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REGISTERED NUMBER: 05889005 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

CY ALCS LIMITED

CY ALCS LIMITED (REGISTERED NUMBER: 05889005)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CY ALCS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: G Eason
Mrs J A Eason
S J Eason





SECRETARY: Mrs J A Eason





REGISTERED OFFICE: 49 Station Road
Polegate
East Sussex
BN26 6EA





REGISTERED NUMBER: 05889005 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

CY ALCS LIMITED (REGISTERED NUMBER: 05889005)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,985 1,738
Investments 5 1,064,815 1,038,966
Investment property 6 656,672 656,672
1,724,472 1,697,376

CURRENT ASSETS
Cash at bank 9,770 20,641

CREDITORS
Amounts falling due within one year 7 63,835 64,034
NET CURRENT LIABILITIES (54,065 ) (43,393 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,670,407

1,653,983

PROVISIONS FOR LIABILITIES 8 31,303 26,392
NET ASSETS 1,639,104 1,627,591

RESERVES
Other reserves 10 133,450 112,512
Retained earnings 1,505,654 1,515,079
SHAREHOLDERS' FUNDS 1,639,104 1,627,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CY ALCS LIMITED (REGISTERED NUMBER: 05889005)

BALANCE SHEET - continued
30TH NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





G Eason - Director


CY ALCS LIMITED (REGISTERED NUMBER: 05889005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

CY ALCS Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced amounts for services provided.

Tangible fixed assets
Depreciation is calculated to write down the cost less estimated residual value of all fixed assets over their expected useful lives.

The rates generally applicable are:-

Plant and machinery25% per annum - reducing balance method
Office fixtures and fittings25% per annum - reducing balance method


Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

CY ALCS LIMITED (REGISTERED NUMBER: 05889005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Office
fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st December 2022 585 4,981 5,566
Additions 910 1,099 2,009
At 30th November 2023 1,495 6,080 7,575
DEPRECIATION
At 1st December 2022 521 3,307 3,828
Charge for year 186 576 762
At 30th November 2023 707 3,883 4,590
NET BOOK VALUE
At 30th November 2023 788 2,197 2,985
At 30th November 2022 64 1,674 1,738

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 1,064,815 1,038,966

Additional information is as follows:
Listed
investments
£   
COST OR VALUATION
At 1st December 2022 1,001,516
Revaluations 25,849
At 30th November 2023 1,027,365
NET BOOK VALUE
At 30th November 2023 1,027,365
At 30th November 2022 1,001,516

Cost or valuation at 30th November 2023 is represented by:

Listed
investments
£   
Valuation in 2023 155,367
Cost 871,998
1,027,365

CY ALCS LIMITED (REGISTERED NUMBER: 05889005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

If listed investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 871,998 871,998

Listed investments were valued on an open market basis on 30th November 2023 by Hargreaves Lansdown Asset Management Ltd .

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Fine Jewellery 37,450 37,450

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 656,672
NET BOOK VALUE
At 30th November 2023 656,672
At 30th November 2022 656,672

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2023 9,386
Cost 647,286
656,672

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 647,286 647,286

The investment properties were valued on an open market basis on 30th November 2023 by the directors .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 62,086 62,284
Accruals and deferred income 1,749 1,750
63,835 64,034

CY ALCS LIMITED (REGISTERED NUMBER: 05889005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Revaluation of investments 31,303 26,392

Deferred
tax
£   
Balance at 1st December 2022 26,392
Revaluation of investments 4,911
Balance at 30th November 2023 31,303

9. MEMBERS' LIABILITY

As a company limited by guarantee the company does not have share capital. In the event of the winding up or dissolution of the company the members are liable to contribute an amount not exceeding £1 towards the debts and liabilities of the company.

10. RESERVES
Other
reserves
£   
At 1st December 2022 112,512
Other reserves 25,849
Deferred tax on revaluation (4,911 )

At 30th November 2023 133,450

Other reserves represent the unrealised surplus on revaluation of investment properties and listed investments, net of deferred tax.