Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truefalse2022-04-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06860973 2022-04-01 2023-03-31 06860973 2021-04-01 2022-03-31 06860973 2023-03-31 06860973 2022-03-31 06860973 c:Director2 2022-04-01 2023-03-31 06860973 d:CurrentFinancialInstruments 2023-03-31 06860973 d:CurrentFinancialInstruments 2022-03-31 06860973 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06860973 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06860973 d:ShareCapital 2023-03-31 06860973 d:ShareCapital 2022-03-31 06860973 d:RetainedEarningsAccumulatedLosses 2023-03-31 06860973 d:RetainedEarningsAccumulatedLosses 2022-03-31 06860973 c:FRS102 2022-04-01 2023-03-31 06860973 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06860973 c:FullAccounts 2022-04-01 2023-03-31 06860973 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06860973 d:WithinOneYear 2023-03-31 06860973 d:WithinOneYear 2022-03-31 06860973 d:BetweenOneFiveYears 2023-03-31 06860973 d:BetweenOneFiveYears 2022-03-31 06860973 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06860973







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


ALTERNATIVE DEVELOPMENTS LIMITED






































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ALTERNATIVE DEVELOPMENTS LIMITED
REGISTERED NUMBER:06860973



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
49
49

  
49
49

Current assets
  

Debtors: amounts falling due within one year
 5 
1,042,793
1,042,330

Cash at bank and in hand
  
908
17,812

  
1,043,701
1,060,142

Creditors: amounts falling due within one year
 6 
(63,265)
(119,151)

Net current assets
  
 
 
980,436
 
 
940,991

Total assets less current liabilities
  
980,485
941,040

  

Net assets
  
980,485
941,040


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
980,385
940,940

  
980,485
941,040


Page 1

 


ALTERNATIVE DEVELOPMENTS LIMITED
REGISTERED NUMBER:06860973


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 directors acknowledge their 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 statement of income and retained earnings 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 by: 


A L Dawson
Director

Date: 19 March 2024


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


ALTERNATIVE DEVELOPMENTS LIMITED
 


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

1.


General information

Alternative Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 6860973. The registered office and principal place of business is 239 Kensington High Street, London, W8 6SN. 

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

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 


ALTERNATIVE DEVELOPMENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
49



At 31 March 2023
49




Page 4

 


ALTERNATIVE DEVELOPMENTS LIMITED
 


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

5.


Debtors

2023
2022
£
£


Trade debtors
-
63,329

Amounts owed by group undertakings
1,788
-

Other debtors
785,654
740,404

Tax recoverable
255,351
238,597

1,042,793
1,042,330



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
46,237
107,263

Accruals and deferred income
17,028
11,888

63,265
119,151



7.


Commitments under operating leases

At 31 March 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
4,627
7,932

Later than 1 year and not later than 5 years
-
4,627

4,627
12,559


8.


Transactions with directors

Included within other debtors due within one year are interest free loans to the directors as follows:
A L Dawson - £476,352 (2022 - £443,852); amounts drawn in the year £92,500, amounts repaid in the year
£60,000.
G J Stewart - £305,213 (2022 - £290,294); amounts drawn in the year £80,000, amounts repaid in the year
£65,081.

 
Page 5