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REGISTERED NUMBER: 08871249 (England and Wales)









A & L RESIDENTIAL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






A & L RESIDENTIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08871249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


A & L RESIDENTIAL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Webb





REGISTERED OFFICE: C/O Mark Holt & Co
7 Sandy Court
Langage Business Park
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 08871249 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

A & L RESIDENTIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08871249)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,174,500 2,166,000

CURRENT ASSETS
Debtors 600,415 600,415
Cash at bank 279,227 3,338
879,642 603,753
CREDITORS
Amounts falling due within one year 54,169 67,842
NET CURRENT ASSETS 825,473 535,911
TOTAL ASSETS LESS CURRENT LIABILITIES 2,999,973 2,701,911

CREDITORS
Amounts falling due after more than one year 6 (408,200 ) (408,200 )

PROVISIONS FOR LIABILITIES (102,000 ) (66,000 )
NET ASSETS 2,489,773 2,227,711

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 2,489,743 2,227,681
SHAREHOLDERS' FUNDS 2,489,773 2,227,711

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2024 and were signed by:




A Webb - Director


A & L RESIDENTIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08871249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A & L Residential Properties 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.

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

Basis of preparing the financial statements
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied, to all the years presented, unless otherwise stated.

Turnover
Turnover represents the net rental income received from tenants.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

Development costs
The company has elected to capitalise any development costs that meet the definition of an asset and will generate income for the company in the future. Any Development costs that are on a client assignment and generate revenue will be expense in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

A & L RESIDENTIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08871249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,166,000
Disposals (246,000 )
Revaluations 254,500
At 31 December 2023 2,174,500
NET BOOK VALUE
At 31 December 2023 2,174,500
At 31 December 2022 2,166,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 89,811
Valuation in 2020 300,000
Valuation in 2023 254,500
Cost 1,530,189
2,174,500

The properties were revalued by the director on the 31/12/2023 with reference to market value information available online.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 408,200 408,200

7. SECURED CREDITORS

Four of the properties have a fixed charge and negative pledge over them.