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REGISTERED NUMBER: 10416170 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

ALDERLEY 1 GB LIMITED

ALDERLEY 1 GB LIMITED (REGISTERED NUMBER: 10416170)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALDERLEY 1 GB LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Mr T R Morgan
Mr W Seddon





REGISTERED OFFICE: Didsbury House
748 Wilmslow Road
Manchester
M20 2DW





REGISTERED NUMBER: 10416170 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ALDERLEY 1 GB LIMITED (REGISTERED NUMBER: 10416170)

BALANCE SHEET
31st October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 2,218,939 1,728,701
Debtors 4 58,638 36,722
Cash at bank 3,191 427
2,280,768 1,765,850
CREDITORS
Amounts falling due within one year 5 (11,301 ) (4,889 )
NET CURRENT ASSETS 2,269,467 1,760,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,269,467

1,760,961

CREDITORS
Amounts falling due after more than one
year

6

(3,639,152

)

(2,704,517

)
NET LIABILITIES (1,369,685 ) (943,556 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (1,369,687 ) (943,558 )
SHAREHOLDERS' FUNDS (1,369,685 ) (943,556 )

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:





Mr T R Morgan - Director


ALDERLEY 1 GB LIMITED (REGISTERED NUMBER: 10416170)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Alderley 1 GB Limited is a private company, limited by shares, registered in England and Wales, registration number 10416170. The address of the registered office and principal place of business is Didsbury House, 748 Wilmslow Road, Greater Manchester, England, M20 2DW.

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.

Going concern
At the reporting date, the company's liabilities exceed its assets. The company is dependent upon a loan from a related party company. The related party company has provided assurance that they will continue to provide financial support to the company for twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its resent location and condition.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised fair value and thereafter stated at amortised cost using theeffective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,754 1,504
Other debtors 56,884 35,218
58,638 36,722

ALDERLEY 1 GB LIMITED (REGISTERED NUMBER: 10416170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 6,682 2,689
Other creditors 4,619 2,200
11,301 4,889

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 3,639,152 2,704,517

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Secured debts 3,639,152 2,704,517

Included within other creditors is a fixed charge and a negative pledge was taken on 3rd February 2017 and 29th July 2020 against the land and property which is held in stock.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

Included within other creditors is a loan owed of £3,639,152 (2022: £2,704,517) to a related party company which is controlled by one of the directors. This loan has an interest rate of 12%.