Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07948778 2022-04-01 2023-03-31 07948778 2021-04-01 2022-03-31 07948778 2023-03-31 07948778 2022-03-31 07948778 c:Director1 2022-04-01 2023-03-31 07948778 d:PlantMachinery 2022-04-01 2023-03-31 07948778 d:PlantMachinery 2023-03-31 07948778 d:PlantMachinery 2022-03-31 07948778 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07948778 d:MotorVehicles 2022-04-01 2023-03-31 07948778 d:MotorVehicles 2023-03-31 07948778 d:MotorVehicles 2022-03-31 07948778 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07948778 d:OfficeEquipment 2022-04-01 2023-03-31 07948778 d:OfficeEquipment 2023-03-31 07948778 d:OfficeEquipment 2022-03-31 07948778 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07948778 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07948778 d:Goodwill 2023-03-31 07948778 d:Goodwill 2022-03-31 07948778 d:CurrentFinancialInstruments 2023-03-31 07948778 d:CurrentFinancialInstruments 2022-03-31 07948778 d:Non-currentFinancialInstruments 2023-03-31 07948778 d:Non-currentFinancialInstruments 2022-03-31 07948778 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07948778 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07948778 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07948778 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07948778 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07948778 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 07948778 d:ShareCapital 2023-03-31 07948778 d:ShareCapital 2022-03-31 07948778 d:RetainedEarningsAccumulatedLosses 2023-03-31 07948778 d:RetainedEarningsAccumulatedLosses 2022-03-31 07948778 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07948778 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 07948778 c:FRS102 2022-04-01 2023-03-31 07948778 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07948778 c:FullAccounts 2022-04-01 2023-03-31 07948778 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07948778 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 07948778









ALEXANDER & CO RESIDENTIAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ALEXANDER & CO RESIDENTIAL LIMITED
REGISTERED NUMBER: 07948778

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
41,114
56,834

  
41,114
56,834

Current assets
  

Debtors: amounts falling due within one year
 6 
53,660
136,817

Cash at bank and in hand
  
162
4,648

  
53,822
141,465

Creditors: amounts falling due within one year
 7 
(100,485)
(148,165)

Net current liabilities
  
 
 
(46,663)
 
 
(6,700)

Total assets less current liabilities
  
(5,549)
50,134

Creditors: amounts falling due after more than one year
 8 
(25,528)
(91,383)

  

Net liabilities
  
(31,077)
(41,249)


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
(31,377)
(41,549)

  
(31,077)
(41,249)

Page 1

 
ALEXANDER & CO RESIDENTIAL LIMITED
REGISTERED NUMBER: 07948778

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2024.




Mr D J Cooke
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

1.


General information

Alexander & Co Residential Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 07948778. The address of the registered office is 6 St Andrews Street, Norwich, Norfolk, NR2 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Despite the company recording net current liabilities of £46,663 (2022 - £6,700) and an overall deficit of £31,077 (2022 - £41,249), the financial statements have been prepared on the going concern basis, which assumes the continued support of the company's bankers and its director in the foreseeable furture.  The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern, and has considered a period of at least twelve months from the balance sheet date.
The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Equipment
-
20%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis
Office equipment
-
33%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

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

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 6

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

2.Accounting policies (continued)

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 12).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
226,027



At 31 March 2023

226,027



Amortisation


At 1 April 2022
226,027



At 31 March 2023

226,027



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

5.


Tangible fixed assets





Equipment
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
40,565
110,612
11,004
162,181


Disposals
-
(23,581)
(5,081)
(28,662)



At 31 March 2023

40,565
87,031
5,923
133,519



Depreciation


At 1 April 2022
23,594
70,749
11,004
105,347


Charge for the year on owned assets
3,393
9,179
-
12,572


Disposals
-
(20,433)
(5,081)
(25,514)



At 31 March 2023

26,987
59,495
5,923
92,405



Net book value



At 31 March 2023
13,578
27,536
-
41,114



At 31 March 2022
16,971
39,863
-
56,834


6.


Debtors

2023
2022
£
£


Amounts owed by associated companies
48,464
136,817

Deferred taxation
5,196
-

53,660
136,817


Page 8

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,650
23,183

Trade creditors
2,978
3,339

Amounts owed to associated companies
-
17,772

Corporation tax
5,466
4,276

Other taxation and social security
14,354
17,176

Obligations under finance lease and hire purchase contracts
-
16,375

Other creditors
62,556
63,394

Accruals
4,481
2,650

100,485
148,165



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
25,528
34,519

Net obligations under finance leases and hire purchase contracts
-
56,864

25,528
91,383



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,650
23,183


Amounts falling due 2-5 years

Bank loans
25,528
34,519


36,178
57,702


Page 9

 
ALEXANDER & CO RESIDENTIAL LIMITED
 

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

10.


Deferred taxation




2023


£






Charged to profit or loss
5,196

The deferred tax asset is made up as follows:

2023
2022
£
£


Capital allowances
5,196
-


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,095 (2022 £2,750). Contributions totalling £1,349 (2022 £1,271) were payable to the fund at the balance sheet date and are included in creditors.


Page 10