Company registration number 09515447 (England and Wales)
ALEXANDRA SECURITIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ALEXANDRA SECURITIES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ALEXANDRA SECURITIES LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
290,415
528,213
Current assets
Debtors
5
462,000
462,000
Creditors: amounts falling due within one year
6
(532,163)
(531,950)
Net current liabilities
(70,163)
(69,950)
Net assets
220,252
458,263
Capital and reserves
Called up share capital
7
39,798
39,798
Share premium account
1,624,163
1,624,163
Profit and loss reserves
(1,443,709)
(1,205,698)
Total equity
220,252
458,263
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
R J Rowlinson
Director
Company Registration No. 09515447
ALEXANDRA SECURITIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Alexandra Securities Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Gorvins Solicitors Dale House, Tiviot Dale, Stockport, Cheshire, SK1 1TA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
ALEXANDRA SECURITIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
290,415
528,213
ALEXANDRA SECURITIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 April 2023 & 31 March 2024
947,432
Impairment
At 1 April 2023
419,219
Impairment losses
237,798
At 31 March 2024
657,017
Carrying amount
At 31 March 2024
290,415
At 31 March 2023
528,213
4
Associates
Details of the company's fixed asset investments at 31 March 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Crewe Alexandra Group Limited
England and Wales
Ordinary
18.47
-
The Crewe Alexandra Football Club Company Limited
England and Wales
Ordinary
0
18.47
Station Park (Crewe) Limited
England and Wales
Ordinary
0
18.47
Alexandra Stadium (Crewe) Limited
England and Wales
Ordinary
0
18.47
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts due from related entities
462,000
462,000
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts due to related entities
532,163
531,950
ALEXANDRA SECURITIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
39,798
39,798
39,798
39,798
8
Related party transactions
At the balance sheet date, the company owed £532,163 (2023: £531,950) to an entity under common control.
At the balance sheet date, the company was owed £462,000 (2023: £412,000) by The Crewe Alexandra Football Club Company Limited, a company in which Alexandra Securities Limited holds an indirect 18.47% interest. This loan is interest free and secured on certain assets of The Crewe Alexandra Football Club Company Limited.
At the balance sheet date, the company was owed £nil (2023: £50,000) by a fellow director at The Crewe Alexandra Football Club Company Limited.
The above balances are repayable in full or part at any time on demand.