IRIS Accounts Production v24.2.0.383 SC455568 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4555682022-12-31SC4555682023-12-31SC4555682023-01-012023-12-31SC4555682021-12-31SC4555682022-01-012022-12-31SC4555682022-12-31SC455568ns15:Scotland2023-01-012023-12-31SC455568ns14:PoundSterling2023-01-012023-12-31SC455568ns10:Director12023-01-012023-12-31SC455568ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC455568ns10:SmallEntities2023-01-012023-12-31SC455568ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC455568ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC455568ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC455568ns10:FullAccounts2023-01-012023-12-31SC455568ns10:Director22023-01-012023-12-31SC455568ns10:RegisteredOffice2023-01-012023-12-31SC455568ns5:CurrentFinancialInstruments2023-12-31SC455568ns5:CurrentFinancialInstruments2022-12-31SC455568ns5:Non-currentFinancialInstruments2023-12-31SC455568ns5:Non-currentFinancialInstruments2022-12-31SC455568ns5:ShareCapital2023-12-31SC455568ns5:ShareCapital2022-12-31SC455568ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-31SC455568ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31SC455568ns5:RetainedEarningsAccumulatedLosses2023-12-31SC455568ns5:RetainedEarningsAccumulatedLosses2022-12-31SC455568ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC455568ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31SC455568ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31SC455568ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31SC455568ns5:RetainedEarningsAccumulatedLosses2022-12-31SC455568ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31SC455568ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: SC455568 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Alhambra Theatre Landholdings Limited

Alhambra Theatre Landholdings Limited (Registered number: SC455568)






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


Alhambra Theatre Landholdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S Fletcher
Mrs C A Jones





REGISTERED OFFICE: Drumsheugh Toll
2 Belford Road
Edinburgh
EH4 3BL





REGISTERED NUMBER: SC455568 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Alhambra Theatre Landholdings Limited (Registered number: SC455568)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,886,764 2,886,764

CURRENT ASSETS
Debtors 5 53,308 703
Cash at bank 5,015 17,292
58,323 17,995
CREDITORS
Amounts falling due within one year 6 420,276 429,306
NET CURRENT LIABILITIES (361,953 ) (411,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,524,811

2,475,453

CREDITORS
Amounts falling due after more than one year 7 (6,600 ) (11,000 )

PROVISIONS FOR LIABILITIES (557,011 ) (557,011 )
NET ASSETS 1,961,200 1,907,442

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 1,697,989 1,697,989
Retained earnings 8 263,111 209,353
SHAREHOLDERS' FUNDS 1,961,200 1,907,442

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.

Alhambra Theatre Landholdings Limited (Registered number: SC455568)

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 24 September 2024 and were signed on its behalf by:





Mr S Fletcher - Director


Alhambra Theatre Landholdings Limited (Registered number: SC455568)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Alhambra Theatre Landholdings Limited is a private company, limited by shares , registered in Scotland. 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.

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

Investment property
Investment property is shown at most recent valuation. The properties are assessed for any impairment of their carrying value and where required the valuation is adjusted for impairment. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Where a fair value adjustment has been made, the amount has been transferred from retained earnings to a fair value reserve in order to distinguish between distributable and non-distributable reserves.

Depreciation held against investment property is historic depreciation which was incurred before the property was classified as an investment property.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Alhambra Theatre Landholdings Limited (Registered number: SC455568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 2,892,781
DEPRECIATION
At 1 January 2023
and 31 December 2023 6,017
NET BOOK VALUE
At 31 December 2023 2,886,764
At 31 December 2022 2,886,764

Investment property was valued by the directors at 31 December 2023 and is not considered to be materially different from market value.

Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2023 2,892,781

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 248,590 248,590
Aggregate depreciation (6,017 ) (6,017 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 11,895 703
Other debtors 303 -
Prepayments and accrued income 41,110 -
53,308 703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,400 4,400
Trade creditors 1,103 3,288
Tax 29,882 20,549
VAT 7,033 3,775
Other creditors 315,705 336,122
Directors' current accounts 57,281 57,945
Accrued expenses 4,872 3,227
420,276 429,306

Alhambra Theatre Landholdings Limited (Registered number: SC455568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-5 years 6,600 11,000

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 209,353 1,697,989 1,907,342
Profit for the year 102,218 102,218
Dividends (48,460 ) (48,460 )
At 31 December 2023 263,111 1,697,989 1,961,100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £48,460 (2022 - £4,140) were paid to the directors .

Included within creditors due less than 1 year is a balance owed to the directors of £57,281 (2022 - £57,945). This loan is interest free and is repayable upon demand.

Included within other creditors due less than 1 year is a balance of £300,605 (2022: £300,605). This amount is owed to a company of which S Fletcher is also a director. This loan is interest free and is repayable upon demand. The loan is unsecured. No repayments were made during the year.