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Company No: 06177788 (England and Wales)

ALLERTON PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ALLERTON PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ALLERTON PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
ALLERTON PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS James Patrick Beale
Paul Stephen Beale
Scott James Beale
SECRETARY James Patrick Beale
REGISTERED OFFICE Briony Cottage
Healey
Ripon
HG4 4LH
United Kingdom
COMPANY NUMBER 06177788 (England and Wales)
ACCOUNTANT Jones & Co of York Ltd
Wellington House
Aviator Court
York
YO30 4UZ
ALLERTON PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2024
ALLERTON PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 239,864 239,896
239,864 239,896
Current assets
Debtors 4 277 205
Cash at bank and in hand 5 36,359 36,516
36,636 36,721
Creditors: amounts falling due within one year 6 ( 212,286) ( 207,009)
Net current liabilities (175,650) (170,288)
Total assets less current liabilities 64,214 69,608
Creditors: amounts falling due after more than one year 7 ( 11,557) ( 11,557)
Net assets 52,657 58,051
Capital and reserves
Called-up share capital 8 300 300
Profit and loss account 52,357 57,751
Total shareholders' funds 52,657 58,051

For the financial 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.

Directors' responsibilities:

The financial statements of Allerton Properties Limited (registered number: 06177788) were approved and authorised for issue by the Board of Directors on 07 November 2024. They were signed on its behalf by:

Scott James Beale
Director
ALLERTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ALLERTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Allerton Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Briony Cottage, Healey, Ripon, HG4 4LH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

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

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2023 236,955 1,576 12,000 629 251,160
Additions 0 230 509 0 739
At 31 March 2024 236,955 1,806 12,509 629 251,899
Accumulated depreciation
At 01 April 2023 0 1,343 9,557 364 11,264
Charge for the financial year 0 63 642 66 771
At 31 March 2024 0 1,406 10,199 430 12,035
Net book value
At 31 March 2024 236,955 400 2,310 199 239,864
At 31 March 2023 236,955 233 2,443 265 239,896

4. Debtors

2024 2023
£ £
Other debtors 277 205

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 36,359 36,516

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 292 502
Taxation and social security ( 794) 585
Other creditors 212,788 205,922
212,286 207,009

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 11,557 11,557

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each 300 300