Caseware UK (AP4) 2022.0.179 2022.0.179 29000002900000false2022-08-01falseproperty rental22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4852647 2022-08-01 2023-07-31 4852647 2021-08-01 2022-07-31 4852647 2023-07-31 4852647 2022-07-31 4852647 2021-08-01 4852647 c:Director1 2022-08-01 2023-07-31 4852647 d:FurnitureFittings 2022-08-01 2023-07-31 4852647 d:FurnitureFittings 2023-07-31 4852647 d:FurnitureFittings 2022-07-31 4852647 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 4852647 d:FreeholdInvestmentProperty 2023-07-31 4852647 d:FreeholdInvestmentProperty 2022-07-31 4852647 d:LeaseholdInvestmentProperty 2023-07-31 4852647 d:LeaseholdInvestmentProperty 2022-07-31 4852647 d:CurrentFinancialInstruments 2023-07-31 4852647 d:CurrentFinancialInstruments 2022-07-31 4852647 d:Non-currentFinancialInstruments 2023-07-31 4852647 d:Non-currentFinancialInstruments 2022-07-31 4852647 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 4852647 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 4852647 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 4852647 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 4852647 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 4852647 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 4852647 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 4852647 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 4852647 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 4852647 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 4852647 d:ShareCapital 2023-07-31 4852647 d:ShareCapital 2022-07-31 4852647 d:ShareCapital 2021-08-01 4852647 d:RevaluationReserve 2023-07-31 4852647 d:RevaluationReserve 2021-08-01 2022-07-31 4852647 d:RevaluationReserve 2022-07-31 4852647 d:RevaluationReserve 2021-08-01 4852647 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 4852647 d:RetainedEarningsAccumulatedLosses 2023-07-31 4852647 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 4852647 d:RetainedEarningsAccumulatedLosses 2022-07-31 4852647 d:RetainedEarningsAccumulatedLosses 2021-08-01 4852647 c:FRS102 2022-08-01 2023-07-31 4852647 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 4852647 c:FullAccounts 2022-08-01 2023-07-31 4852647 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 4852647 d:OtherDeferredTax 2023-07-31 4852647 d:OtherDeferredTax 2022-07-31 4852647 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 4852647





 
Alexandra Properties UK Limited          
 
Financial statements          

For the year ended 31 July 2023          

 
Alexandra Properties UK Limited
Registered number:4852647

Balance sheet
As at 31 July 2023


2023

2022 
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,053
1,316

Investment property
 5 
1,450,000
1,450,000

  
1,451,053
1,451,316

Current assets
  

Debtors
 6 
16,091
2,730

Cash at bank and in hand
 7 
51,659
1,547

  
67,750
4,277

Creditors: amounts falling due within one year
 8 
(396,356)
(460,610)

Net current liabilities
  
 
 
(328,606)
 
 
(456,333)

Total assets less current liabilities
  
1,122,447
994,983

Creditors: amounts falling due after more than one year
 9 
(919,104)
(762,989)

Provisions for liabilities
  

Deferred tax
 11 
(54,779)
(54,779)

Net assets
  
148,564
177,215


Capital and reserves
  

Called up share capital 
  
100
100

Investment property revaluation reserve
  
355,219
355,219

Profit and loss account
  
(206,755)
(178,104)

  
148,564
177,215


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


 
Page 1

 
Alexandra Properties UK Limited
Registered number:4852647
    
Balance sheet (continued)
As at 31 July 2023

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 15 April 2024.




S Hutchinson
Director
























The notes on pages 4 to 11 form part of these financial statements.
Page 2

 
Alexandra Properties UK Limited
 

Statement of changes in equity
For the year ended 31 July 2023


Called up share capital
Investment
property
revaluation 
reserve
Profit and loss account
Total equity

£
£
£
£

At 1 August 2022
100
355,219
(178,104)
177,215



Loss for the year
-
-
(28,651)
(28,651)


At 31 July 2023
100
355,219
(206,755)
148,564



 
 
 
 
 
 
 
 
 
 
Statement of changes in equity
For the year ended 31 July 2022


Called up share capital
Investment
property
revaluation
reserve
Profit and loss account
Total equity

£
£
£
£

At 1 August 2021
100
380,596
(151,118)
229,578



Loss for the year
-
-
(52,363)
(52,363)

Transfer between reserves
-
(25,377)
25,377
-


At 31 July 2022
100
355,219
(178,104)
177,215








The notes on pages 4 to 11 form part of these financial statements.
Page 3

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

1.


General information

Alexandra Properties UK Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. 

 
2.3

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.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rate:

Furniture, fittings and equipment
-
20%
reducing balance

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.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors, having regard to professional advice taken personally, and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.

Page 4

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
 
Page 5

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Borrowing costs

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

Page 6

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.


3.


Employees

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

Page 7

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

4.


Tangible fixed assets





Furniture, fittings and equipment

£



Cost 


At 1 August 2022
3,420



At 31 July 2023

3,420



Depreciation


At 1 August 2022
2,104


Charge for the year
263



At 31 July 2023

2,367



Net book value



At 31 July 2023
1,053



At 31 July 2022
1,316

Page 8

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 August 2022
250,000
1,200,000
1,450,000



At 31 July 2023
250,000
1,200,000
1,450,000

The 2023 valuations were made by the directors, having regard to professional advice taken personally, on an open market value for existing use basis.



If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,040,002
1,040,002


6.


Debtors

2023
2022
£
£


Prepayments and accrued income
16,091
2,730



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,659
1,547


Page 9

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,400
2,400

Directors' loan account
390,244
454,350

Accruals and deferred income
3,712
3,860

396,356
460,610



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
919,104
762,989


The following liabilities were secured:

2023
2022
£
£



Bank loans
913,503
754,988

Details of security provided:

The bank loans are secured by way of a fixed charge over the long term leasehold investment properties held by the company. 

Page 10

 
Alexandra Properties UK Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,400
2,400

Amounts falling due 1-2 years

Bank loans
2,400
2,400

Amounts falling due 2-5 years

Bank loans
3,201
5,601

Amounts falling due after more than 5 years

Bank loans
913,503
754,988

921,504
765,389


The company has five bank loans. Four of the loans are secured and these are each subject to an interest rate of 3.29% and are interest only. The other bank loan is unsecured, carries interest at a fixed rate of 2.5% per annum and is repayable by 60 monthly installments commencing December 2021. 


11.


Deferred taxation




2023
2022


£

£






At beginning of year
54,779
44,502


Charge for the year
-
10,277



At end of year
54,779
54,779

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Unrealised gain on revalued investment properties
54,779
54,779

 

 

Page 11