REGISTERED NUMBER: 13034694 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

FF UK Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J C Kilcoyne

J F Smith

REGISTERED OFFICE:

Wharfedale Road

Euroway Trading Estate

Bradford

BD4 6SL

REGISTERED NUMBER:

13034694 (England and Wales)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

FIXED ASSETS

Investments

5

141,658

108,724

Investment property

6

2,047,000

1,850,000

2,188,658

1,958,724

CURRENT ASSETS

Debtors

7

319,562

319,562

Cash at bank

105,357

138,424

424,919

457,986

CREDITORS

Amounts falling due within one year

8

65,619

64,864

NET CURRENT ASSETS

359,300

393,122

TOTAL ASSETS LESS CURRENT LIABILITIES

2,547,958

2,351,846

CREDITORS

Amounts falling due after more than one year

9

(1,900,000

)

(1,800,000

)

PROVISIONS FOR LIABILITIES

(100,000

)

(87,500

)

NET ASSETS

547,958

464,346

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

546,958

463,346

SHAREHOLDERS' FUNDS

547,958

464,346

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

J C Kilcoyne - Director

1.	STATUTORY INFORMATION

FF UK Property 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover

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

Investment property

Investment property is shown at the value at year end. 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 Statement of Income and Retained Earnings, 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at transaction price.

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at cost less impairment at the balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Other investments

141,658

108,724

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,850,000

Additions

147,000

Revaluations

50,000

At 31 December 2024

2,047,000

NET BOOK VALUE

At 31 December 2024

2,047,000

At 31 December 2023

1,850,000

The director's have valued the investment properties as at 31 December 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

294,987

294,987

Tax

24,575

24,575

319,562

319,562

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

(1

)

(1

)

Amounts owed to group undertakings

17,063

32,400

Tax

15,371

-

VAT

1,036

315

Other creditors

32,150

32,150

65,619

64,864

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

1,900,000

1,800,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 January 2024

463,346

Profit for the year

83,612

At 31 December 2024

546,958

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Barton BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of S&W Audit

The audit report was signed on 23 December 2025.

13.	RELATED PARTY DISCLOSURES

In accordance with the exemption allowed by Section 1A of FRS 102, no disclosures are made of transactions with other wholly owned member companies of the Atlas Holding GmbH Group.

No further transactions with related parties took place as are required to be reported under Section 1A of FRS 102.

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company and controlling party is Atlas Holding GmbH (Company registration number HRB 215873), a company incorporated in Germany.

The consolidated financial statements of the parent company will be available at Stedinger Strasse 324, 27751 Delmenhorst, Neidersachsen, Germany.