Registered number
07284715
Alprose Limited
Filleted Accounts
30 June 2023
Alprose Limited
Registered number: 07284715
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 1,252,826 1,222,269
Current assets
Debtors 5 5,519 724
Cash at bank and in hand 25,016 23,301
30,535 24,025
Creditors: amounts falling due within one year 6 (347,578) (346,849)
Net current liabilities (317,043) (322,824)
Total assets less current liabilities 935,783 899,445
Creditors: amounts falling due after more than one year 7 (751,895) (751,070)
Provisions for liabilities (35,420) (29,615)
Net assets 148,468 118,760
Capital and reserves
Called up share capital 50 50
Profit and loss account 148,418 118,710
Shareholders' funds 148,468 118,760
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rupal Miten Patel
Director
Approved by the board on 7 March 2024
Alprose Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rents receivable on the company's investment properties.
Investment properties
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 2,773
Disposals (2,773)
At 30 June 2023 -
Depreciation
At 1 July 2022 2,773
On disposals (2,773)
At 30 June 2023 -
Net book value
At 30 June 2023 -
4 Investments Investment
Property
£
Fair value
At 1 July 2022 1,222,269
Fair value adjustment 30,557
At 30 June 2023 1,252,826
The investment properties are included at a fair value and the valuation was provided by the directors.
5 Debtors 2023 2022
£ £
Director's account 4,582 -
Other debtors 937 724
5,519 724
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 28,913 29,754
Taxation and social security costs 65 -
Other creditors 31,850 11,057
Director's account - 19,288
Associated company 286,750 286,750
347,578 346,849
Associated company: Oakdale UK Ltd is a company registered in England
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 751,895 751,070
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 780,807 780,824
Secured by a charge on the investment properties of the company.
9 Other information
Alprose Limited is a private company limited by shares and incorporated in England. Its registered office is:
203 Edgwarebury Lane
Edgware
Middlesex
HA8 8QJ
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