REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
28 April 2023 to 26 April 2024 |
for |
ATLAS MIDLANDS HOLDINGS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
28 April 2023 to 26 April 2024 |
for |
ATLAS MIDLANDS HOLDINGS LIMITED |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Contents of the Financial Statements |
for the Period 28 April 2023 to 26 April 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ATLAS MIDLANDS HOLDINGS LIMITED |
Company Information |
for the Period 28 April 2023 to 26 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Tax Advisors |
573 Chester Road |
Sutton Coldfield |
West Midlands |
B73 5HU |
BANKERS: |
21 Birmingham Road |
Sutton Coldfield |
West Midlands |
B72 1PW |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Statement of Financial Position |
26 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Statement of Financial Position - continued |
26 April 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Notes to the Financial Statements |
for the Period 28 April 2023 to 26 April 2024 |
1. | STATUTORY INFORMATION |
Atlas Midlands Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents received, exclusive of value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and |
leasehold | fittings | Totals |
£ | £ | £ |
COST |
At 28 April 2023 |
and 26 April 2024 |
DEPRECIATION |
At 28 April 2023 |
Charge for period |
At 26 April 2024 |
NET BOOK VALUE |
At 26 April 2024 |
At 27 April 2023 |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Notes to the Financial Statements - continued |
for the Period 28 April 2023 to 26 April 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 28 April 2023 |
and 26 April 2024 |
NET BOOK VALUE |
At 26 April 2024 |
At 27 April 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 28 April 2023 |
Revaluations | 67,459 |
At 26 April 2024 |
NET BOOK VALUE |
At 26 April 2024 |
At 27 April 2023 |
Fair value at 26 April 2024 is represented by: |
£ |
Valuation in 2016 | 23,427 |
Valuation in 2018 | 130,619 |
Valuation in 2019 | 320,000 |
Valuation in 2020 | 120,000 |
Valuation in 2021 | 70,000 |
Valuation in 2024 | 67,459 |
Cost | 705,533 |
1,437,038 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 705,533 | 705,533 |
Investment properties were valued on an open market basis on 26 April 2024 by the directors . |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Notes to the Financial Statements - continued |
for the Period 28 April 2023 to 26 April 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 3,007 | 24,496 |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 489,287 | 495,075 |
10. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax |
Revaluation in Profit & loss | 170,907 | 117,071 |
Deferred |
tax |
£ |
Balance at 28 April 2023 |
Charge for the year | 53,836 |
Balance at 26 April 2024 |
ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191) |
Notes to the Financial Statements - continued |
for the Period 28 April 2023 to 26 April 2024 |
11. | RESERVES |
Fair |
value |
reserve |
£ |
At 28 April 2023 |
Reserve transfer | (53,835 | ) |
Revaluation | 67,459 |
At 26 April 2024 |