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REGISTERED NUMBER: 13034694 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

FF UK Property Ltd

FF UK Property Ltd (Registered number: 13034694)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FF UK Property Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J C Kilcoyne
J F Smith





REGISTERED OFFICE: Wharfedale Road
Euroway Trading Estate
Bradford
BD4 6SL





REGISTERED NUMBER: 13034694 (England and Wales)





AUDITORS: CLA Evelyn Partners Limited
Chartered Accountants &
Statutory Auditors
3rd Floor
56 Wellington Street
Leeds
West Yorkshire
LS1 2EE

FF UK Property Ltd (Registered number: 13034694)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 108,724 88,979
Investment property 6 1,850,000 1,850,000
1,958,724 1,938,979

CURRENT ASSETS
Debtors 7 319,562 262,837
Cash at bank 138,424 171,638
457,986 434,475
CREDITORS
Amounts falling due within one year 8 64,864 99,328
NET CURRENT ASSETS 393,122 335,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,351,846

2,274,126

CREDITORS
Amounts falling due after more than one
year

9

(1,800,000

)

(1,800,000

)

PROVISIONS FOR LIABILITIES (87,500 ) (87,500 )
NET ASSETS 464,346 386,626

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 463,346 385,626
SHAREHOLDERS' FUNDS 464,346 386,626

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





J C Kilcoyne - Director


FF UK Property Ltd (Registered number: 13034694)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

FF UK Property Ltd 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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

Investment property
Investment property is shown at the value at year end. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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.

Creditors
Short term creditors are measured at transaction price.

Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at cost less impairment at the balance sheet date.

FF UK Property Ltd (Registered number: 13034694)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 108,724 88,979

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,850,000
NET BOOK VALUE
At 31 December 2023 1,850,000
At 31 December 2022 1,850,000

The director's have valued the investment property as at 31 December 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 294,987 262,837
Tax 24,575 -
319,562 262,837

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1 ) -
Amounts owed to group undertakings 32,400 32,400
Tax - 28,950
VAT 315 5,828
Other creditors 32,150 32,150
64,864 99,328

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,800,000 1,800,000

FF UK Property Ltd (Registered number: 13034694)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 January 2023 385,626
Profit for the year 77,720
At 31 December 2023 463,346

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sutton BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

The audit report was signed on 23 September 2024.

13. RELATED PARTY DISCLOSURES

In accordance with the exemption allowed by Section 1A of FRS 102, no disclosures are made of transactions with other wholly owned member companies of the Atlas Holding GmbH Group.

No further transactions with related parties took place as are required to be reported under Section 1A of FRS 102.

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company and controlling party is Atlas Holding GmbH (Company registration number HRB 215873), a company incorporated in Germany.

The consolidated financial statements of the parent company will be available at Stedinger Strasse 324, 27751 Delmenhorst, Neidersachsen, Germany.