Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit B, Olympic Park
Low Moor
Bradford
BD12 0LP
United Kingdom

These financial statements were authorised for issue by the Board on 13 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 13 July 2026 was Kiran Paul Neilson, who signed for and on behalf of Roberts & Co (Bristol) Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent in the ordinary
course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates
and discounts.

Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Finance income and costs policy

Interest income is recognised in profit or loss using the effective interest method.

Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.

Tax

The tax expense for the period comprises current 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land & Buildings	over 25 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors with no stated interest rate and receivable within one year are recorded at transaction
price. Any losses arising from impairment are recognised in the profit and loss account in
administrative expenses.

Trade creditors

Trade creditors with no stated interest rate and payable within one year are recorded at transaction
price. Any losses arising from impairment are recognised in the profit and loss account in
administrative expenses.

Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	1,185,086	-	-	1,185,086
Additions	92,064	83,304	56,890	232,258
At 31 December 2025	1,277,150	83,304	56,890	1,417,344
Depreciation
At 1 January 2025	73,443	-	-	73,443
Charge for the year	26,501	9,883	7,113	43,497
At 31 December 2025	99,944	9,883	7,113	116,940
Carrying amount
At 31 December 2025	1,177,206	73,421	49,777	1,300,404
At 31 December 2024	1,111,643	-	-	1,111,643

Included within the net book value of land and buildings above is £1,177,206 (2024 - £1,111,643) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	50,400	50,400
Prepayments	15,976	14,677
Other debtors	14,343	1,751
	80,719	66,828

Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	92,584	26,933
Trade creditors		82,046	19,580
Taxation and social security		-	9,391
Accruals and deferred income		33,000	39,100
		207,630	95,004

Creditors include bank loans which are secured against the freehold property held within the
accounts.

The company has a fixed and floating charge held over all assets of the company.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,085,149	1,029,227

Creditors include bank loans which are secured against the freehold property held within the
accounts.

The company has a fixed and floating charge held over all assests of the company.

Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	540,490	434,063
Other borrowings	544,659	595,164
	1,085,149	1,029,227

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	92,584	26,933

9	Related party transactions

The Company is exempt under Paragraph 33.1A of FRS 102 from disclosing transactions entered into
between two or more members of the Group provided that any party to the transaction is wholly
owned.

10	Parent and ultimate parent undertaking

The company's immediate parent is Alatas Worldwide Limited, incorporated in Cyprus.

 The ultimate parent is Alatas Worldwide CI Limited, incorporated in Jersey.

 

The parent of the largest group in which these financial statements are consolidated is Alatas Worldwide Limited, incorporated in Cyprus.

The address of Alatas Worldwide Limited is:
132 Kyrenias Avenue, 1st Floor, Aglantzia, 2113, Nicosia, Cyprus

Alatas Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

10	Parent and ultimate parent undertaking (continued)

Alatas Worldwide Limited is also the parent of the smallest group in which these financial statements are consolidated.