Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10826568 2022-01-01 2022-12-31 10826568 2021-01-01 2021-12-31 10826568 2022-12-31 10826568 2021-12-31 10826568 c:Director1 2022-01-01 2022-12-31 10826568 d:FreeholdInvestmentProperty 2022-01-01 2022-12-31 10826568 d:FreeholdInvestmentProperty 2022-12-31 10826568 d:FreeholdInvestmentProperty 2021-12-31 10826568 d:CurrentFinancialInstruments 2022-12-31 10826568 d:CurrentFinancialInstruments 2021-12-31 10826568 d:Non-currentFinancialInstruments 2022-12-31 10826568 d:Non-currentFinancialInstruments 2021-12-31 10826568 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10826568 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10826568 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10826568 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10826568 d:ShareCapital 2022-12-31 10826568 d:ShareCapital 2021-12-31 10826568 d:RetainedEarningsAccumulatedLosses 2022-12-31 10826568 d:RetainedEarningsAccumulatedLosses 2021-12-31 10826568 c:FRS102 2022-01-01 2022-12-31 10826568 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10826568 c:FullAccounts 2022-01-01 2022-12-31 10826568 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10826568 4 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10826568









ATLAS HIVE 2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ATLAS HIVE 2 LIMITED
REGISTERED NUMBER:10826568

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
  
1,123,361
1,040,332

  
1,123,361
1,040,332

Current assets
  

Debtors: amounts falling due within one year
 5 
225,712
231,424

Cash at bank and in hand
  
7,851
57,081

  
233,563
288,505

Creditors: amounts falling due within one year
 6 
(1,454,139)
(894,983)

Net current liabilities
  
 
 
(1,220,576)
 
 
(606,478)

Total assets less current liabilities
  
(97,215)
433,854

Creditors: amounts falling due after more than one year
 7 
-
(494,000)

  

Net liabilities
  
(97,215)
(60,146)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(97,315)
(60,246)

  
(97,215)
(60,146)


Page 1

 
ATLAS HIVE 2 LIMITED
REGISTERED NUMBER:10826568
    
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 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Atlas Hive 2 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, Clifton, Bristol, England, BS8 2AT and its registered number is 10826568.

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 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 accounts have been prepared on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

Page 3

 
ATLAS HIVE 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 2 (2021 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2022
1,040,332


Additions at cost
83,029



At 31 December 2022
1,123,361

The 2022 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
2021
£
£


Historic cost
1,123,361
1,040,332

1,123,361
1,040,332

Page 4

 
ATLAS HIVE 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
217,672
216,990

Other debtors
6,289
12,638

Prepayments and accrued income
1,751
1,796

225,712
231,424



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
531,285
58,505

Trade creditors
3,251
31,629

Amounts owed to group undertakings
137,671
30,516

Other creditors
769,782
769,163

Accruals and deferred income
12,150
5,170

1,454,139
894,983


At the balance sheet date, the company owed a director £769,782 (2021 - £769,163). This loan is interest free and repayable on demand, and has been included within other creditors.
 


7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
-
494,000


Bank loans of £nil (2021 - £494,000) are secured by way of a fixed charge over the company's investment property.


8.Other financial commitments

The company is bound by an agreement with the bank meaning they are jointly liable with four other
group companies for all debts and interest and the debts are jointly secured on the companies'
investment property.

 
Page 5