Athena (Leicester) Limited Filleted accounts for Companies House (small and micro)
Athena (Leicester) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07486565
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Statement of Financial Position |
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2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
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Tangible assets |
4 |
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Current assets
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Debtors |
5 |
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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 |
6 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Provisions
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Taxation including deferred tax |
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Net assets |
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Capital and reserves
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholder funds |
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Directors' responsibilities:
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The member has 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
26 March 2024
, and are signed on behalf of the board by:
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Director |
Company registration number:
07486565
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Notes to the Financial Statements |
Year ended 30 June 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 The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
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Fixtures & fittings |
- |
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Motor vehicles |
- |
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Investment property
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
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Investment property |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 July 2022 and 30 June 2023 |
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Depreciation |
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At 1 July 2022 |
– |
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Charge for the year |
– |
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At 30 June 2023 |
– |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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It is the opinion of the director that the investment properties are valued at fair value.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
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Investment Property |
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£ |
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At 30 June 2023 |
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Aggregate cost |
619,976 |
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Aggregate depreciation |
– |
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Carrying value |
619,976 |
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At 30 June 2022 |
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Aggregate cost |
619,976 |
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Aggregate depreciation |
– |
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Carrying value |
619,976 |
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5.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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– |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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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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Included within creditors due within 1 year is a secured debt of £64,416 (2021: £64,416) related to bank loans.
7.
Creditors:
amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Included within creditors due after 1 year is a secured debt of £351,787 (2021: £416,317) related to bank loans.
8.
Related party transactions
The company's holding company is Bortell Holdings Limited. The registered office of this company is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.