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REGISTERED NUMBER: 10369452 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ALCANTARA PROPERTIES LIMITED

ALCANTARA PROPERTIES LIMITED (REGISTERED NUMBER: 10369452)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ALCANTARA PROPERTIES LIMITED (REGISTERED NUMBER: 10369452)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,515 4,466
Investment property 5 4,525,000 4,525,000
4,528,515 4,529,466

CURRENT ASSETS
Debtors 6 3,874 -
Cash at bank 276,159 124,941
280,033 124,941
CREDITORS
Amounts falling due within one year 7 (423,766 ) (58,936 )
NET CURRENT (LIABILITIES)/ASSETS (143,733 ) 66,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,384,782

4,595,471

CREDITORS
Amounts falling due after more than one
year

8

(1,367,000

)

(1,617,000

)

PROVISIONS FOR LIABILITIES (68,402 ) (68,562 )
NET ASSETS 2,949,380 2,909,909

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 2,249,000 2,249,000
Fair value reserve 354,458 354,458
Retained earnings 342,922 303,451
2,949,380 2,909,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

ALCANTARA PROPERTIES LIMITED (REGISTERED NUMBER: 10369452)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 7 September 2024 and were signed on its behalf by:





A J Davey - Director


ALCANTARA PROPERTIES LIMITED (REGISTERED NUMBER: 10369452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Alcantara Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10369452

Registered office: The Lees
Broadlands
Keymer Road
Burgess Hill
West Sussex
RH15 0BA

The presentation currency of the financial statements is the Pound Sterling (£).


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 rental income and consultancy income due in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

ALCANTARA PROPERTIES LIMITED (REGISTERED NUMBER: 10369452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 12,594 3,953 16,547
DEPRECIATION
At 1 March 2023 9,293 2,788 12,081
Charge for year 660 291 951
At 29 February 2024 9,953 3,079 13,032
NET BOOK VALUE
At 29 February 2024 2,641 874 3,515
At 28 February 2023 3,301 1,165 4,466

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 4,525,000
NET BOOK VALUE
At 29 February 2024 4,525,000
At 28 February 2023 4,525,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2018 140,000
Valuation in 2020 (13,254 )
Valuation in 2021 31,114
Valuation in 2022 80,000
Valuation in 2023 185,000
Cost 4,102,140
4,525,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 3,874 -

ALCANTARA PROPERTIES LIMITED (REGISTERED NUMBER: 10369452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 250,000 -
Tax 10,622 10,716
Other creditors 20,799 19,799
Directors' current accounts 113,953 4,442
Accruals and deferred income 28,392 23,979
423,766 58,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 612,000 250,000
Bank loans - 2-5 years 755,000 1,367,000
1,367,000 1,617,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,617,000 1,617,000

The bank loan is secured against the investment properties.