Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-011false1No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05774536 2021-01-01 2021-12-31 05774536 2020-01-01 2020-12-31 05774536 2021-12-31 05774536 2020-12-31 05774536 c:Director1 2021-01-01 2021-12-31 05774536 c:RegisteredOffice 2021-01-01 2021-12-31 05774536 d:CurrentFinancialInstruments 2021-12-31 05774536 d:CurrentFinancialInstruments 2020-12-31 05774536 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05774536 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 05774536 d:ShareCapital 2021-12-31 05774536 d:ShareCapital 2020-12-31 05774536 d:RetainedEarningsAccumulatedLosses 2021-12-31 05774536 d:RetainedEarningsAccumulatedLosses 2020-12-31 05774536 c:OrdinaryShareClass1 2021-01-01 2021-12-31 05774536 c:OrdinaryShareClass1 2021-12-31 05774536 c:OrdinaryShareClass1 2020-12-31 05774536 c:FRS102 2021-01-01 2021-12-31 05774536 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 05774536 c:FullAccounts 2021-01-01 2021-12-31 05774536 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05774536









ALTON ROAD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

 
ALTON ROAD LIMITED
 
 
COMPANY INFORMATION


Director
D Cohen 




Registered number
05774536



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
ALTON ROAD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
ALTON ROAD LIMITED
REGISTERED NUMBER:05774536

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Stocks and work in progress
 4 
12,920
-

Debtors: amounts falling due within one year
 5 
461
116

Cash at bank and in hand
  
261
70

Current liabilities
  
13,642
186

Creditors: amounts falling due within one year
 6 
(480,785)
(465,735)

Net liabilities
  
(467,143)
(465,549)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(467,243)
(465,649)

  
(467,143)
(465,549)


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 13 September 2022.




D Cohen
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ALTON ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Alton Road Limited is a limited company incorporated in England and Wales with its principal place of business at Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 5AW and its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company is that of property development.
The Company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

As at 31 December 2021 the Company had accumulated losses of £467,243 (2020 - £465,649) and the Company is dependent on the ongoing support of its loan creditor and a company under common control. On the basis that the directors expects this ongoing support to be be maintained for at least 12 months following the date of his approval of the financial statements, the director has considered it appropriate to continue to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover comprises revenue recognised by the Company in respect of development property sales, exclusive of Value Added Tax.
Development property sales are recognised at the date of exchange of contracts. If completion is conditional upon an external event the sale is recognised at the time the transaction becomes unconditional.

 
2.4

Stocks

Stocks and work in progress represents development property valued at the lower of cost and net realisable value. Cost for this purpose comprises the original purchase of land and buildings, development expenditure and overheads.
In considering the net realisable value of land and properties it is assumed that developments will be completed and sold in the ordinary course of the Company's business and that they would not be placed on the market for immediate sale.

 
2.5

Debtors

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

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and third parties and loans to and from related parties.

Page 2

 
ALTON ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The director was the only employee of the Company during the current and preceding period.


4.


Stocks

2021
2020
£
£

Stocks and work in progress
12,920
-



5.


Debtors

2021
2020
£
£

Other debtors
461
116



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
270,070
270,070

Other creditors
204,715
191,165

Accruals and deferred income
6,000
4,500

480,785
465,735


Page 3

 
ALTON ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £1 each
100
100


 
Page 4