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REGISTERED NUMBER: 09012191 (England and Wales)
























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: C Hamit
A Hamit



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
B73 5HU



REGISTERED NUMBER: 09012191 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Barclays Bank PLC
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 43,520 46,172
Investments 5 50 50
Investment property 6 1,437,038 1,369,579
1,480,608 1,415,801

CURRENT ASSETS
Debtors 7 1,374,870 1,259,565
Cash at bank 1,544 247,233
1,376,414 1,506,798
CREDITORS
Amounts falling due within one year 8 1,210,434 1,246,847
NET CURRENT ASSETS 165,980 259,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,646,588

1,675,752

CREDITORS
Amounts falling due after more than one
year

9

(696,969

)

(702,757

)

PROVISIONS FOR LIABILITIES 10 (170,907 ) (117,071 )
NET ASSETS 778,712 855,924

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 577,459 563,835
Retained earnings 200,253 291,089
SHAREHOLDERS' FUNDS 778,712 855,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 April 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.

ATLAS MIDLANDS HOLDINGS LIMITED (REGISTERED NUMBER: 09012191)

Statement of Financial Position - continued
26 April 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 31 March 2025 and were signed on its behalf by:





C Hamit - Director


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 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 represents rents received, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 28 April 2023
and 26 April 2024 28,496 35,697 64,193
DEPRECIATION
At 28 April 2023 - 18,021 18,021
Charge for period - 2,652 2,652
At 26 April 2024 - 20,673 20,673
NET BOOK VALUE
At 26 April 2024 28,496 15,024 43,520
At 27 April 2023 28,496 17,676 46,172

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 50
NET BOOK VALUE
At 26 April 2024 50
At 27 April 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 April 2023 1,369,579
Revaluations 67,459
At 26 April 2024 1,437,038
NET BOOK VALUE
At 26 April 2024 1,437,038
At 27 April 2023 1,369,579

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 1,314,162 1,208,818
Prepayments and accrued income 60,708 50,747
1,374,870 1,259,565

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,137 32,487
Trade creditors 2,133 2,030
Tax 25,644 30,018
Social security and other taxes 1,863 710
Other creditors 1,114,689 1,149,877
Directors' current accounts 3,007 24,496
Accruals and deferred income 29,961 7,229
1,210,434 1,246,847

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 68,222 68,222
Bank loans - 2-5 years 139,460 139,460
Bank loans more 5 yr by instal 489,287 495,075
696,969 702,757

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 117,071
Charge for the year 53,836
Balance at 26 April 2024 170,907

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 563,835
Reserve transfer (53,835 )
Revaluation 67,459

At 26 April 2024 577,459