2 01/07/2022 30/06/2023 2023-06-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 3918679 2022-07-01 2023-06-30 3918679 2023-06-30 3918679 2022-06-30 3918679 2021-07-01 2022-06-30 3918679 2022-06-30 3918679 2021-06-30 3918679 bus:RegisteredOffice 2022-07-01 2023-06-30 3918679 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 3918679 bus:Director1 2022-07-01 2023-06-30 3918679 bus:Director2 2022-07-01 2023-06-30 3918679 bus:CompanySecretary1 2022-07-01 2023-06-30 3918679 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 3918679 core:FurnitureFittingsToolsEquipment 2023-06-30 3918679 core:WithinOneYear 2023-06-30 3918679 core:WithinOneYear 2022-06-30 3918679 core:ShareCapital 2023-06-30 3918679 core:ShareCapital 2022-06-30 3918679 core:RetainedEarningsAccumulatedLosses 2023-06-30 3918679 core:RetainedEarningsAccumulatedLosses 2022-06-30 3918679 core:LandBuildings core:LongLeaseholdAssets 2022-06-30 3918679 core:LandBuildings core:LongLeaseholdAssets 2022-06-30 3918679 core:FurnitureFittingsToolsEquipment 2022-06-30 3918679 core:LandBuildings core:LongLeaseholdAssets 2022-07-01 2023-06-30 3918679 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 3918679 bus:Director1 2022-06-30 3918679 bus:Director1 2023-06-30 3918679 bus:Director1 2021-06-30 3918679 bus:Director1 2022-06-30 3918679 bus:Director1 2021-07-01 2022-06-30 3918679 bus:SmallEntities 2022-07-01 2023-06-30 3918679 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 3918679 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 3918679 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 3918679 bus:FullAccounts 2022-07-01 2023-06-30
Company registration number: 3918679
Alexander Partners Limited
Unaudited filleted financial statements
30 June 2023
Alexander Partners Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Alexander Partners Limited
Directors and other information
Directors G Al-Jebouri
I I Al-Jebouri
Secretary I I Al-Jebouri
Company number 3918679
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Alexander Partners Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Alexander Partners Limited
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alexander Partners Limited for the year ended 30 June 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Alexander Partners Limited, as a body, in accordance with the terms of our engagement letter dated 10 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Alexander Partners Limited and state those matters that we have agreed to state to the board of directors of Alexander Partners Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alexander Partners Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Alexander Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Alexander Partners Limited. You consider that Alexander Partners Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Alexander Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
28 March 2024
Alexander Partners Limited
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,182,476 1,735,806
_________ _________
1,182,476 1,735,806
Current assets
Debtors 6 25,406 24,204
Cash at bank and in hand 116,049 105,582
_________ _________
141,455 129,786
Creditors: amounts falling due
within one year 7 ( 718,829) ( 756,335)
_________ _________
Net current liabilities ( 577,374) ( 626,549)
_________ _________
Total assets less current liabilities 605,102 1,109,257
_________ _________
Net assets 605,102 1,109,257
_________ _________
Capital and reserves
Called up share capital 300 300
Profit and loss account 604,802 1,108,957
_________ _________
Shareholders funds 605,102 1,109,257
_________ _________
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
G Al-Jebouri
Director
Company registration number: 3918679
Alexander Partners Limited
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the total rental income receivable from investment properties for the year.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - Straight line over 4 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Investment property Fixtures, fittings and equipment Total
£ £ £
Cost or valuation
At 1 July 2022 1,735,806 76,400 1,812,206
Revaluation ( 553,330) - ( 553,330)
_________ _________ _________
At 30 June 2023 1,182,476 76,400 1,258,876
_________ _________ _________
Depreciation
At 1 July 2022 and 30 June 2023 - 76,400 76,400
_________ _________ _________
Carrying amount
At 30 June 2023 1,182,476 - 1,182,476
_________ _________ _________
At 30 June 2022 1,735,806 - 1,735,806
_________ _________ _________
Investment property
Investment properties have been valued by the directors at their fair value at the balance sheet date. The historical cost of the properties was £1,735,806.
6. Debtors
2023 2022
£ £
Other debtors 25,406 24,204
_________ _________
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 311 495
Corporation tax 11,773 7,977
Other creditors 706,745 747,863
_________ _________
718,829 756,335
_________ _________
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
G Al-Jebouri ( 715,116) 40,900 ( 674,216)
_________ _________ _________
2022
Balance brought forward Amounts repaid Balance o/standing
£ £ £
G Al-Jebouri ( 726,211) 11,095 ( 715,116)
_________ _________ _________