COMPANY REGISTRATION NUMBER:
08693831
|
Atraxia Developments Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Atraxia Developments Limited |
|
|
Statement of Financial Position |
|
30 September 2026
Current assets
|
Stocks |
– |
|
7,700,000 |
|
Debtors |
4 |
– |
|
398 |
|
Cash at bank and in hand |
100,449 |
|
29,080 |
|
--------- |
|
------------ |
|
100,449 |
|
7,729,478 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
3,159,389 |
|
10,502,250 |
|
------------ |
|
------------- |
|
Net current liabilities |
|
3,058,940 |
2,772,772 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
(
3,058,940) |
(
2,772,772) |
|
|
------------ |
------------ |
|
Net liabilities |
|
(
3,058,940) |
(
2,772,772) |
|
|
------------ |
------------ |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
(
3,059,040) |
(
2,772,872) |
|
|
------------ |
------------ |
|
Shareholders deficit |
|
(
3,058,940) |
(
2,772,772) |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 October 2026
, and are signed on behalf of the board by:
Company registration number:
08693831
|
Atraxia Developments Limited |
|
|
Notes to the Financial Statements |
|
Year ended 30 September 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 173 Cleveland Street, London, W1T 6QR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Deferred tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised 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 differences. Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.
Going concern
The company is dependent upon continuing financial support being made available by its shareholders to enable the company to continue in operation as a going concern and meet its liabilities as they fall due. The shareholders have confirmed that they will continue to provide financial support to the company, by deferment of amounts owed to or by other means, so as to allow the company to continue in operation as a going concern. In view of the above assurances, the directors are satisfied that the company will have sufficient resources to enable it to continue in existence for the foreseeable future and therefore that it is appropriate to prepare the financial statements on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stock which comprises of development properties are valued at lower of cost and estimated net realisable value. Stock includes principally the property cost, construction cost, project management costs, interest payable and all associated costs incurred during the course of development. Net realisable value is the price at which the stock can be realised in the normal course of business less further costs to completion of sale.
4.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Other debtors |
– |
398 |
|
---- |
---- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
3,159,389 |
10,500,000 |
|
Other creditors |
– |
2,250 |
|
------------ |
------------- |
|
3,159,389 |
10,502,250 |
|
------------ |
------------- |
|
|
|
6.
Related party transactions
The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.