REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023 |
FOR |
ALDERLEY 1 GB LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
ALDERLEY 1 GB LIMITED (REGISTERED NUMBER: 10416170) |
BALANCE SHEET |
31st October 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
Other debtors |
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 |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
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: | £ | £ |
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%. |