Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI011434 Mr Mark Robin Alexander Mr Peter Alexander Mr David John Megrath Mr Peter Alexander Mark and Peter Alexander true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI011434 2023-03-31 NI011434 2024-03-31 NI011434 2023-04-01 2024-03-31 NI011434 frs-core:CurrentFinancialInstruments 2024-03-31 NI011434 frs-core:Non-currentFinancialInstruments 2024-03-31 NI011434 frs-core:BetweenOneFiveYears 2024-03-31 NI011434 frs-core:FurnitureFittings 2024-03-31 NI011434 frs-core:FurnitureFittings 2023-04-01 2024-03-31 NI011434 frs-core:FurnitureFittings 2023-03-31 NI011434 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 NI011434 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI011434 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 NI011434 frs-core:PlantMachinery 2024-03-31 NI011434 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI011434 frs-core:PlantMachinery 2023-03-31 NI011434 frs-core:WithinOneYear 2024-03-31 NI011434 frs-core:CapitalRedemptionReserve 2024-03-31 NI011434 frs-core:RevaluationReserve 2023-04-01 2024-03-31 NI011434 frs-core:RevaluationReserve 2023-03-31 NI011434 frs-core:RevaluationReserve 2024-03-31 NI011434 frs-core:ShareCapital 2024-03-31 NI011434 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI011434 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI011434 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI011434 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI011434 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI011434 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI011434 1 2023-04-01 2024-03-31 NI011434 frs-core:CostValuation 2023-03-31 NI011434 frs-core:CostValuation 2024-03-31 NI011434 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 NI011434 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 NI011434 frs-bus:Director1 2023-04-01 2024-03-31 NI011434 frs-bus:Director1 2023-03-31 NI011434 frs-bus:Director1 2024-03-31 NI011434 frs-bus:Director2 2023-04-01 2024-03-31 NI011434 frs-bus:Director2 2023-03-31 NI011434 frs-bus:Director2 2024-03-31 NI011434 frs-bus:Director3 2023-04-01 2024-03-31 NI011434 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 NI011434 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI011434 2022-03-31 NI011434 2023-03-31 NI011434 2022-04-01 2023-03-31 NI011434 frs-core:CurrentFinancialInstruments 2023-03-31 NI011434 frs-core:Non-currentFinancialInstruments 2023-03-31 NI011434 frs-core:BetweenOneFiveYears 2023-03-31 NI011434 frs-core:WithinOneYear 2023-03-31 NI011434 frs-core:CapitalRedemptionReserve 2023-03-31 NI011434 frs-core:RevaluationReserve 2023-03-31 NI011434 frs-core:ShareCapital 2023-03-31 NI011434 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI011434
The Alexander Group Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: NI011434
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 611,935 637,973
Investment Properties 5 717,950 717,950
Investments 6 200 200
1,330,085 1,356,123
CURRENT ASSETS
Debtors 7 834,146 839,650
Cash at bank and in hand 58,728 101,098
892,874 940,748
Creditors: Amounts Falling Due Within One Year 8 (1,212,960 ) (1,492,161 )
NET CURRENT ASSETS (LIABILITIES) (320,086 ) (551,413 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,009,999 804,710
Creditors: Amounts Falling Due After More Than One Year 9 (246,519 ) (30,415 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (69,002 ) (73,358 )
NET ASSETS 694,478 700,937
CAPITAL AND RESERVES
Called up share capital 12 14,218 14,218
Revaluation reserve 14 174,668 182,961
Capital redemption reserve 37,827 37,827
Profit and Loss Account 467,765 465,931
SHAREHOLDERS' FUNDS 694,478 700,937
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Robin Alexander
Director
26 September 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Alexander Group Holdings Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI011434 . The registered office is Unit 20 Blaris Industrial Estate, Altona Road, Lisburn, Co Antrim, BT27 5QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 5% on cost
Fixtures & Fittings 20% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 645,000 55,928 187,226 888,154
Additions - - 816 816
As at 31 March 2024 645,000 55,928 188,042 888,970
Depreciation
As at 1 April 2023 89,100 22,368 138,713 250,181
Provided during the period 9,900 2,796 14,158 26,854
As at 31 March 2024 99,000 25,164 152,871 277,035
Net Book Value
As at 31 March 2024 546,000 30,764 35,171 611,935
As at 1 April 2023 555,900 33,560 48,513 637,973
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Cost or valuation as at 31 March 2024 represented by:
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 384,000 55,928 188,042 627,970
At valuation 261,000 - - 261,000
645,000 55,928 188,042 888,970
The company revalued the property in 2014 on transition to FRS 102 and availed of the exemption to treat that valuation as deemed cost.
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 717,950
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 707,421 707,421
6. Investments
Subsidiaries
£
Cost
As at 1 April 2023 200
As at 31 March 2024 200
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 200
As at 1 April 2023 200
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 834,146 839,650
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,002 7,360
Trade creditors 35,779 6,852
Other loans 60,000 -
Amounts owed to group undertakings 1,092,237 1,436,744
Other creditors 12,785 9,163
Taxation and social security 1,157 32,042
1,212,960 1,492,161
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,519 30,415
Other loans 235,000 -
246,519 30,415
10. Secured Creditors
Under group banking arrangements group borrowings are secured by fixed charges over the premises and book debts and by floating charges over other assets of the group companies and are repayable on demand.
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,254 15,257
Later than one year and not later than five years 11,519 30,415
26,773 45,672
Less: Finance charges allocated to future periods 4,252 7,897
22,521 37,775
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 14,218 14,218
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Mark Alexander 228,181 163,335 170,000 - 221,516
Mr Peter Alexander 150,922 176,621 170,000 - 157,543
Loan balances are repayable on demand. The interest rate applied is the official rate for beneficial loan arrangements. 
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14. Reserves
Revaluation Reserve
£
As at 1 April 2023 182,961
Transfer to profit and loss (8,293 )
As at 31 March 2024 174,668
15. Related Party Transactions
Management Charges Received
£
Loan Balances owed to/ (by) The Alexander Group Holdings Limited
£
Transactions with subsidiaries
450,000
(1,092,237)
Dividends toalling £340,000 were paid to two of the Directors during the year.
16. Ultimate Controlling Party
The company's ultimate controlling party are Mark and Peter Alexander by virtue of their ownership of 100% of the issued share capital in the company.
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