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REGISTERED NUMBER: 09838900 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALPHACOAST LIMITED

ALPHACOAST LIMITED (REGISTERED NUMBER: 09838900)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALPHACOAST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs L Herbert
Mr M R Herbert
Mrs K J Price
Mr D C Price





REGISTERED OFFICE: 75 Waterside Road
Hamilton
Leicester
Leicestershire
LE5 1TL





REGISTERED NUMBER: 09838900 (England and Wales)

ALPHACOAST LIMITED (REGISTERED NUMBER: 09838900)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 638,700 638,700
638,701 638,701

CURRENT ASSETS
Debtors 6 55,612 42,139
Cash at bank and in hand 9,858 2,417
65,470 44,556
CREDITORS
Amounts falling due within one year 7 158,783 136,458
NET CURRENT LIABILITIES (93,313 ) (91,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

545,388

546,799

CREDITORS
Amounts falling due after more than one
year

8

112,279

130,768
NET ASSETS 433,109 416,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 433,009 415,931
433,109 416,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ALPHACOAST LIMITED (REGISTERED NUMBER: 09838900)

BALANCE SHEET - continued
31 DECEMBER 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 25 September 2024 and were signed on its behalf by:




Mr D C Price - Director



Mr M R Herbert - Director


ALPHACOAST LIMITED (REGISTERED NUMBER: 09838900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Alphacoast Limited 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.

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.

The company is the parent undertaking of a small group and as such is not required under the Companies Act 2006 to prepare group accounts.

Turnover
Turnover represents net invoiced rentals during the period. It is recognised in line with the period of the rental concerned.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade 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.

Operating leases
Rental income from operating leases is credited to the income statement on a straight line basis over the lease term.

ALPHACOAST LIMITED (REGISTERED NUMBER: 09838900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 638,700
NET BOOK VALUE
At 31 December 2023 638,700
At 31 December 2022 638,700

The 2023 valuations were made by the directors on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 55,312 41,839
VAT 300 300
55,612 42,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,846 15,846
Amounts owed to group undertakings 114,937 76,434
Taxation 4,832 14,738
Other creditors - 6,527
Directors' current accounts 20,248 20,248
Accruals and deferred income 2,920 2,665
158,783 136,458

ALPHACOAST LIMITED (REGISTERED NUMBER: 09838900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,846 15,846
Bank loans - 2-5 years 47,538 47,538
Bank loans more than 5 years
by instalment 48,895 67,384
112,279 130,768

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 48,895 67,384
48,895 67,384

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 93,029 105,495

10. RELATED PARTY DISCLOSURES

The company made rental charges during the year to Alpha Air Ventilation Services Limited amounting to £10,000 (2022 - £10,000). Mr D Price and Mrs K Price are both shareholders and directors of Alpha Air Ventilation Services Limited. At the end of the period there was an amount owed from Alpha Air Ventilation Services Limited of £51,839 (2022 - £41,839).

The company made rental charges during the year to Alpha Air Ventilation Supplies Limited amounting to £10,000 (2022 - £10,000). Mr M Herbert and Mrs L Herbert are both shareholders and directors of Alpha Air Ventilation Supplies Limited. At the end of the period there was an amount owed from Alpha Air Ventilation Supplies Limited of £3,473 (2022 - £6,527 credit balance).

At the end of the period an amount of £20,248 (2022 - £20,248) was owed to the directors of the company.

No interest was charged on the above balances.