ATRA INVESTMENTS LIMITED Filleted accounts for Companies House (small and micro)
ATRA INVESTMENTS LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
00757949
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investment property |
6 |
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--------- |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
8 |
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--------- |
--------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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--------- |
--------- |
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Net assets |
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--------- |
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Capital and reserves
Called up share capital |
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Fair value reserve |
10 |
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Profit and loss account |
10 |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
15 December 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
00757949
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Notes to the Financial Statements |
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without any undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
5.
Tangible assets
Fixtures and fittings |
Total |
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£ |
£ |
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Cost |
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At 1 April 2019 and 31 March 2020 |
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------- |
------- |
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Depreciation |
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At 1 April 2019 |
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Charge for the year |
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------- |
------- |
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At 31 March 2020 |
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------- |
------- |
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Carrying amount |
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At 31 March 2020 |
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------- |
------- |
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At 31 March 2019 |
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------- |
------- |
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6.
Investment property
Freehold investment property |
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£ |
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Cost |
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At 1 April 2019 |
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Additions |
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--------- |
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At 31 March 2020 |
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--------- |
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Impairment |
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At 1 April 2019 and 31 March 2020 |
– |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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The investment property has been revalued by the directors on an open market value for existing use basis as at 31 March 2017.
7.
Debtors
2020 |
2019 |
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£ |
£ |
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Other debtors |
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--------- |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Corporation tax |
– |
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Social security and other taxes |
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– |
Other creditors |
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------- |
------- |
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------- |
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9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2020 |
2019 |
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£ |
£ |
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Included in provisions |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2020 |
2019 |
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£ |
£ |
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Fair value adjustment of financial assets |
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10.
Reserves
Other reserves This non-distributable reserve is used to record increases in the fair value of freehold investment properties and decreases to the extent that such decreases relate to the increase on the same asset. The figure is stated net of the associated deferred tax liability. Profit and loss account This is the distributable reserve represented by the retained profit and loss.