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REGISTERED NUMBER: 12401255 (England and Wales)






































Alexander Grace Property Group Ltd

Unaudited Financial Statements

for the Year Ended 30th June 2023






Alexander Grace Property Group Ltd (Registered number: 12401255)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 4


Alexander Grace Property Group Ltd

Company Information
for the year ended 30th June 2023







Director: C A A Rowan





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: 13 The Croft
East Ord
Berwick-Upon-Tweed
TD15 2NB





Registered number: 12401255 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Alexander Grace Property Group Ltd (Registered number: 12401255)

Balance Sheet
30th June 2023

2023 2022
Notes £    £   
Current assets
Debtors 4 73,399 1,179
Cash at bank 741 38,893
74,140 40,072
Creditors
Amounts falling due within one year 5 25,983 21,228
Net current assets 48,157 18,844
Total assets less current liabilities 48,157 18,844

Creditors
Amounts falling due after more than one
year

6

104,469

66,402
Net liabilities (56,312 ) (47,558 )

Capital and reserves
Called up share capital 100 100
Retained earnings (56,412 ) (47,658 )
(56,312 ) (47,558 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 director and authorised for issue on 11th March 2024 and were signed by:





C A A Rowan - Director


Alexander Grace Property Group Ltd (Registered number: 12401255)

Notes to the Financial Statements
for the year ended 30th June 2023

1. Statutory information

Alexander Grace Property Group 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.

2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Financial instruments
The following assets and liabilities are classified as financial instruments - accruals, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Alexander Grace Property Group Ltd (Registered number: 12401255)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

2. Accounting policies - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The company has a deficit on the balance sheet and relies on the support of its director and lenders, which has been confirmed for a period of at least twelve months from the approval of the financial statements. In this connection the director is currently considering options for the company going forward, including a possible restructuring of its debt. Accordingly the financial statements have been prepared on the going concern basis.

3. Employees and directors

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

4. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 72,534 -
Other debtors 865 1,179
73,399 1,179

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 6,750 6,750
Amounts owed to group undertakings - 1,512
Other creditors 19,233 12,966
25,983 21,228

6. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 34,969 37,235
Other creditors 69,500 29,167
104,469 66,402

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 69,500 29,167