Company registration number 11383998 (England and Wales)
ALYSSUM (SOUTH WEST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
ALYSSUM (SOUTH WEST) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ALYSSUM (SOUTH WEST) LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
997,000
997,000
Current assets
Debtors
4
14,267
11,520
Cash at bank and in hand
33,232
8,408
47,499
19,928
Creditors: amounts falling due within one year
5
(739,353)
(762,013)
Net current liabilities
(691,854)
(742,085)
Total assets less current liabilities
305,146
254,915
Provisions for liabilities
(26,053)
(26,053)
Net assets
279,093
228,862
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
6
78,160
-
0
Profit and loss reserves
200,833
228,762
Total equity
279,093
228,862

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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 and signed by the director and authorised for issue on 21 October 2024
Miss R R Hellings
Director
Company registration number 11383998 (England and Wales)
ALYSSUM (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Alyssum (South West) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for rental income.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
ALYSSUM (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 June 2023 and 31 May 2024
997,000

The fair value of the investment property as at 31 May 2024 has been arrived at using an open market value basis by the director of the company by reference to similar properties in the same area. The value of the property at original cost is £892,787.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
14,267
11,520
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
1,644
Taxation and social security
12,981
8,906
Other creditors
726,372
751,463
739,353
762,013
6
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
78,160
-
Non distributable profits in the year
-
78,160
At the end of the year
78,160
78,160
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