Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false12023-01-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12816554 2023-01-01 2023-12-31 12816554 2021-09-01 2022-12-31 12816554 2023-12-31 12816554 2022-12-31 12816554 c:Director1 2023-01-01 2023-12-31 12816554 d:MotorVehicles 2023-01-01 2023-12-31 12816554 d:MotorVehicles 2023-12-31 12816554 d:MotorVehicles 2022-12-31 12816554 d:CurrentFinancialInstruments 2023-12-31 12816554 d:CurrentFinancialInstruments 2022-12-31 12816554 d:Non-currentFinancialInstruments 2023-12-31 12816554 d:Non-currentFinancialInstruments 2022-12-31 12816554 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12816554 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12816554 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12816554 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12816554 d:ShareCapital 2023-12-31 12816554 d:ShareCapital 2022-12-31 12816554 d:RetainedEarningsAccumulatedLosses 2023-12-31 12816554 d:RetainedEarningsAccumulatedLosses 2022-12-31 12816554 c:FRS102 2023-01-01 2023-12-31 12816554 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12816554 c:FullAccounts 2023-01-01 2023-12-31 12816554 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12816554 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12816554









ALTON COMMERCIAL ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ALTON COMMERCIAL ESTATES LIMITED
REGISTERED NUMBER: 12816554

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,190
-

  
59,190
-

Current assets
  

Stocks
  
791,901
951,601

Debtors: amounts falling due within one year
 5 
1,391
-

Cash at bank and in hand
 6 
321,320
45,036

  
1,114,612
996,637

Creditors: amounts falling due within one year
 7 
(844,661)
(842,902)

Net current assets
  
 
 
269,951
 
 
153,735

Total assets less current liabilities
  
329,141
153,735

Creditors: amounts falling due after more than one year
 8 
(34,793)
-

  

Net assets
  
294,348
153,735


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
294,248
153,635

  
294,348
153,735


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 31 July 2024.
Page 1

 
ALTON COMMERCIAL ESTATES LIMITED
REGISTERED NUMBER: 12816554
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023





S R Baker
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ALTON COMMERCIAL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Alton Commercial Estates Limited is a private company, limited by shares, registered in England and Wales. The address of the company's registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is that of property.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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:

Page 3

 
ALTON COMMERCIAL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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.

 
2.4

Taxation

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.

Page 4

 
ALTON COMMERCIAL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

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 on the following basis:

Motor vehicles
-
25%

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
ALTON COMMERCIAL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
59,190



At 31 December 2023

59,190






Net book value



At 31 December 2023
59,190



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Prepayments and accrued income
1,391
-

1,391
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
321,320
45,036

321,320
45,036


Page 6

 
ALTON COMMERCIAL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
22,898
9,506

Other taxation and social security
4,877
4,695

Obligations under finance lease and hire purchase contracts
17,397
-

Other creditors
771,100
773,250

Accruals and deferred income
28,389
55,451

844,661
842,902



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
34,793
-

34,793
-


 
Page 7