Company Registration No. 07525006 (England and Wales)
ALEXANDER DEVELOPING LIMITED
Unaudited accounts
for the year ended 31 March 2023
ALEXANDER DEVELOPING LIMITED
Unaudited accounts
Contents
ALEXANDER DEVELOPING LIMITED
Company Information
for the year ended 31 March 2023
Directors
Dr Jasvinder Singh Dhaliwal
Dr Harmeena Kaur Sangha
Secretary
Dr Harmeena Kaur Sangha
Company Number
07525006 (England and Wales)
Registered Office
128 CITY ROAD
LONDON
EC1V 2NX
ENGLAND
Accountants
Connect Accountants Ltd
Kemp House
160 City Road
London
England
EC1V 2NX
ALEXANDER DEVELOPING LIMITED
Statement of financial position
as at 31 March 2023
Investment property
2,925,000
2,925,000
Cash at bank and in hand
66,480
88,846
Creditors: amounts falling due within one year
(106,255)
(163,046)
Net current assets
807,557
773,132
Total assets less current liabilities
3,732,557
3,698,132
Creditors: amounts falling due after more than one year
(2,260,506)
(2,272,039)
Provisions for liabilities
Other provisions
(241,173)
(241,173)
Net assets
1,230,878
1,184,920
Called up share capital
100
100
Revaluation reserve
1,288,323
1,288,323
Profit and loss account
(57,545)
(103,503)
Shareholders' funds
1,230,878
1,184,920
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 directors acknowledge their 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 of Directors and authorised for issue on 18 November 2023 and were signed on its behalf by
Dr Jasvinder Singh Dhaliwal
Director
Company Registration No. 07525006
ALEXANDER DEVELOPING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
ALEXANDER DEVELOPING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07525006. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, 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.
The financial statements have been prepared on a going concern basis. The continuation of the trade is dependent on the continual support of the company's directors.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.
Fair value at 1 April 2022
2,925,000
At 31 March 2023
2,925,000
The directors consider the fair value of investment property at the year end to be £2,925,000 (2021:£2,925,000). Valuations of investment property have been made by the director on an open market value for existing use basis.
ALEXANDER DEVELOPING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
19,578
19,578
Accrued income and prepayments
1,504
-
Other debtors
826,250
827,754
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,000
Other creditors
22,324
68,430
Other creditors includes accruals and deferred income of £84,616 (2021: £84,616)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,260,506
2,272,039
Bank loans are secured by a first legal mortgage over the investment property and a fixed and floating
charge over the company's assets. Bank loans 2,247,212 (2021: 2,247,212) are secured debts are included within creditors.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).