Atlantic Emirates (UK) Ltd - Accounts

Atlantic Emirates (UK) Ltd - Accounts

ATLANTIC EMIRATES (UK) LTD - Company Information

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Registered Number: 06904777
England and Wales

 

 

 

ATLANTIC EMIRATES (UK) LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

Atlantic Emirates (UK) Ltd
Contents Page
For the year ended 31 May 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 579,600    0 
579,600    0 
Current assets      
Debtors 303    0 
Cash at bank and in hand 33,031    23,495 
33,334    23,495 
Creditors: amount falling due within one year (595,729)   (24,461)
Net current liabilities (562,395)   (966)
 
Total assets less current liabilities 17,205    (966)
Net assets 17,205    (966)
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account 16,205    (1,966)
Shareholder's funds 17,205    (966)
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 December 2023 and were signed by:


-------------------------------
Javeed Akhtar
Director
1
General Information
Atlantic Emirates (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06904777, registration address 46 Hollybush Hill, London, E11 1PS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties 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.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 June 2022 -    - 
Additions 579,600    579,600 
Disposals -    - 
At 31 May 2023 579,600    579,600 
Depreciation
At 01 June 2022 -    - 
Charge for year -    - 
On disposals -    - 
At 31 May 2023 -    - 
Net book values
Closing balance as at 31 May 2023 579,600    579,600 
Opening balance as at 01 June 2022 -    - 


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