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REGISTERED NUMBER: 01531429 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023

FOR

ATOMLYNN LIMITED

ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


ATOMLYNN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M Chappell
Mrs Y S Clifton





REGISTERED OFFICE: Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF





REGISTERED NUMBER: 01531429 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ATOMLYNN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atomlynn Limited for the year ended 31 July 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Atomlynn Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Atomlynn Limited and state those matters that we have agreed to state to the Board of Directors of Atomlynn Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Atomlynn Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Atomlynn Limited. You consider that Atomlynn Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Atomlynn Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


24 November 2023

ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10 724,468
Investment property 5 1,000,000 1,160,730
1,000,010 1,885,198

CURRENT ASSETS
Debtors 6 25,549 68,953
Cash at bank 859,003 214,458
884,552 283,411
CREDITORS
Amounts falling due within one year 7 25,060 59,941
NET CURRENT ASSETS 859,492 223,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,859,502

2,108,668

PROVISIONS FOR LIABILITIES 151,000 181,000
NET ASSETS 1,708,502 1,927,668

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 642,169 769,621
Retained earnings 8 1,066,233 1,157,947
1,708,502 1,927,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





M Chappell - Director


ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Atomlynn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Atomlynn Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the receipt of ground rents and lease extensions.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are recognised in profit or loss.

Investment property
Investment property is carried at fair value determined by the directors and every five years by an independent firm of Chartered Surveyors on an open market basis. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 10 724,458 724,468
Additions - 108,502 108,502
Disposals - (832,960 ) (832,960 )
At 31 July 2023 10 - 10
NET BOOK VALUE
At 31 July 2023 10 - 10
At 31 July 2022 10 724,458 724,468

Cost or valuation at 31 July 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2017 10 87,363 87,373
Valuation in 2018 - 245,354 245,354
Valuation in 2019 - 3,384 3,384
Valuation in 2020 - (27,734 ) (27,734 )
Valuation in 2021 - 68,296 68,296
Valuation in 2022 - (72,584 ) (72,584 )
Valuation in 2023 - (304,079 ) (304,079 )
10 - 10

ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. FIXED ASSET INVESTMENTS - continued

The company owns 100% of H Woodman Ltd, a dormant company.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,160,730
Disposals (46,311 )
Revaluations (114,419 )
At 31 July 2023 1,000,000
NET BOOK VALUE
At 31 July 2023 1,000,000
At 31 July 2022 1,160,730

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 1,036,207
Valuation in 2018 615,831
Valuation in 2019 (279,695 )
Valuation in 2020 (48,312 )
Valuation in 2021 (105,787 )
Valuation in 2022 (57,514 )
Valuation in 2023 (160,730 )
1,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 206,842 206,942

The investment property was valued by the directors on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 25,549 68,953

ATOMLYNN LIMITED (REGISTERED NUMBER: 01531429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security (1,932 ) 23,744
Other creditors 26,992 36,197
25,060 59,941

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2022 1,157,947 769,621 1,927,568
Deficit for the year (115,888 ) - (115,888 )
Dividends (100,000 ) - (100,000 )
Gain (loss) on revaluation 154,174 (157,452 ) (3,278 )
Deferred tax on revaluation (30,000 ) 30,000 -
At 31 July 2023 1,066,233 642,169 1,708,402

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Mannin Investments Limited, a company incorporated in England.