REGISTERED NUMBER: 11416883 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ATLAS INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

R Farnum

REGISTERED OFFICE:

14a Airfield Road

Christchurch

Dorset

BH23 3TG

REGISTERED NUMBER:

11416883 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

1,011,200

1,025,000

CURRENT ASSETS

Debtors

5

30,754

1,760

Cash at bank and in hand

12,050

25,076

42,804

26,836

CREDITORS

Amounts falling due within one year

6

65,337

55,420

NET CURRENT LIABILITIES

(22,533

)

(28,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

988,667

996,416

CREDITORS

Amounts falling due after more than one year

7

(392,809

)

(414,220

)

PROVISIONS FOR LIABILITIES

(106,562

)

(106,562

)

NET ASSETS

489,296

475,634

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

10

314,069

319,686

Retained earnings

10

175,127

155,848

489,296

475,634

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 16 September 2025 and were signed by:

R Farnum - Director

1.	STATUTORY INFORMATION

Atlas Investments 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.

Freehold property

-

2% on buildings and nil on land

Fixed assets are initially recognised at cost.

Freehold property is included 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

1,040,033

DEPRECIATION

At 1 January 2024

15,033

Charge for year

13,800

At 31 December 2024

28,833

NET BOOK VALUE

At 31 December 2024

1,011,200

At 31 December 2023

1,025,000

Included in cost or valuation of land and buildings is freehold land of £ 350,000 (2023 - £ 350,000 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Freehold

property

£

Valuation in 2023

426,248

Cost

613,785

1,040,033

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

613,785

613,785

Freehold land and buildings were valued on an open market basis on 31 December 2024 by the directors .

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

22,994

1,760

Amounts falling due after more than one year:

Other debtors

7,760

-

Aggregate amounts

30,754

1,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

19,298

19,515

Amounts owed to group undertakings

19,265

-

Taxation and social security

7,760

-

Other creditors

19,014

35,905

65,337

55,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

392,809

414,220

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

295,089

324,974

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

19,298

19,515

Amounts falling due between one and two years:

Bank loans - 1-2 years

22,199

20,806

Amounts falling due between two and five years:

Bank loans - 2-5 years

75,521

68,440

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

295,089

324,974

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

412,107

433,735

The bank loan is secured by way of a fixed charge over the freehold property.

10.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2024

155,848

319,686

475,534

Profit for the year

13,662

13,662

Transfer on reserves

5,617

(5,617

)

-

At 31 December 2024

175,127

314,069

489,196

The other reserve is in respect of the revaluation of the freehold property and is non distributable.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

R Farnum

Balance outstanding at start of year

-

-

Amounts advanced

11,200

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,200

-

The above loan is non interest bearing and repayable on demand.

12.	RELATED PARTY DISCLOSURES

TRANSACTIONS WITH ASSOCIATES OF THE DIRECTOR

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from associates of the director at the balance sheet date amounted to £11,794 (2023 - £1,760).

13.	ULTIMATE PARENT COMPANY

In the opinion of the director, the company's ultimate parent company throughout the current and previous period was Atlas Contract Furniture Holdings Limited (Registered in England & Wales company number 06995494).

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 Investments Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Atlas Investments Ltd and state those matters that we have agreed to state to the director of Atlas Investments 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 Investments Ltd and its director for our work or for this report.

It is your duty to ensure that Atlas Investments 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 Investments Ltd. You consider that Atlas Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Atlas Investments 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.

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

16 September 2025