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REGISTERED NUMBER: 12303469 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 November 2023

for

Alexandra Road Property Ltd

Alexandra Road Property Ltd (Registered number: 12303469)






Contents of the Financial Statements
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alexandra Road Property Ltd

Company Information
for the Year Ended 29 November 2023







DIRECTORS: L E Boys
Miss J L Woollard





REGISTERED OFFICE: 1 Sopwith Crescent
Wickford
Essex
SS11 8YU





REGISTERED NUMBER: 12303469 (England and Wales)





ACCOUNTANTS: Sygma Chartered Accountants
1 Sopwith Crescent
Wickford
Essex
SS11 8YU

Alexandra Road Property Ltd (Registered number: 12303469)

Balance Sheet
29 November 2023

29.11.23 29.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181 226
Investment property 5 620,000 620,000
620,181 620,226

CURRENT ASSETS
Debtors 6 - 825
Cash at bank 1,524 3,159
1,524 3,984
CREDITORS
Amounts falling due within one year 7 75,506 78,945
NET CURRENT LIABILITIES (73,982 ) (74,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,199

545,265

CREDITORS
Amounts falling due after more than
one year

8

(385,249

)

(390,801

)

PROVISIONS FOR LIABILITIES (30,571 ) (29,339 )
NET ASSETS 130,379 125,125

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,279 125,025
SHAREHOLDERS' FUNDS 130,379 125,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

Alexandra Road Property Ltd (Registered number: 12303469)

Balance Sheet - continued
29 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 29 August 2024 and were signed on its behalf by:





L E Boys - Director


Alexandra Road Property Ltd (Registered number: 12303469)

Notes to the Financial Statements
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

Alexandra Road Property Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Alexandra Road Property Ltd (Registered number: 12303469)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 November 2022
and 29 November 2023 354
DEPRECIATION
At 30 November 2022 128
Charge for year 45
At 29 November 2023 173
NET BOOK VALUE
At 29 November 2023 181
At 29 November 2022 226

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2022
and 29 November 2023 620,000
NET BOOK VALUE
At 29 November 2023 620,000
At 29 November 2022 620,000

Fair value at 29 November 2023 is represented by:
£   
Valuation in 2021 176,700
Cost 443,300
620,000

Alexandra Road Property Ltd (Registered number: 12303469)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

29.11.23 29.11.22
£    £   
Cost 443,300 443,300

Investment property was valued on an open market basis on 30 November 2023 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Other debtors - 825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Bank loans and overdrafts 5,830 6,027
Other creditors 69,676 72,918
75,506 78,945

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.11.23 29.11.22
£    £   
Bank loans 385,249 390,801

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 358,684 364,278

9. SECURED DEBTS

The following secured debts are included within creditors:

29.11.23 29.11.22
£    £   
Bank loans 391,079 396,828

At 29th November 2022 Onesavings Bank PLC held a mortgage charge over the company's rental property. At 30th November 2021 a similar charge was held by the same lender.