Alpha Estates (Essex) Limited |
Registered Number:07850019 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Alpha Estates (Essex) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Alpha Estates (Essex) Limited
Statement of Financial Position
2022
2023
1,300,000
1,300,000
2
1,300,000
1,300,000
Trade and other receivables |
6,250
-
3
6,084
Cash and cash equivalents |
9,470
9,470
12,334
Trade and other payables: amounts falling due within one |
year |
(305,128)
(319,305)
4
(292,794)
(309,835)
Net current liabilities
Total assets less current liabilities |
990,165
1,007,206
Trade and other payables: amounts falling due after more |
than one year |
(410,161)
(353,653)
5
(42,477)
(42,477)
Provisions for liabilities |
594,035
Net assets
554,568
100
100
223,562
223,562
370,373
330,906
594,035
554,568
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 16 July 2024 and were signed by: |
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For the year ended 30 November 2023
Alpha Estates (Essex) Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 30 November 2023
Alpha Estates (Essex) Limited
Notes to the Financial Statements
Statutory Information
Alpha Estates (Essex) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07850019. |
Principal place of business: |
11 Atcost Road
Barking
Essex
IG11 0EQ
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a fair value reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.Deferred tax is provided at the current rate of 19% on the amount of fair value reserve. |
3 of 4
For the year ended 30 November 2023
Alpha Estates (Essex) Limited
Notes to the Financial Statements Continued
2. Investments held as fixed assets |
1,300,000
1,300,000
1,300,000
1,300,000
1,300,000
1,300,000
1,300,000
1,300,000
3. Trade and other receivables |
2022
2023
-
6,250
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
80,021
77,268
Taxation and social security |
10,824
11,568
228,460
216,292
319,305
305,128
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
353,653
410,161
6. Average number of persons employed |
During the year the average number of employees was 0
4 of 4