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REGISTERED NUMBER: 15278149 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

13TH NOVEMBER 2023 TO 30TH NOVEMBER 2024

FOR

ATLAS PROP 1 LTD

ATLAS PROP 1 LTD (REGISTERED NUMBER: 15278149)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13TH NOVEMBER 2023 TO 30TH NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ATLAS PROP 1 LTD

COMPANY INFORMATION
FOR THE PERIOD 13TH NOVEMBER 2023 TO 30TH NOVEMBER 2024







DIRECTOR: C L Panayi





SECRETARY:





REGISTERED OFFICE: 3 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 15278149 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

ATLAS PROP 1 LTD (REGISTERED NUMBER: 15278149)

BALANCE SHEET
30TH NOVEMBER 2024

Notes £    £   
FIXED ASSETS
Investments 4 53
Investment property 5 133,500
133,553

CURRENT ASSETS
Debtors 6 94,070
Cash at bank 2,298
96,368
CREDITORS
Amounts falling due within one year 7 41,391
NET CURRENT ASSETS 54,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,530

CREDITORS
Amounts falling due after more than one
year

8

187,254
NET ASSETS 1,276

ATLAS PROP 1 LTD (REGISTERED NUMBER: 15278149)

BALANCE SHEET - continued
30TH NOVEMBER 2024

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 1,275
1,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2024 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.

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 8th August 2025 and were signed by:





C L Panayi - Director


ATLAS PROP 1 LTD (REGISTERED NUMBER: 15278149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13TH NOVEMBER 2023 TO 30TH NOVEMBER 2024


1. STATUTORY INFORMATION

Atlas Prop 1 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.

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

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.

Taxation
Taxation for the period 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 period 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.

ATLAS PROP 1 LTD (REGISTERED NUMBER: 15278149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13TH NOVEMBER 2023 TO 30TH NOVEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 53
At 30th November 2024 53
NET BOOK VALUE
At 30th November 2024 53

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 133,500
At 30th November 2024 133,500
NET BOOK VALUE
At 30th November 2024 133,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 94,070

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 21,816
Taxation and social security 299
Other creditors 19,276
41,391

ATLAS PROP 1 LTD (REGISTERED NUMBER: 15278149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13TH NOVEMBER 2023 TO 30TH NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 187,254

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ATLAS PROP 1 LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atlas Prop 1 Ltd for the period ended 30th November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Atlas Prop 1 Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Atlas Prop 1 Ltd and state those matters that we have agreed to state to the director of Atlas Prop 1 Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atlas Prop 1 Ltd and its director for our work or for this report.

It is your duty to ensure that Atlas Prop 1 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Atlas Prop 1 Ltd. You consider that Atlas Prop 1 Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Atlas Prop 1 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA


Date: .............................................