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REGISTERED NUMBER: NI011434 (Northern Ireland)















Financial Statements

for the Year Ended 31 March 2023

for

The Alexander Group Holdings Limited

The Alexander Group Holdings Limited (Registered number: NI011434)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Alexander Group Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Mark Robin Alexander
Mr Peter Alexander
Mr David John Megrath





REGISTERED OFFICE: Unit 20 Blaris Industrial Estate
Altona Road
Lisburn
Co. Antrim
BT27 5QB





REGISTERED NUMBER: NI011434 (Northern Ireland)





ACCOUNTANTS: McCleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP

The Alexander Group Holdings Limited (Registered number: NI011434)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 637,973 662,459
Investments 5 200 200
Investment property 6 717,950 592,950
1,356,123 1,255,609

CURRENT ASSETS
Debtors 7 839,650 860,162
Cash at bank 101,098 107,326
940,748 967,488
CREDITORS
Amounts falling due within one year 8 (1,500,055 ) (1,637,718 )
NET CURRENT LIABILITIES (559,307 ) (670,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,816

585,379

CREDITORS
Amounts falling due after more than one
year

9

(22,521

)

-

PROVISIONS FOR LIABILITIES (73,358 ) (26,496 )
NET ASSETS 700,937 558,883

The Alexander Group Holdings Limited (Registered number: NI011434)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 14,218 14,218
Revaluation reserve 11 182,961 154,168
Capital redemption reserve 37,827 37,827
Retained earnings 465,931 352,670
SHAREHOLDERS' FUNDS 700,937 558,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 25 October 2023 and were signed on its behalf by:





Mr Mark Robin Alexander - Director


The Alexander Group Holdings Limited (Registered number: NI011434)

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

1. STATUTORY INFORMATION

The Alexander Group Holdings Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 5% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.


The Alexander Group Holdings Limited (Registered number: NI011434)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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 3 (2022 - 3 ) .

The Alexander Group Holdings Limited (Registered number: NI011434)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 645,000 240,304 885,304
Additions - 2,850 2,850
At 31 March 2023 645,000 243,154 888,154
DEPRECIATION
At 1 April 2022 79,200 143,645 222,845
Charge for year 9,900 17,436 27,336
At 31 March 2023 89,100 161,081 250,181
NET BOOK VALUE
At 31 March 2023 555,900 82,073 637,973
At 31 March 2022 565,800 96,659 662,459

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 261,000 - 261,000
Cost 384,000 243,154 627,154
645,000 243,154 888,154

The company revalued the property in 2014 on transition to FRS 102 and availed of the exemption to treat that valuation as deemed cost.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2022
and 31 March 2023 200
NET BOOK VALUE
At 31 March 2023 200
At 31 March 2022 200

The Alexander Group Holdings Limited (Registered number: NI011434)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 592,950
Additions 3,590
Revaluations 17,579
Reversal of impairments 103,831
At 31 March 2023 717,950
NET BOOK VALUE
At 31 March 2023 717,950
At 31 March 2022 592,950

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2014 (110,881 )
Valuation in 2023 121,410
Cost 707,421
717,950

Investment property was valued on an open market basis on 18 October 2023 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 839,650 860,162

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 15,254 -
Trade creditors 6,852 6,401
Amounts owed to group undertakings 1,436,744 1,546,049
Taxation and social security 32,042 22,531
Other creditors 9,163 62,737
1,500,055 1,637,718

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 22,521 -

The Alexander Group Holdings Limited (Registered number: NI011434)

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

10. SECURED DEBTS

Under group banking arrangements group borrowings are secured by fixed charges over the premises and book debts and by floating charges over other assets of the group companies and are repayable on demand.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2022 154,168
Transfer from other reserves 28,793

At 31 March 2023 182,961

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr Mark Robin Alexander
Balance outstanding at start of year 219,114 209,914
Amounts advanced 169,067 159,911
Amounts repaid (160,000 ) (150,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 228,181 219,114

Mr Peter Alexander
Balance outstanding at start of year 143,661 150,564
Amounts advanced 167,261 143,808
Amounts repaid (160,000 ) (150,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150,922 143,661

13. RELATED PARTY DISCLOSURES




Management Charges
Received
Loan Balances owed to /
(by) The Alexander
Group Holdings Limited
££
Transactions with subsidiaries450,000(1,436,745)


Dividends totalling £320,000 were paid to two of the Directors in the year.

The Alexander Group Holdings Limited (Registered number: NI011434)

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

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are Mark and Peter Alexander by virtue of their shareholding in the Company.