Registration number:
Alco Estates Limited
for the Year Ended 31 December 2023
Alco Estates Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Alco Estates Limited
Company Information
Directors |
Mr Alexander Graham Guy Henshaw Mrs Judith Margaret Henshaw |
Registered office |
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Solicitors |
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Alco Estates Limited
(Registration number: 00478747)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Other financial assets |
5,311,085 |
5,033,173 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
5,000 |
5,000 |
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Revaluation reserve |
5,931,407 |
5,931,152 |
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Other reserves |
(283,828) |
(509,561) |
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Retained earnings |
5,905,575 |
5,978,884 |
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Shareholders' funds |
11,558,154 |
11,405,475 |
For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Alco Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The Company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in sterling and are rounded to the nearest pound.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
Depreciation not provided on freehold land and buildings |
Alco Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Plant and machinery |
20% per annum on net book value |
Fixtures and fittings |
25% per annum on net book value |
Other tangibles |
15% per annum on net book value |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
Pension
The company contributes into the directors individual pensions. The amounts paid in the year are recognised in the profit and loss account.
Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Other Tangible assets |
Total |
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Cost or valuation |
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At 1 January 2023 |
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Revaluations |
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- |
- |
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Disposals |
( |
- |
- |
( |
At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
- |
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Charge for the year |
- |
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- |
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At 31 December 2023 |
- |
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Carrying amount |
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At 31 December 2023 |
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- |
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At 31 December 2022 |
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- |
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Revaluation
The fair value of the Company's Investment land and properties was revalued on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £
Alco Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 January 2023 |
5,033,173 |
5,033,173 |
Fair value adjustments |
419,962 |
419,962 |
Additions |
1,026,935 |
1,026,935 |
Disposals |
(1,168,985) |
(1,168,985) |
At 31 December 2023 |
5,311,085 |
5,311,085 |
Impairment |
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Carrying amount |
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At 31 December 2023 |
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5,311,085 |
The fair value of the listed investments has been determined by using the market value of the investment provided by the stockbroker at the year end.
The fair value is £5,311,085 (2022: £5,033,173) and change in value included in the profit and loss account is £419,961(Credit) (2022 (£444,251(Debit)).
Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Other debtors |
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Details of non-current trade and other debtors
£88,370 (2022 -£88,985) of Trade Debtors is classified as non current.
Alco Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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