Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3falsetrue32022-01-01 11703332 2022-01-01 2022-12-31 11703332 2021-01-01 2021-12-31 11703332 2022-12-31 11703332 2021-12-31 11703332 c:Director3 2022-01-01 2022-12-31 11703332 d:CurrentFinancialInstruments 2022-12-31 11703332 d:CurrentFinancialInstruments 2021-12-31 11703332 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11703332 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11703332 d:ShareCapital 2022-12-31 11703332 d:ShareCapital 2021-12-31 11703332 d:RetainedEarningsAccumulatedLosses 2022-12-31 11703332 d:RetainedEarningsAccumulatedLosses 2021-12-31 11703332 c:FRS102 2022-01-01 2022-12-31 11703332 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11703332 c:FullAccounts 2022-01-01 2022-12-31 11703332 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11703332 4 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11703332









ATLAS HIVE WESTON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ATLAS HIVE WESTON LIMITED
REGISTERED NUMBER:11703332

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

As restated
2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
1,862,883
1,373,784

Bank and cash balances
  
132,465
5,319

  
1,995,348
1,379,103

Creditors: amounts falling due within one year
 6 
(2,026,166)
(1,394,115)

Net current liabilities
  
 
 
(30,818)
 
 
(15,012)

  

Net liabilities
  
(30,818)
(15,012)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(30,918)
(15,112)

  
(30,818)
(15,012)


Page 1

 
ATLAS HIVE WESTON LIMITED
REGISTERED NUMBER:11703332
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J Chaytor
Director

Date: 25 October 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ATLAS HIVE WESTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Atlas Hive Weston Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Combe House 33 Oakfield Road, Bristol, England, BS8 2AT and its registered number is 11703332.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The statement of financial position is showing net liabilities of £30,818 (2021 - £15,012). The company is reliant on the support of fellow group companies and the directors which have given their assurance that they will continue to support the company for the forseeable future and therefore the financial statements have been prepared on a going concern basis.

 
2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

The company has entered into an agreement which grants them a call option to purchase land, on which they are planning to develop residential units, subject to certain contractual criteria being met.  Planning and development fees, legal and professional fees, deposit payments and other related costs are included within these financial statements as “other debtors” and will be reclassified as investment property once the call option is exercised.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
ATLAS HIVE WESTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4.


Exceptional items

Included within exceptional expenses is an amount of £nil (2021 - £14,370) relating to irrecoverable historic VAT which has been written off during the year.
Included within exceptional income is an amount of £nil
 (2021 - £22,965) relating to irrecoverable loan balances which have been written off during the year.


5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
100
100

Other debtors
1,846,384
1,356,809

Prepayments and accrued income
16,399
16,875

1,862,883
1,373,784


Included within other debtors is £1,835,568 (2021 - £1,326,733) relating to property development costs, which will be reclassified as investment property once a call option to purchase the land is exercised.

Page 4

 
ATLAS HIVE WESTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Bank overdrafts
-
20

Trade creditors
32,093
85,257

Amounts owed to group undertakings
1,973,231
1,255,946

Other creditors
20,842
52,892

2,026,166
1,394,115


At the balance sheet date, the company owed a director £3,133 (2021 - £2,514).  This loan is interest free and repayable on demand and included within other creditors.


7.


Prior year adjustment

During the year it was identified that exceptional expenses for the year ended 31 December 2020 were understated by £9,000, and other creditors at 31 December 2020 were understated by £9,000. An adjustment has been made to comparative numbers to correct the other creditor and profit and loss account position accordingly. Overall, net assets as at 31 December 2021 have decreased by £9,000.

 
Page 5