Atane Limited Filleted accounts for Companies House (small and micro)
Atane Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI034947
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Investments |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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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 |
8 |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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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
28 July 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
NI034947
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Notes to the Financial Statements |
Year ended 31 October 2020
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 61 Malone Road, Belfast, BT9 6SA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Coronavirus
During the year, the Coronavirus pandemic continued creating health, social, employment and financial problems on a scale not experienced before. The impact of the virus cannot be quantified at the date of approval of the accounts, but these may be significant across a range of issues as outlined.
5.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 November 2019 and 31 October 2020 |
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Impairment |
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At 1 November 2019 and 31 October 2020 |
– |
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Carrying amount |
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At 31 October 2020 |
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At 31 October 2019 |
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6.
Debtors
2020 |
2019 |
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£ |
£ |
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Other debtors |
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------- |
------- |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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The bank loan is secured against the property held by the company.
9.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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2019 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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