REGISTERED NUMBER: 03528147 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ATLAS BUSINESS PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D N Kowitz

SECRETARY:

Miss H Hampson

REGISTERED OFFICE:

Atlas Business Park

Rye Harbour Road

Rye

East Sussex

TN31 7TE

REGISTERED NUMBER:

03528147 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

4,534,413

4,393,893

CURRENT ASSETS

Debtors

5

3,469,880

3,376,271

Cash at bank and in hand

61,431

129,328

3,531,311

3,505,599

CREDITORS

Amounts falling due within one year

6

2,008,859

299,973

NET CURRENT ASSETS

1,522,452

3,205,626

TOTAL ASSETS LESS CURRENT LIABILITIES

6,056,865

7,599,519

CREDITORS

Amounts falling due after more than one year

7

-

(1,823,230

)

PROVISIONS FOR LIABILITIES

9

(329,064

)

(326,525

)

NET ASSETS

5,727,801

5,449,764

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

1,341,774

1,341,774

Retained earnings

4,385,927

4,107,890

5,727,801

5,449,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2025 and were signed by:

D N Kowitz - Director

1.	STATUTORY INFORMATION

Atlas Business Park 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 cost and 25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

4,325,373

936,095

5,261,468

Additions

127,548

57,505

185,053

At 31 December 2024

4,452,921

993,600

5,446,521

DEPRECIATION

At 1 January 2024

-

867,575

867,575

Charge for year

-

44,533

44,533

At 31 December 2024

-

912,108

912,108

NET BOOK VALUE

At 31 December 2024

4,452,921

81,492

4,534,413

At 31 December 2023

4,325,373

68,520

4,393,893

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2019

1,656,511

-

1,656,511

Cost

2,796,410

993,600

3,790,010

4,452,921

993,600

5,446,521

The valuation of the company's properties at 12 February 2020 was completed by Savills, Chartered Surveyors, on an open market basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

204,925

166,984

Amounts owed by group undertakings

3,192,118

3,122,441

Other debtors

72,837

86,846

3,469,880

3,376,271

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

1,823,524

103,319

Hire purchase contracts

-

1,102

Trade creditors

20,575

15,181

Taxation and social security

3,894

26,417

Other creditors

160,866

153,954

2,008,859

299,973

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

1,823,230

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,823,524

1,926,549

The bank loan is secured over the freehold property owned by the company.

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

329,064

326,525

Deferred

tax

£

Balance at 1 January 2024

326,525

Provided during year

2,539

Balance at 31 December 2024

329,064

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

1,341,774

11.	ULTIMATE CONTROLLING PARTY

The controlling party is KPDC Limited.

The ultimate controlling party is D N Kowitz.