Atlantic Developments (Cudworth) Limited

Registered number

07153931

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