Atlantica Estates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03459363 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2015

FOR

ATLANTICA ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T M Krell

SECRETARY:

T M Krell

REGISTERED OFFICE:

Griffin Court

201 Chapel Street

Salford

Greater Manchester

M3 5EQ

REGISTERED NUMBER:

03459363 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

Griffin Court

201 Chapel Street

Manchester

M3 5EQ

FIXED ASSETS

Tangible assets

2

67

95

Investments

3

6

6

73

101

CURRENT ASSETS

Stocks

534,139

534,139

Debtors

209,193

142,974

Cash at bank and in hand

4,699

1,694

748,031

678,807

CREDITORS

Amounts falling due within one year

4

852,346

850,549

NET CURRENT LIABILITIES

(104,315

)

(171,742

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(104,242

)

(171,641

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(104,342

)

(171,741

)

SHAREHOLDERS' FUNDS

(104,242

)

(171,641

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26th January 2016 and were signed by:

T M Krell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Atlantica Estates Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Going concern

The financial statements have been prepared on a going concern basis due to the continued support of the

company's bankers and director. Should the company be unable to continue trading, adjustments would have

to be made to reduce the value of the assets to their recoverable amount.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

and 30th April 2015

2,251

DEPRECIATION

At 1st May 2014

2,156

Charge for year

28

At 30th April 2015

2,184

NET BOOK VALUE

At 30th April 2015

67

At 30th April 2014

95

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st May 2014

and 30th April 2015

6

NET BOOK VALUE

At 30th April 2015

6

At 30th April 2014

6

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Atlantica Estates Development Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.4.15

30.4.14

£

£

Aggregate capital and reserves

(143,792

)

(143,792

)

Greengrass Developments Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.4.15

30.4.14

£

£

Aggregate capital and reserves

(178,355

)

(178,355

)

Nowmodern Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.4.15

30.4.14

£

£

Aggregate capital and reserves

2

2

Atlantica Estates Southwest Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.4.15

30.4.14

£

£

Aggregate capital and reserves

1

1

4.

CREDITORS

Creditors include an amount of £ 306,000 (30.4.14 - £ 306,001 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has given a personal guarantee to the bank to the extent of £360,000 (2014: £360,000).