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Company Registration No. 12313132 (England and Wales)
ATLAS ELEVEN LIMITED Unaudited Financial Statement for the year ended 30 November 2023
ATLAS ELEVEN LIMITED Unaudited Financial Statement Contents
Page
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ATLAS ELEVEN LIMITED Company Information for the year ended 30 November 2023
Directors
A F B Ridzuan R B Ahmad Farid
Company Number
12313132 (England and Wales)
Registered Office
Unit 1 Monks Pond Street Northampton NN1 2LF United Kingdom
Accountants
Adelita Shah Chartered Accountants 1 Monks Pond Street Northampton NN1 2LF
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ATLAS ELEVEN LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
195,688 
179,688 
Current assets
Debtors
539 
7,760 
Cash at bank and in hand
40,358 
31,201 
40,897 
38,961 
Creditors: amounts falling due within one year
(224,159)
(208,425)
Net current liabilities
(183,262)
(169,464)
Net assets
12,426 
10,224 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,326 
10,124 
Shareholders' funds
12,426 
10,224 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
R B Ahmad Farid Director Company Registration No. 12313132
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ATLAS ELEVEN LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
ATLAS ELEVEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12313132. The registered office is Unit 1, Monks Pond Street, Northampton, NN1 2LF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern - Covid 19
The total current assets exceed total current liabilities at year end. It is on this basis that the accounts have been prepared on a going concern basis. The director remains confident that the turnover will increase in the coming months.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
179,688 
Additions
16,000 
At 30 November 2023
195,688 
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ATLAS ELEVEN LIMITED Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,490 
Accrued income and prepayments
269 
- 
Other debtors
270 
270 
539 
7,760 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
346 
7,625 
Taxes and social security
516 
2,375 
Loans from directors
221,669 
196,925 
Accruals
1,628 
1,500 
224,159 
208,425 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A F B Ridzuan
Director Loan Account
196,925 
24,744 
- 
221,669 
196,925 
24,744 
- 
221,669 
Balance of £221,669 is still owing to the Director at the year end. It will be interest free.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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