Alcester Property Developments Limited 06125043 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is holding investment property. Digita Accounts Production Advanced 6.30.9574.0 true true 06125043 2023-03-01 2024-02-29 06125043 2024-02-29 06125043 core:RetainedEarningsAccumulatedLosses 2024-02-29 06125043 core:ShareCapital 2024-02-29 06125043 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 06125043 bus:SmallEntities 2023-03-01 2024-02-29 06125043 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06125043 bus:FullAccounts 2023-03-01 2024-02-29 06125043 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06125043 bus:RegisteredOffice 2023-03-01 2024-02-29 06125043 bus:Director3 2023-03-01 2024-02-29 06125043 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06125043 countries:EnglandWales 2023-03-01 2024-02-29 06125043 2023-02-28 06125043 2022-03-01 2023-02-28 06125043 2023-02-28 06125043 core:RetainedEarningsAccumulatedLosses 2023-02-28 06125043 core:ShareCapital 2023-02-28 06125043 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 06125043

Alcester Property Developments Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 29 February 2024

 

Alcester Property Developments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Alcester Property Developments Limited

(Registration number: 06125043)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Investment property

4

 

107,000

 

97,500

Creditors: Amounts falling due within one year

5

 

(25,999)

 

(25,999)

Net assets

   

81,001

 

71,501

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

81,000

 

71,500

 

Total equity

   

81,001

 

71,501

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 April 2024
 

.........................................
Ms Julie Walton
Director

 

Alcester Property Developments Limited

Notes to the Unaudited Financial Statements For The Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hill House Birmingham Road
Pathlow
Stratford-upon-avon
CV37 0ES
England

These financial statements were authorised for issue by the director on 4 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Alcester Property Developments Limited

Notes to the Unaudited Financial Statements For The Year Ended 29 February 2024

4

Investment properties

2024
£

At 1 March

97,500

Fair value adjustments

9,500

At 29 February

107,000

The director has reviewed the value of the company's investment property and used her local knowledge and statistical data provided by RICS, along with recent sales of similar properties in the area, to determine a suitable value for the property. The property has been revalued to reflect its fair value.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

25,999

25,999