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# ATRIA DEVELOPMENTS LIMITED

## Company Registration Number:
SC470818 (Scotland)

## Unaudited abridged accounts for the year ended 28 February 2025

## Period of accounts

## Start date: 01 March 2024

## End date: 28 February 2025

# ATRIA DEVELOPMENTS LIMITED

## Contents of the Financial Statements

for the Period Ended 28 February 2025

Balance sheet |
Notes |

# ATRIA DEVELOPMENTS LIMITED

## Balance sheet

As at 28 February 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 34,418 | 40,310
Investments: |  | 0 | 0
Total fixed assets: |  | 34,418 | 40,310
Current assets
Stocks: |  | 4,189,316 | 3,920,488
Debtors: |  | 290,106 | 93,050
Cash at bank and in hand: |  | 3,985 | 0
Total current assets: |  | 4,483,407 | 4,013,538
Creditors: amounts falling due within one year: | 4 | (4,551,769) | (4,026,279)
Net current assets (liabilities): |  | (68,362) | (12,741)
Total assets less current liabilities: |  | (33,944) | 27,569
Creditors: amounts falling due after more than one year: | 5 | (311,038) | (304,431)
Total net assets (liabilities): |  | (344,982) | (276,862)
Capital and reserves
Called up share capital: |  | 1,000 | 1,000
Profit and loss account: |  | (345,982) | (277,862)
Shareholders funds: |  | (344,982) | (276,862)

The notes form part of these financial statements

# ATRIA DEVELOPMENTS LIMITED

## Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 January 2026
and signed on behalf of the board by:

Name: Linda Cross
Status: Director

The notes form part of these financial statements

# ATRIA DEVELOPMENTS LIMITED

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

## Tangible fixed assets and depreciation policy

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: Plant and Equipment - 10% straight line Office equipment - 25% and 10% straight line 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.

## Valuation and information policy

Stocks and work in progress 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. 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.

## Other accounting policies

GOING CONCERN The director, having made due and careful enquiry, is of the opinion that the company has adequate working capital to execute its operations over the next 12 months. At 28 February 2025 the company had net liabilities of £344,982. The director has confirmed she will continue to support the company in order to meet it's liabilities as they fall due. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. During the year end the company has settled an outstanding loan with a third party lender and has re-financed with a new loan facility. The company has further developed property which is held in stock and is currently seeking to sell the completed properties which it is expected will generate sufficient funds to allow the company to meet its debt repayment obligations in future periods. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements. BORROWING COSTS RELATED TO ASSETS Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. CASH AT BANK AND IN HAND Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. FINANCIAL INSTRUMENTS The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. FINANCE COSTS Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. BORROWING COSTS All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

# ATRIA DEVELOPMENTS LIMITED

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 3 | 3

# ATRIA DEVELOPMENTS LIMITED

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 March 2024 | 75,100
At 28 February 2025 | 75,100
Depreciation |
At 01 March 2024 | 34,790
Charge for year | 5,892
At 28 February 2025 | 40,682
Net book value |
At 28 February 2025 | 34,418
At 29 February 2024 | 40,310

# ATRIA DEVELOPMENTS LIMITED

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 4. Creditors: amounts falling due within one year note

Trade creditors - £115,071 Taxation and social security - £21,395 Accruals and deferred income - £6,000 Term Loan - £1,536,500 Other Creditors - £2,872,803

# ATRIA DEVELOPMENTS LIMITED

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 5. Creditors: amounts falling due after more than one year note

Other creditors - £265,000 Accruals and deferred income - £46,038

# ATRIA DEVELOPMENTS LIMITED

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 6. Related party transactions

Name of the related party: | Linda Cross
Relationship: | Director and Shareholder
Description of the Transaction: | During the year, the company had transactions with the director. Credits were received of £479,002 and advances were made of £808,326. The loan is unsecured and interest free with no fixed repayment terms in place.
£
Balance at 01 March 2024 |  | 3,202,127
Balance at 28 February 2025 |  | 2,872,803

Name of the related party: | Cross Ventures LP
Relationship: | A Limited Partnership under common control
Description of the Transaction: | The loan due by the company at the year end is £265,000.Interest is accruing on the loan at the rate of 2.5% per annum.
£
Balance at 01 March 2024 |  | 265,000
Balance at 28 February 2025 |  | 265,000