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REGISTERED NUMBER: 12828023 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ATOMUS COMMERCIAL ESTATES LTD

ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATOMUS COMMERCIAL ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Mormen
C Mormen





REGISTERED OFFICE: 104 West Street
Farnham
Surrey
GU9 7ET





REGISTERED NUMBER: 12828023 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313 417
Investment property 5 1,520,273 1,511,036
1,520,586 1,511,453

CURRENT ASSETS
Debtors 6 100,381 100,431
Cash at bank 42,655 14,902
143,036 115,333
CREDITORS
Amounts falling due within one year 7 1,297,181 1,292,104
NET CURRENT LIABILITIES (1,154,145 ) (1,176,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,441

334,682

PROVISIONS FOR LIABILITIES 59,507 59,533
NET ASSETS 306,934 275,149

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 253,355 253,355
Retained earnings 53,577 21,792
SHAREHOLDERS' FUNDS 306,934 275,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)

BALANCE SHEET - continued
31 MARCH 2024


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 21 October 2024 and were signed on its behalf by:





S Mormen - Director


ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Atomus Commercial Estates 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. 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 reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 742
DEPRECIATION
At 1 April 2023 325
Charge for year 104
At 31 March 2024 429
NET BOOK VALUE
At 31 March 2024 313
At 31 March 2023 417

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,511,036
Additions 9,237
At 31 March 2024 1,520,273
NET BOOK VALUE
At 31 March 2024 1,520,273
At 31 March 2023 1,511,036

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 312,784
Cost 1,207,489
1,520,273

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

31.3.24 31.3.23
£    £   
Cost 1,207,489 1,198,252

Investment property was valued on an fair value basis basis on 31 March 2024 by Simon Mormen .

ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 459 -
Amounts owed by associates 14,494 15,789
Other debtors 85,428 84,642
100,381 100,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,389 2,159
Amounts owed to associates 1,280,525 1,278,903
Taxation and social security 12,156 6,740
Other creditors 2,111 4,302
1,297,181 1,292,104

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 253,355

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S Mormen
Balance outstanding at start of year 61,332 60,129
Amounts advanced 1,380 1,203
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,712 61,332

At the end of the financial year the Director's loan account was overdrawn. Interest has been charged on the overdrawn balance at the rates prescribed by HMRC. The interest received by the company is included within other income and amounted to £1,380 (2023: £1,203). S455 tax has been accounted for on the overdrawn loan balance.

10. RELATED PARTY DISCLOSURES

Amounts owed to associates were £1,280,525 (2023: £1,278,903 ) owed to Atomus Ltd, and £14,494 (2023: 15,789) owed by Atomus Properties Ltd. The director's S Mormen, and C Mormen are shareholders and control both companies. There are no specific terms attached to the loans.

During the financial year rental income of £54,106 (2023: £53,856), rates of £15,132 (2023: £13,122) and insurance of £259 were received from Atomus Ltd. Additionally, rental income of £4,998 (2023: £609), rates of £2,745 (2023: £686) and insurance of £130 were received from Atomus Properties Ltd. All of these transactions were at the market rate.

ATOMUS COMMERCIAL ESTATES LTD (REGISTERED NUMBER: 12828023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Mormen.