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REGISTERED NUMBER: 01990074 (England and Wales)











Unaudited Financial Statements

for the Year Ended

31 January 2023

for

Alderley Property Limited

Alderley Property Limited (Registered number: 01990074)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alderley Property Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: JM Hazzan
KL Hazzan
Ms L Stevenson





REGISTERED OFFICE: 64-66 Market Street
Longton
Stoke on Trent
ST3 1BS





REGISTERED NUMBER: 01990074 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Alderley Property Limited (Registered number: 01990074)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 109 109
Tangible assets 5 6,221 4,015
Investment property 6 7,477,000 7,832,000
7,483,330 7,836,124

CURRENT ASSETS
Stocks 6,750 6,532
Debtors 7 245,783 258,895
Cash at bank and in hand 144,456 80,963
396,989 346,390
CREDITORS
Amounts falling due within one year 8 1,553,766 1,785,692
NET CURRENT LIABILITIES (1,156,777 ) (1,439,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,326,553

6,396,822

PROVISIONS FOR LIABILITIES 9 594,800 477,604
NET ASSETS 5,731,753 5,919,218

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Revaluation reserve 11 3,982,923 4,186,237
Retained earnings 11 1,648,830 1,632,981
SHAREHOLDERS' FUNDS 5,731,753 5,919,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Alderley Property Limited (Registered number: 01990074)

Statement of Financial Position - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





JM Hazzan - Director


Alderley Property Limited (Registered number: 01990074)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Alderley Property Limited 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. ACCOUNTING POLICIES

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

Turnover
Turnover represents rents invoiced less credits issued.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments.This is a departure from the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view .Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Alderley Property Limited (Registered number: 01990074)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 109
NET BOOK VALUE
At 31 January 2023 109
At 31 January 2022 109

Intangible assets represents the purchase price of chief rents receivable.

Alderley Property Limited (Registered number: 01990074)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 103,115
Additions 4,500
At 31 January 2023 107,615
DEPRECIATION
At 1 February 2022 99,100
Charge for year 2,294
At 31 January 2023 101,394
NET BOOK VALUE
At 31 January 2023 6,221
At 31 January 2022 4,015

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 7,832,000
Disposals (355,000 )
At 31 January 2023 7,477,000
NET BOOK VALUE
At 31 January 2023 7,477,000
At 31 January 2022 7,832,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2022 7,832,000
Valuation in 2023 (355,000 )
7,477,000

The investment properties were valued at 31st January 2015 by the directors on the basis of Open Market Value with the benefit of their existing tenancies.

Alderley Property Limited (Registered number: 01990074)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 89,321 102,652
Amounts owed by participating interests 147,973 147,973
Other debtors 8,489 8,270
245,783 258,895

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors (1 ) 1
Taxation and social security 8,382 19,980
Other creditors 1,545,385 1,765,711
1,553,766 1,785,692

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 594,800 477,604

Deferred
tax
£   
Balance at 1 February 2022 477,604
Provided during year 117,196
Balance at 31 January 2023 594,800

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100,000 Ordinary £1 100,000 100,000

Alderley Property Limited (Registered number: 01990074)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 1,632,981 4,186,237 5,819,218
Deficit for the year (187,465 ) (187,465 )
Revaluation adj 203,314 (203,314 ) -
At 31 January 2023 1,648,830 3,982,923 5,631,753

12. RELATED PARTY DISCLOSURES

The company rents its offices from Mr J and Mrs K Hazzan, the directors of the company. There is no formal written lease. The rent payable is £20,000 per annum from 1st February 2020 and is at a commercial rate.

Mr J. Hazzan controls a Guernsey based company Saints Farm (1999) Ltd. Alderley Property Ltd has made loans to this company totalling £147,973.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr J Hazzan, by virtue of his ownership of 100% of the issued share capital.