Atlas Hive Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Page 1

Page 2

Atlas Hive Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 10677717

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		151		151

			151		151
CURRENT ASSETS
Debtors	5	9,836,268		9,249,202
Cash at bank and in hand		3,329		2,954

		9,839,597		9,252,156
Creditors: Amounts Falling Due Within One Year	6	(5,962,097 )		(5,188,047 )

NET CURRENT ASSETS (LIABILITIES)			3,877,500		4,064,109

TOTAL ASSETS LESS CURRENT LIABILITIES			3,877,651		4,064,260

NET ASSETS			3,877,651		4,064,260

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			3,877,551		4,064,160

SHAREHOLDERS' FUNDS			3,877,651		4,064,260

Page 2

Page 3

Atlas Hive Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 19 December 2025 and were signed on its behalf by:

Mr A J Chaytor

Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

Atlas Hive Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Atlas Hive Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10677717 .

The address of its registered office is 9a Burroughs Gardens, London, NW4 4AU .

The principal place of business is Combe House, 33 Oakfield Road, Clifton, Bristol, BS8 2AT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

The financial statements have been prepared under the historical cost convention (except that as disclosed in the accounting policies certain items are shown at fair value) and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

2.2. Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

2.3. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.4. Taxation

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 4

Page 5

Atlas Hive Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2.6. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. Average Number of Employees

The average number of persons employed by the company, including directors, during the year was: 3 (2023: 3)

4. Investments

	Associates
	£
Cost
As at 1 January 2024	151

As at 31 December 2024	151

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	151

As at 1 January 2024	151

Details of Associates

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertakings	Registered Office	Holding	% of shares held
			2024	2023
St Vincent's Limited	Combe House, 33 Oakfield Road	Ordinary shares	15%	15%
	Clifton, Bristol - BS8 2AT

The principal activity of St Vincent's Limited is development of buidling project.

Page 5

Page 6

Atlas Hive Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	100	100
Amounts owed by participating interests	9,831,590	9,146,225
Other debtors	4,578	102,877

	9,836,268	9,249,202

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,949	14,427
Other loans	398,341	-
Amounts owed to participating interests	1,510,026	1,510,026
Other creditors	4,047,781	3,663,594

	5,962,097	5,188,047

7. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Other loans	398,341	-

Included in loans and borrowing is a loan of £398,341 due to Aurum Investment. The loan has been provided at the interest rates to be aggregate of 10% annual margin plus the Bank of England's base rate as varied from time to time and interest payable monthly. The loan is secured by way of a gurantee provided by related companies.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 6

Page 7

Atlas Hive Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Related Party Disclosures

Atlas Land Limited

Under common control

At the balance sheet date, Atlas Land Limited owed £5,590,661 (2023: £5,226,305) to the company .

Atlas Hive 2 Limited

Under common control

At the balance sheet date, Atlas Hive 2 Limited owed £0 (2023: £71,869) to the company.

St Vincent's Limited

Under common control

At the balance sheet date, St Vincent's Limited owed £3,191,780 (2023: £2,798,901) to the company.

Atlas Hive Weston Limited

Under common control

At the balance sheet date, Atlas Hive 3 Weston Limited owed £1,031,012 (2023: £1,031,012) to the company.

Dean St. Works Limited

Under common control

At the balance sheet date, Dean St. Works Limited owed £18,103 (2023: £18,103) to the company.

Silverthorne Locke Limited

Under common control

At the balance sheet date, Silverthorne Locke Limited owed £35 (2023: £35) to the company.

Globus Holding Limited

Under common control

At the balance sheet date, Globus Holding Limited owed £100 (2023: £100) to the company.

Sterling Globas Limited

Under common control

At the balance sheet date, the company owed £725,428 (2023: £725,428) to Sterling Globas Limited.

Globus Students Limited

Under common control

At the balance sheet date, the company owed £431,116 (2023: £431,116) to Globus Students Limited.

Planeta Property Limited

Under common control

At the balance sheet date, the company owed £353,482 (2023: £353,482) to Planeta Property Limited.

Directors' balance

Included in other creditors is an amount of £3,649,894 (2023: £3,649,894) due to director, Mr Alan Chaytor.

10. Controlling Parties

The ultimate parent undertaking is Globus Holdings Limited (incorporated in Guernsey).

Page 7

Directors	Mr A J Chaytor
	Mrs A Chaytor
	Miss D Chaytor

Company Number	10677717

Registered Office	9a Burroughs Gardens
	London
	NW4 4AU

Business	Combe House
	Clifton
	Bristol
	United Kingdon
	BS8 2AT

Accountants	Ripe LLP
	Chartered Accountants
	9A Burroughs Gardens
	London
	NW4 4AU