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REGISTERED NUMBER: 02460707 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED

ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 02460707)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: N D Green





SECRETARY: M J Maher





REGISTERED OFFICE: 7 New Union Street
Coventry
CV1 2HN





REGISTERED NUMBER: 02460707 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 02460707)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,617 2,180

CURRENT ASSETS
Debtors 5 90,385 23,722
Cash at bank 21,732 59,884
112,117 83,606
CREDITORS
Amounts falling due within one year 6 63,241 46,250
NET CURRENT ASSETS 48,876 37,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,493

39,536

CREDITORS
Amounts falling due after more than one
year

7

(33,678

)

(38,973

)

PROVISIONS FOR LIABILITIES (307 ) (414 )
NET ASSETS 16,508 149

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 16,108 (251 )
16,508 149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 02460707)

BALANCE SHEET - continued
31 JULY 2023


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 31 January 2024 and were signed by:





N D Green - Director


ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 02460707)

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

1. STATUTORY INFORMATION

Alternative Estates & Financial Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of services,excluding value added tax, and is recognised at the time of invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 02460707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 31,659 12,041 43,700
DEPRECIATION
At 1 August 2022 29,641 11,879 41,520
Charge for year 522 41 563
At 31 July 2023 30,163 11,920 42,083
NET BOOK VALUE
At 31 July 2023 1,496 121 1,617
At 31 July 2022 2,018 162 2,180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,917 12,335
Other debtors 84,468 11,387
90,385 23,722

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,152 6,557
Taxation and social security 33,653 27,154
Other creditors 23,436 12,539
63,241 46,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 33,678 38,973

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 11,120 16,973

ALTERNATIVE ESTATES & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 02460707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. RELATED PARTY DISCLOSURES

Included in other debtors at the balance sheet date is a loan to participators with a balance of £77,200. The loan is interest free and repayable upon demand.