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REGISTERED NUMBER: 12689485 (England and Wales)















Financial Statements

for the Year Ended 31 August 2023

for

Alderholt Town Ltd

Alderholt Town Ltd (Registered number: 12689485)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alderholt Town Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A Bailey
G C Greatbatch
P B Pinkney





REGISTERED OFFICE: 18 Bridge Street
Andover
Hampshire
SP10 1BH





REGISTERED NUMBER: 12689485 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Alderholt Town Ltd (Registered number: 12689485)

Statement of Financial Position
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Intangible assets 5 38,640 57,959
Property, plant and equipment 6 1,155 1,167
39,795 59,126

CURRENT ASSETS
Debtors 7 4,899 5,089
Cash at bank 38,673 26,813
43,572 31,902
CREDITORS
Amounts falling due within one year 8 (105,259 ) (108,705 )
NET CURRENT LIABILITIES (61,687 ) (76,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,892

)

(17,677

)

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (21,895 ) (17,680 )
SHAREHOLDERS' FUNDS (21,892 ) (17,677 )

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

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

Alderholt Town Ltd (Registered number: 12689485)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





P B Pinkney - Director


Alderholt Town Ltd (Registered number: 12689485)

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

1. STATUTORY INFORMATION

Alderholt Town Ltd 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Going concern basis of accounting
The financial statements have been prepared under the historical cost convention.

The Statement of Financial Position shows the company has net current liabilities at the year end. The company's main creditor are the directors, and they have confirmed that they will not seek repayment of their loans until cashflow allows. As such, the company's directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
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 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.

Alderholt Town Ltd (Registered number: 12689485)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 September 2022
and 31 August 2023 96,597
Amortisation
At 1 September 2022 38,638
Charge for year 19,319
At 31 August 2023 57,957
Net book value
At 31 August 2023 38,640
At 31 August 2022 57,959

6. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
Cost
At 1 September 2022 1,210
Additions 386
At 31 August 2023 1,596
Depreciation
At 1 September 2022 43
Charge for year 398
At 31 August 2023 441
Net book value
At 31 August 2023 1,155
At 31 August 2022 1,167

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 37 -
Other debtors 4,862 5,089
4,899 5,089

Alderholt Town Ltd (Registered number: 12689485)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 4,302 2,655
Taxation and social security 10,673 8,319
Other creditors 90,284 97,731
105,259 108,705

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/8/23 31/8/22
£    £   
Within one year 7,813 12,500
Between one and five years - 7,813
7,813 20,313

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are loans totalling £86,397 (2022: £93,897) due to the directors. These balances have no fixed repayment date, are interest free and repayable only when cashflow allows.