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REGISTERED NUMBER: 03528147 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ATLAS BUSINESS PARK LIMITED

ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLAS BUSINESS PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D N Kowitz





SECRETARY: Miss H Hampson





REGISTERED OFFICE: Atlas Business Park
Rye Harbour Road
Rye
East Sussex
TN31 7TE





REGISTERED NUMBER: 03528147 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,393,893 4,355,040

CURRENT ASSETS
Debtors 5 3,376,271 3,268,095
Cash at bank and in hand 129,328 118,901
3,505,599 3,386,996
CREDITORS
Amounts falling due within one year 6 299,973 397,407
NET CURRENT ASSETS 3,205,626 2,989,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,599,519

7,344,629

CREDITORS
Amounts falling due after more than one year 7 (1,823,230 ) (1,901,655 )

PROVISIONS FOR LIABILITIES 9 (326,525 ) (328,108 )
NET ASSETS 5,449,764 5,114,866

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 1,341,774 1,341,774
Retained earnings 4,107,890 3,772,992
5,449,764 5,114,866

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

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

The director acknowledges his 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.

ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 11 September 2024 and were signed by:





D N Kowitz - Director


ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

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


1. STATUTORY INFORMATION

Atlas Business Park 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 4,277,774 905,116 5,182,890
Additions 47,599 30,979 78,578
At 31 December 2023 4,325,373 936,095 5,261,468
DEPRECIATION
At 1 January 2023 - 827,850 827,850
Charge for year - 39,725 39,725
At 31 December 2023 - 867,575 867,575
NET BOOK VALUE
At 31 December 2023 4,325,373 68,520 4,393,893
At 31 December 2022 4,277,774 77,266 4,355,040

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 1,656,511 - 1,656,511
Cost 2,668,862 936,095 3,604,957
4,325,373 936,095 5,261,468

The valuation of the company's properties at 12 February 2020 was completed by Savills, Chartered Surveyors, on an open market basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 166,984 147,648
Amounts owed by group undertakings 3,122,441 2,988,146
Other debtors 86,846 132,301
3,376,271 3,268,095

ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 103,319 128,012
Hire purchase contracts 1,102 12,659
Trade creditors 15,181 33,606
Taxation and social security 26,417 42,152
Other creditors 153,954 180,978
299,973 397,407

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 1,823,230 1,900,553
Hire purchase contracts - 1,102
1,823,230 1,901,655

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 1,926,549 2,028,565

The bank loan is secured over the freehold property owned by the company.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 326,525 328,108

Deferred
tax
£   
Balance at 1 January 2023 328,108
Provided during year (1,583 )
Balance at 31 December 2023 326,525

ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147)

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


10. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 1,341,774

11. ULTIMATE CONTROLLING PARTY

The controlling party is KPDC Limited.

The ultimate controlling party is D N Kowitz.