Company Registration No. 10604212 (England and Wales)
Alden Legal Limited
Unaudited accounts
for the year ended 31 March 2024
Alden Legal Limited
Unaudited accounts
Contents
Alden Legal Limited
Company Information
for the year ended 31 March 2024
Directors
A J Monk
J E Wheeler
Company Number
10604212 (England and Wales)
Registered Office
126 New Kings Road
London
SW6 4LZ
England
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Alden Legal Limited
Statement of financial position
as at 31 March 2024
Intangible assets
2,875
2,875
Cash at bank and in hand
123,779
146
Creditors: amounts falling due within one year
(99,027)
(76,243)
Net current assets
168,282
77,512
Called up share capital
1
1
Profit and loss account
171,156
82,096
Shareholders' funds
171,157
82,097
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
J E Wheeler
Director
Company Registration No. 10604212
Alden Legal Limited
Notes to the Accounts
for the year ended 31 March 2024
Alden Legal Limited is a private company, limited by shares, registered in England and Wales, registration number 10604212. The registered office is 126 New Kings Road, London, SW6 4LZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Rendering of Services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Interest income is recognised in profit or loss using the effective interest method.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Alden Legal Limited
Notes to the Accounts
for the year ended 31 March 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Short term debtors are measured at transaction price, less any impairment. Loans receivable measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loan, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at the annual general meeting.
4
Intangible fixed assets
Other
Alden Legal Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
74,776
81,267
Accrued income and prepayments
13,000
15,946
Other debtors
55,754
53,344
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
17,099
Trade creditors
18,250
34,745
Taxes and social security
60,417
18,431
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Transactions with related parties
Included in other debtors, an amount of £36,940 (2023: £34,529) was due from Alden Advisers Limited, a company under common directorship. This balance is unsecured, interest free and repayable on demand.
The company is controlled by Anderson Searle Holdings Limited, a company incorporated in the United Kingdom which is under the control of J E Wheeler, by virtue of its majority shareholding in the company.
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Average number of employees
During the year the average number of employees was 3 (2023: 4).