated a current account with the directors. The net amount due to the directors at the year end was £1,983 (2024: £905). This loan is unsecured, repayable on demand and incurs no interest.