Company Registration No. 12567252 (England and Wales)
ALO Property Ltd
Unaudited accounts
for the year ended 31 March 2023
ALO Property Ltd
Unaudited accounts
Contents
ALO Property Ltd
Company Information
for the year ended 31 March 2023
Director
Alyson Emily Edmunds
Company Number
12567252 (England and Wales)
Registered Office
6 TOP HOUSE FARM MEWS
FAIRBURN
KNOTTINGLEY
WF11 9NX
ENGLAND
ALO Property Ltd
Accountants' report
Accountants' report to the director of ALO Property Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ALO Property Ltd for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ALO Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ALO Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ALO Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ALO Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ALO Property Ltd. You consider that ALO Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ALO Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
ALO Property Ltd
Statement of financial position
as at 31 March 2023
Investment property
901,319
901,319
Cash at bank and in hand
36,356
29,668
Creditors: amounts falling due within one year
(481,665)
(594,916)
Net current liabilities
(440,458)
(563,305)
Total assets less current liabilities
460,861
338,014
Creditors: amounts falling due after more than one year
(426,471)
(304,697)
Called up share capital
10
10
Profit and loss account
34,380
33,307
Shareholders' funds
34,390
33,317
For the year ending 31 March 2023 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2023 and were signed on its behalf by
Alyson Emily Edmunds
Director
Company Registration No. 12567252
ALO Property Ltd
Notes to the Accounts
for the year ended 31 March 2023
ALO Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12567252. The registered office is 6 TOP HOUSE FARM MEWS, FAIRBURN, KNOTTINGLEY, WF11 9NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2022
901,319
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
4,843
4,896
Loans from directors
475,802
589,000
ALO Property Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
426,471
-
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).