ATLANTIS PROPERTIES LTD
Statement of financial position
as at 31 March 2023
Tangible assets
31,423
27,279
Cash at bank and in hand
107,251
68,268
Creditors: amounts falling due within one year
(30,762)
(9,928)
Net current assets
128,275
58,340
Total assets less current liabilities
159,698
85,619
Creditors: amounts falling due after more than one year
(36,016)
(40,000)
Called up share capital
100
100
Profit and loss account
123,582
45,519
Shareholders' funds
123,682
45,619
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2024 and were signed on its behalf by
WAHID MEAH CHOWDHURY
Director
Company Registration No. 10790837
ATLANTIS PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
ATLANTIS PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10790837. The registered office is 72 STATION ROAD, HARROW, HA1 2SQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight-Line
Computer equipment
20% Straight-Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
30,251
24,539
54,790
Additions
7,500
4,500
12,000
At 31 March 2023
37,751
29,039
66,790
At 1 April 2022
14,532
12,979
27,511
Charge for the year
4,644
3,212
7,856
At 31 March 2023
19,176
16,191
35,367
At 31 March 2023
18,575
12,848
31,423
At 31 March 2022
15,719
11,560
27,279
ATLANTIS PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
18,312
4,928
Loans from directors
5,000
5,000
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).