ATRA INVESTMENTS LIMITED Filleted accounts for Companies House (small and micro)

ATRA INVESTMENTS LIMITED - Company Information

2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 8,321 8,297 6 8,303 18 24 716,670 716,670 716,670 xbrli:pure xbrli:shares iso4217:GBP 00757949 2022-04-01 2023-03-31 00757949 2023-03-31 00757949 2022-03-31 00757949 2021-04-01 2022-03-31 00757949 2022-03-31 00757949 2021-03-31 00757949 core:FurnitureFittings 2022-04-01 2023-03-31 00757949 bus:Director3 2022-04-01 2023-03-31 00757949 core:FurnitureFittings 2022-03-31 00757949 core:FurnitureFittings 2023-03-31 00757949 core:WithinOneYear 2023-03-31 00757949 core:WithinOneYear 2022-03-31 00757949 core:ShareCapital 2023-03-31 00757949 core:ShareCapital 2022-03-31 00757949 core:RevaluationReserve 2023-03-31 00757949 core:RevaluationReserve 2022-03-31 00757949 core:RetainedEarningsAccumulatedLosses 2023-03-31 00757949 core:RetainedEarningsAccumulatedLosses 2022-03-31 00757949 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 00757949 core:Non-currentFinancialInstruments 2023-03-31 00757949 core:Non-currentFinancialInstruments 2022-03-31 00757949 core:FurnitureFittings 2022-03-31 00757949 bus:SmallEntities 2022-04-01 2023-03-31 00757949 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00757949 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 00757949 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00757949 bus:FullAccounts 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 00757949

ATRA INVESTMENTS LIMITED

Filleted Unaudited Financial Statements

31 March 2023

ATRA INVESTMENTS LIMITED

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5	18	24
Investment property	6	716,670	716,670
		---------	---------
		716,688	716,694

Current assets

Cash at bank and in hand	99,923		58,972

Creditors: amounts falling due within one year	7	275,542		297,143
		---------		---------
Net current liabilities			175,619	238,171
			---------	---------
Total assets less current liabilities			541,069	478,523

Provisions

Taxation including deferred tax	75,000	75,000
	---------	---------
Net assets	466,069	403,523
	---------	---------

Capital and reserves

Called up share capital		400	400
Fair value reserve	9	418,073	418,073
Profit and loss account	9	47,596	( 14,950)
		---------	---------
Shareholders funds		466,069	403,523
		---------	---------

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 income and retained earnings has not been delivered.

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.

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 .

ATRA INVESTMENTS LIMITED

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 1 December 2023 , and are signed on behalf of the board by:

Mr D Fluss

Director

Company registration number: 00757949

ATRA INVESTMENTS LIMITED

Notes to the Financial Statements

Year ended 31 March 2023

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

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	25% reducing balance

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2022 and 31 March 2023	8,321	8,321
	-------	-------
Depreciation
At 1 April 2022	8,297	8,297
Charge for the year	6	6
	-------	-------
At 31 March 2023	8,303	8,303
	-------	-------
Carrying amount
At 31 March 2023	18	18
	-------	-------
At 31 March 2022	24	24
	-------	-------

6. Investment property

	Freehold investment property
	£
Cost
At 1 April 2022 and 31 March 2023	716,670
	---------
Impairment
At 1 April 2022 and 31 March 2023	–
	---------

Carrying amount
At 31 March 2023	716,670
	---------
At 31 March 2022	716,670
	---------

The investment property has been revalued by the directors on an open market value for existing use basis as at 31 March 2017.

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	37,264	46,858
Social security and other taxes	–	3,512
Amounts owed to related undertakings	216,403	211,402
Other creditors	21,875	35,371
	---------	---------
	275,542	297,143
	---------	---------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2023	2022
	£	£
Included in provisions	75,000	75,000
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2023	2022
	£	£
Fair value adjustment of financial assets	75,000	75,000
	--------	--------

9. 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.