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Registered number: 01342528
Atlantis Travel Of London Limited
Financial Statements
For The Year Ended 31 December 2025
Beavis Morgan
Accountants and Business Advisers
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01342528
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 259,780 285,787
Investments 5 100 100
259,880 285,887
CURRENT ASSETS
Debtors 6 132,904 87,823
Cash at bank and in hand 1,335,116 1,397,661
1,468,020 1,485,484
Creditors: Amounts Falling Due Within One Year 7 (490,681 ) (561,610 )
NET CURRENT ASSETS (LIABILITIES) 977,339 923,874
TOTAL ASSETS LESS CURRENT LIABILITIES 1,237,219 1,209,761
NET ASSETS 1,237,219 1,209,761
CAPITAL AND RESERVES
Called up share capital 8 150,000 150,000
Revaluation reserve 9 265,750 265,750
Profit and Loss Account 821,469 794,011
SHAREHOLDERS' FUNDS 1,237,219 1,209,761
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Melvyn Goldstein
Director
13th April 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Atlantis Travel Of London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01342528 . The registered office is First Floor, 314 Regents Park Road, London, N3 2LT.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% reducing balance
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2.4. 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: 9 (2024: 10)
9 10
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 280,000 198,746 59,162 124,731 662,639
As at 31 December 2025 280,000 198,746 59,162 124,731 662,639
Depreciation
As at 1 January 2025 38,750 160,193 54,927 122,982 376,852
Provided during the period 1,550 23,243 635 579 26,007
As at 31 December 2025 40,300 183,436 55,562 123,561 402,859
...CONTINUED
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Net Book Value
As at 31 December 2025 239,700 15,310 3,600 1,170 259,780
As at 1 January 2025 241,250 38,553 4,235 1,749 285,787
5. Investments
Listed
£
Cost or Valuation
As at 1 January 2025 100
As at 31 December 2025 100
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 100
As at 1 January 2025 100
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 117,015 73,298
Prepayments and accrued income 12,593 13,883
Other debtors 3,296 642
132,904 87,823
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 260,950 265,769
Other loans 72,000 -
Corporation tax 14,790 -
Other taxes and social security 38,467 76,099
Other creditors 39,769 57,902
...CONTINUED
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BSP outstanding cash sale 28,642 81,483
Accruals and deferred income 25,719 24,885
Directors' loan accounts 10,344 55,472
490,681 561,610
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 150,000 150,000
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 265,750 794,011
Profit for the year and total comprehensive income - 27,458
As at 31 December 2025 265,750 821,469
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Audit Information
The auditor's report on the accounts of Atlantis Travel Of London Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Philip Horesh (Senior Statutory Auditor) for and on behalf of TL Associates , Statutory Auditor.
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