Accounts filed on 30-09-2016

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			Company registration number:05933595
		ATLANTICO PROPERTY SERVICES LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 September 2016

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ATLANTICO PROPERTY SERVICES LIMITED
BALANCE SHEET
AS AT 30 September 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Investments					188,849				188,849
					188,849				188,849
CURRENT ASSETS
Debtors			100				100
Cash at bank and in hand			18,664				16,333
			18,764				16,433
CREDITORS
Amounts falling due within one year			(66,026)				(65,998)
NET CURRENT ASSETS					(47,262)				(49,565)
TOTAL ASSETS LESS
CURRENT LIABILITIES					141,587				139,284
Creditors falling due after one year					(142,370)				(142,370)
NET ASSETS					(783)				(3,086)
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					(883)				(3,186)
SHAREHOLDERS FUNDS					(783)				(3,086)
For the year ending 30 September 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
J R Dawson
3 February 2017
The annexed notes form part of these financial statements.

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ATLANTICO PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents rental income receivable in the period.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Investments

Investment properties are included in the balance sheet at their open market value, and are not depreciated. Although this accounting policy is in accordance with SSAP 19 'Accounting for Investment Properties', it is a departure from the general requirements of the Companies Act 2006 for all fixed assets with a finite life to be depreciated. In the opinion of the directors compliance with the accounting standard is necessary for the financial statements to give a true and fair view because the properties are held for investment rather than consumption, and therefore systematic annual depreciation would not be appropriate. Surpluses and temporary deficits arising on valuations are taken to revaluation reserve, whilst permanent diminutions in value are taken to the profit and loss account.

2.	Debtors
	Included within other debtors is a loan of £100 (2015 £100) to J R Dawson, the director. The maximum amount outstanding during the year was £100.

3.

Creditors

Of the creditors due after more than one year £ 142,370 (2015 £142,370) is secured.

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Ultimate controlling party
	The company is under the control of J R Dawson, the director.