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Registered number: 08746177
ATHA DEVELOPMENTS (NO. 1) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2025
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ATHA DEVELOPMENTS (NO. 1) LIMITED
REGISTERED NUMBER: 08746177
BALANCE SHEET
AS AT 31 AUGUST 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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Creditors: amounts falling due after more than one year
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PROVISIONS FOR LIABILITIES
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ATHA DEVELOPMENTS (NO. 1) LIMITED
REGISTERED NUMBER: 08746177
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 April 2026.
The notes on pages 4 to 9 form part of these financial statements.
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ATHA DEVELOPMENTS (NO. 1) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
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Movement on revaluation reserve
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Dividends: Equity capital
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Movement on revaluation reserve
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Dividends: Equity capital
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The notes on pages 4 to 9 form part of these financial statements.
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ATHA DEVELOPMENTS (NO. 1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
The company is a private company, limited by shares, incorporated in England and Wales and its registered office is 137 Albert Road, Middlesbrough, England, TS1 2PP.
2.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.
The following principal accounting policies have been applied:
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue is comprised of rental income and management charges.
Rental income from rents is recognised on a receivable basis with a creditor calculated for any amounts received in advance.
Interest income is recognised in profit or loss using the effective interest method.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Depreciation is provided on the following basis:
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ATHA DEVELOPMENTS (NO. 1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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The average monthly number of employees, including the directors, during the year was as follows:
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Charge for the year on owned assets
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The net book value of land and buildings may be further analysed as follows:
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ATHA DEVELOPMENTS (NO. 1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Investments in subsidiary companies
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ATHA DEVELOPMENTS (NO. 1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Prepayments and accrued income
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CASH AND CASH EQUIVALENTS
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Other taxation and social security
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Accruals and deferred income
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ATHA DEVELOPMENTS (NO. 1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Analysis of the maturity of loans is given below:
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AMOUNTS FALLING DUE WITHIN ONE YEAR
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AMOUNTS FALLING DUE 1-2 YEARS
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AMOUNTS FALLING DUE 2-5 YEARS
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AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS
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Charged to profit or loss
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The deferred taxation balance is made up as follows:
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Accelerated capital allowances
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ATHA DEVELOPMENTS (NO. 1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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RELATED PARTY TRANSACTIONS
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During the year, the company invoiced Atha & Co Solicitors, a company that C A S Atha is a director of, £125,000 (2024: £125,000).
The company owed Atha & Co Solicitors as at 31 August 2024 loans of £2,615,000 (2024: £2,075,000). Interest is being charged on £200,000 of this loan.
At 31 August 2025, the company owed its directors; J A Atha £250,151 (2024: £305,889) and T C Atha £251,336 (2024: £313,049).
At 31 August 2025 the company was owed £2,221,361 (2024: £2,310,245) by Atha Developments (No. 2) Limited, a company under common directorship.
At 31 August 2025 the company was owed £1,453,043 (2024: £1,453,196) by Atha Developments (No. 3) Limited, a company under common directorship.
At 31 August 2025 the company was owed £4,329 (2024: £Nil) by Atha Developments (No. 4) Limited, a company under common directorship.
At 31 August 2025 the company was owed £99,478 (2024: £110,368) by Atha Construction Limited, a company under common directorship.
At 31 August 2025 the company was owed £2,004 (2024: £Nil) by Atha Group Holdings Limited, a company under common directorship.
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The controlling parties are the Trustees, Mr C A S Atha and Mrs K A Atha, of The Charles Anthony Stewart Atha Discretionary Settlement.
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