Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01No description of principal activity0false0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07746707 2023-01-01 2023-12-31 07746707 2022-01-01 2022-12-31 07746707 2023-12-31 07746707 2022-12-31 07746707 c:Director1 2023-01-01 2023-12-31 07746707 d:CurrentFinancialInstruments 2023-12-31 07746707 d:CurrentFinancialInstruments 2022-12-31 07746707 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07746707 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07746707 d:ShareCapital 2023-12-31 07746707 d:ShareCapital 2022-12-31 07746707 c:FRS102 2023-01-01 2023-12-31 07746707 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07746707 c:FullAccounts 2023-01-01 2023-12-31 07746707 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07746707 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07746707










ALEV UK SECURED CREDIT I LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ALEV UK SECURED CREDIT I LIMITED
 
 
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
ALEV UK SECURED CREDIT I LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALEV UK SECURED CREDIT I LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alev UK Secured Credit I Limited for the year ended 31 December 2023 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Alev UK Secured Credit I Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Alev UK Secured Credit I Limited and state those matters that we have agreed to state to the director of Alev UK Secured Credit I Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alev UK Secured Credit I Limited and its director for our work or for this report. 

It is your duty to ensure that Alev UK Secured Credit I Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Alev UK Secured Credit I Limited. You consider that Alev UK Secured Credit I Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Alev UK Secured Credit I Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haysmacintyre LLP
 
10 Queen Street Place
London
EC4R 1AG
30 July 2024
Page 2

 
ALEV UK SECURED CREDIT I LIMITED
REGISTERED NUMBER: 07746707

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
16,493
25,923

Creditors: amounts falling due within one year
 5 
(16,492)
(25,922)

Net current assets
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1


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 statement of comprehensive income 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 30 July 2024.






M G Childress
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
ALEV UK SECURED CREDIT I LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Alev UK Secured Credit I Limited is a private company, limited by shares, registered in England and Wales, registration number 07746707. The address of its registered office is 10 Queen Street Place, London, EC4R 1AG, and its principal place of business is Premier House, 15-19 Church Street West, Woking, GU21 6DJ.The principal activity is financial intermediation.

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:

 
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:

 
2.3

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.

 
2.4

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.

  
2.5

Loan receivables

Applying the principles of FRS 102 Section 1A, the risks and rewards associated with the loan receivables reside with Alev Real Estate Credit I Limited the beneficial owner. Accordingly, the loans and advances and the revenues associated with those loans and advances are not reflected within these financial statements.

  
2.6

Other income

The Company has entered into agreements that entitle it to a full reimbursement of the expenses that it incurs in its role in the administration of loan receivables from Alev Real Estate Credit I Limited. This income is recognised on an accruals basis.

Page 4

 
ALEV UK SECURED CREDIT I LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,493
25,923



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Other creditors
8,671
20,357

Accruals and deferred income
7,821
5,565

16,492
25,922



6.


Related party transactions

The Company has taken advantage of exemptions from disclosing transactions with related companies
under the provisions of Section 33 of FRS 102.

Page 5