FIRST ATLANTIC FINANCE LIMITED

FIRST ATLANTIC FINANCE LIMITED

FIRST ATLANTIC FINANCE LIMITED - Company Information

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FIRST ATLANTIC FINANCE LIMITED

Company Registration Number:
08449146 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

FIRST ATLANTIC FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

FIRST ATLANTIC FINANCE LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Current assets
Debtors: 3 6,605,783 7,277,267
Cash at bank and in hand: 2,097,969 358,606
Total current assets: 8,703,752 7,635,873
Creditors: amounts falling due within one year: 4 (3,567,513) (2,678,426)
Net current assets (liabilities): 5,136,239 4,957,447
Total assets less current liabilities: 5,136,239 4,957,447
Creditors: amounts falling due after more than one year: 5 (3,590,092) (3,590,092)
Total net assets (liabilities): 1,546,147 1,367,355
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,546,146 1,367,354
Shareholders funds: 1,546,147 1,367,355

The notes form part of these financial statements

FIRST ATLANTIC FINANCE LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2021
and signed on behalf of the board by:

Name: Neesha Khiroya
Status: Director

The notes form part of these financial statements

FIRST ATLANTIC FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

FIRST ATLANTIC FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

FIRST ATLANTIC FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Debtors

2021 2020
££
Debtors due after more than one year: 3,590,092 3,590,092

FIRST ATLANTIC FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due within one year note

Accrued and deferred income £2155765Other creditors £1411748

FIRST ATLANTIC FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Creditors: amounts falling due after more than one year note

Investment by shareholder