Registered number
07153931
Atlantic Developments (Cudworth) Limited
Filleted Accounts for the year ended
31 August 2025

Atlantic Developments (Cudworth) Limited
Registered number: | 07153931
Balance Sheet
as at 31 August 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,902,671 |  |  | 1,902,671
Current assets
Debtors | 4 |  | 1,266,954 |  |  | 2,264,050
Cash at bank and in hand |  |  | 768 |  |  | 778
|  |  | 1,267,722 |  |  | 2,264,828
Creditors: amounts falling due within one year | 5 |  | (690,049) |  |  | (1,707,157)
Net current assets |  |  |  | 577,673 |  |  | 557,671
Total assets less current liabilities |  |  |  | 2,480,344 |  |  | 2,460,342
Creditors: amounts falling due after more than one year | 6 |  |  | (938,314) |  |  | (938,333)
Net assets |  |  |  | 1,542,030 |  |  | 1,522,009
Capital and reserves
Called up share capital |  |  |  | 104 |  |  | 104
Fair value reserve | 8 |  |  | 650,000 |  |  | 650,000
Profit and loss account |  |  |  | 891,926 |  |  | 871,905
Shareholders' funds |  |  |  | 1,542,030 |  |  | 1,522,009
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Alexandrou
Director
Approved by the board on 15 May 2026

Atlantic Developments (Cudworth) Limited
Notes to the Accounts
for the year ended 31 August 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents receiveable.
| Investment property
| Investment properties are stated at their open market valuations which according to the directors reflect the fair value at the reporting date. No depreciation is provided in respect of freehold properties which are classified as investment properties. This is a departure from the requirements Companies Act 2006 which requires all property to be depreciated. Such properties are held to earn rentals or for capital appreciation and the directors consider that to depreciate them would not give a true and fair view.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Investment property
£
| Cost/Fair value
| At 1 September 2024 | 1,902,671
| At 31 August 2025 | 1,902,671
| Depreciation
| At 31 August 2025 | -
| Net book value/Fair value
| At 31 August 2025 | 1,902,671
| At 31 August 2024 | 1,902,671
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 100,807 |  | 55,018
| Amounts owed by connected companies |  | 1,164,450 |  | 2,207,793
| Other debtors | 1,697 |  | 1,239
|  |  |  |  |  | 1,266,954 |  | 2,264,050
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 76,957 |  | 374,924
| Amounts owed to connected companies |  | 590,698 |  | 1,309,898
| Taxation and social security costs | 59 |  | -
| Other loans | 18,000 |  | 18,000
| Directors loan | 2,585 |  | 2,585
| Other creditors | 1,750 |  | 1,750
|  |  |  |  |  | 690,049 |  | 1,707,157
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 938,314 |  | 938,333
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 938,314 |  | 938,333
| Secured bank loans | 938,314 |  | 938,333
| Bank loans £938,314 are secured by way of first legal mortgage over the leasehold properties known as flats 16, 17 & 18 Highland Court, Cudworth Street, London, E1 5QU, and by way of personal guarantee by the directors A Alexandrou and G Leonidas.
8 | Fair value reserve | 2025 |  | 2024
£ | £
| At 1 September 2024 | 650,000 |  | 650,000
| At 31 August 2025 | 650,000 |  | 650,000
9 | Related party transactions
| During the year, the company owed the following which is included in creditors: amounts owed to connected companies: Southern Territory Limited - £0 (2024 - £591,000) Marlyn Properties Limited - £585,398 (2024 - £594,498) Friday Hill House Limited - £0 (2024 - £106,400) STUK10 Ltd - £0 (2024 - £18,000) GK Phoenix Limited - £5,300 (2024 - £0) During the year, the company was owed the following which is included in debtors: Icospec Limited £11,200 (2024 - £15,300) Southern Territory (UK) Limited £186,250 (2024 - £192,450) Atlantic (Hertford) Limited £11,464 (2024 - £15,864) Atlantic Lodge (Housing) Limited £0 (2024 - £1,865,080) Southern Territory Limited £835,936 (2024 - £0) STUK03 Ltd £20,000 (2024 - £20,000) STUK05 Ltd £100 (2024 - £100) STUK07 Ltd £24,000 (2024 - £24,000) STUK10 Ltd £500 (2024 - £0) Sewardstone Land Ltd £75,000 (2024 - £75,000) Southern Territory Limited, Marlyn Properties Limited, Friday Hill House Limited, Icospec Limited, GK Phoenix Limited and Atlantic Lodge (Housing) Limited are companies in which both the directors A Alexandrou and G Leonidas have an interest. STUK05 Ltd, STUK10 Ltd, Southern Territory (UK) Limited, Atlantic (Hertford) Limited, STUK03 Ltd and STUK07 Ltd are companies in which the director A Alexandrou has an interest. Sewardstone Land Ltd is a company in which the director G Leonidas has an interest. All loans have been made on an interest free basis with no set repayment date.
10 | Controlling party
| There is no ultimate controlling party, although A Alexandrou indirectly holds the largest share. Southern Territory Limited a company in which the directors A Alexandrou and G Leonidas hold a controlling interest, holds 50% of the issued share capital in the company. Southern Territory (UK) Ltd a company in which the director A Alexandrou holds a controlling interest, holds 50% of the issued share capital in the company.
11 | Other information
| Atlantic Developments (Cudworth) Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Atlantic Business Centre
| 1 The Green
| London
| E4 7ES

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