Atherton Estates Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Atherton Estates Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00591186 . The registered office is 19 Bamford Road, Heywood, Lancashire, OL10 4TA.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their

useful lives on the following bases:

Fixtures & Fittings	10% on cost
Computer Equipment	25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale

proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to

determine whether there is any indication that those assets have suffered an impairment loss. If any such

indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the

impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,

the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,

the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying

amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An

impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued

amount, in which case the impairment loss is treated as a revaluation decrease.

2.3. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss

on a straight line basis over the term of the relevant lease except where another more systematic basis is

more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount

of the leased asset and recognised on a straight line basis over the lease term.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

comprises direct materials and, where applicable, direct labour costs and those overheads that have been

incurred in bringing the stocks to their present location and condition. Investment properties transferred into

stock are carried forward at deemed cost, being fair value at the date of change in use.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks

over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or

loss. Reversals of impairment losses are also recognised in profit or loss.

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Atherton Estates Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments

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 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 amounts due from fellow group undertakings, other debtors 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 financial asset is measured at the present value of the future receipts discounted at a

market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of

transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no

longer at the discretion of the company.

2.6. 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.

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: 1 (2024: 1)

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Atherton Estates Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	575	1,398	1,973

As at 31 March 2025	575	1,398	1,973

Depreciation
As at 1 April 2024	575	786	1,361
Provided during the period	-	350	350

As at 31 March 2025	575	1,136	1,711

Net Book Value
As at 31 March 2025	-	262	262

As at 1 April 2024	-	612	612

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	789	-
Prepayments and accrued income	944	-
VAT	213	145
Director's loan account	611	-
Amounts owed by group undertakings	1,010,408	1,010,408

	1,012,965	1,010,553
Due after more than one year
Amounts owed by group undertakings	562,361	527,681

	1,575,326	1,538,234

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	586	871
Other creditors	2,400	2,400
Accruals and deferred income	2,875	2,875
Director's loan account	-	324

	5,861	6,470

7. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	205,847	205,847
Deferred taxation	(1,284 )	(1,284 )

Balance at 31 March 2025	204,563	204,563

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Atherton Estates Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
150,000 Ordinary Shares of £ 1.00 each	150,000	150,000

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		262		612

			262		612
CURRENT ASSETS
Stocks		1,800,720		1,800,720
Debtors	5	1,575,326		1,538,234
Cash at bank and in hand		115,431		192,974

		3,491,477		3,531,928
Creditors: Amounts Falling Due Within One Year	6	(5,861 )		(6,470 )

NET CURRENT ASSETS (LIABILITIES)			3,485,616		3,525,458

TOTAL ASSETS LESS CURRENT LIABILITIES			3,485,878		3,526,070

PROVISIONS FOR LIABILITIES
Deferred Taxation			(204,563 )		(205,847 )

NET ASSETS			3,281,315		3,320,223

CAPITAL AND RESERVES
Called up share capital	8		150,000		150,000
Share premium account			256,655		256,655
Profit and Loss Account			2,874,660		2,913,568

SHAREHOLDERS' FUNDS			3,281,315		3,320,223