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REGISTERED NUMBER: 11674393 (England and Wales)












CHARLES ALEXANDER ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CHARLES ALEXANDER ESTATES LTD (REGISTERED NUMBER: 11674393)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHARLES ALEXANDER ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs J V Kirton





REGISTERED OFFICE: 65 Frobisher Drive
Lytham St. Annes
FY8 2RG





REGISTERED NUMBER: 11674393 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

CHARLES ALEXANDER ESTATES LTD (REGISTERED NUMBER: 11674393)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157 508
Investment property 5 815,000 968,000
815,157 968,508

CURRENT ASSETS
Debtors - 4,450
Cash at bank 947 476
947 4,926
CREDITORS
Amounts falling due within one year 203,136 192,830
NET CURRENT LIABILITIES (202,189 ) (187,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,968

780,604

CREDITORS
Amounts falling due after more than
one year

6

(581,225

)

(740,568

)

PROVISIONS FOR LIABILITIES (14,759 ) (16,458 )
NET ASSETS 16,984 23,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,884 23,478
SHAREHOLDERS' FUNDS 16,984 23,578

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 director acknowledges her 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.

CHARLES ALEXANDER ESTATES LTD (REGISTERED NUMBER: 11674393)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Mrs J V Kirton - Director


CHARLES ALEXANDER ESTATES LTD (REGISTERED NUMBER: 11674393)

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

1. STATUTORY INFORMATION

Charles Alexander Estates Ltd 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.

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.

These financial statements are presented in Sterling, which is the functional currency of the company. Monetary values in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on 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.

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.

CHARLES ALEXANDER ESTATES LTD (REGISTERED NUMBER: 11674393)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 6,758
DEPRECIATION
At 1 January 2023 6,250
Charge for year 351
At 31 December 2023 6,601
NET BOOK VALUE
At 31 December 2023 157
At 31 December 2022 508

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 968,000
Additions 5,000
Disposals (178,000 )
Revaluations 20,000
At 31 December 2023 815,000
NET BOOK VALUE
At 31 December 2023 815,000
At 31 December 2022 968,000

CHARLES ALEXANDER ESTATES LTD (REGISTERED NUMBER: 11674393)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 20,000
Valuation in 2022 51,050
Valuation in 2020 40,000
Cost 703,950
815,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 572,471 730,232

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 584,847 743,593

Bank loans are secured by mortgages over the company's investment properties.