Atlantis Assets Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08143865 (England and Wales)

Atlantis Assets Limited

Unaudited Financial Statements

for the Period 1 April 2024 to 30 September 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D K Basi

REGISTERED OFFICE:

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

BUSINESS ADDRESS:

Clijon Farm

White Hill Road

Meopham

Kent

DA13 0NY

REGISTERED NUMBER:

08143865 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Investment property

4

3,425,000

CURRENT ASSETS

Debtors

5

2,115

3,340

Cash at bank

17,376

17,393

19,491

20,733

CREDITORS

Amounts falling due within one year

6

970,046

1,006,681

NET CURRENT LIABILITIES

(950,555

)

(985,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,474,445

2,439,052

CREDITORS

Amounts falling due after more than one
year

7

2,366,519

2,377,139

NET ASSETS

107,926

61,913

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

3,650

Retained earnings

104,176

58,163

SHAREHOLDERS' FUNDS

107,926

61,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 2 December 2025 and were signed by:

Mrs D K Basi - Director

1.	STATUTORY INFORMATION

Atlantis Assets 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.

Income recognition

Income represents rents receivable in the year.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 30 September 2025

3,425,000

NET BOOK VALUE

At 30 September 2025

3,425,000

At 31 March 2024

3,425,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

3,425,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

1,928

Other debtors

187

1,412

2,115

3,340

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,232

7,461

Amounts owed to group undertakings

947,057

987,057

Taxation and social security

13,758

10,380

Other creditors

1,999

1,783

970,046

1,006,681

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

2,366,519

2,377,139

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

2,340,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

2,340,000

Yorkshire Building Society Plc hold a fixed and floating charges over the property held by the company.

9.	ULTIMATE CONTROLLING PARTY

The parent undertaking is Basi Developments Limited registered at 5 London Road, Rainham, Gillingham, Kent ME8 7RG United Kingdom.

10.	FREQUENCY OF REPORTING

The company extended its accounting period end from 31 March 2025 to 30 September 2025 to make it co-terminus with that of its parent. As a result it is reporting on a period longer than one year, consequently the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.