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COMPANY REGISTRATION NUMBER: 10618077
Alexander Homes and Developments Ltd
Filleted Unaudited Financial Statements
31 March 2024
Alexander Homes and Developments Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Alexander Homes and Developments Ltd
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Alexander Homes and Developments Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alexander Homes and Developments Ltd for the year ended 31 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
26 November 2024
Alexander Homes and Developments Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
200
Current assets
Stocks
5
1,143,949
1,098,689
Debtors
6
104,217
99,853
Investments
7
5,001
5,001
Cash at bank and in hand
6,794
6,654
------------
------------
1,259,961
1,210,197
Creditors: amounts falling due within one year
8
1,415,635
967,299
------------
------------
Net current (liabilities)/assets
( 155,674)
242,898
---------
---------
Total assets less current liabilities
( 155,474)
242,898
Creditors: amounts falling due after more than one year
9
1,018,898
883,665
------------
---------
Net liabilities
( 1,174,372)
( 640,767)
------------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 1,174,376)
( 640,771)
------------
---------
Shareholders deficit
( 1,174,372)
( 640,767)
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alexander Homes and Developments Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
Mr T. Chastney
Mr C. Boyce
Director
Director
Company registration number: 10618077
Alexander Homes and Developments Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Whiteladies Road, Clifton, Bristol, BS8 2LG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis. This basis may not be appropriate because the company has net liabilities at 31 March 2024 and 31 March 2023. The future of the company is dependent upon the continued support of its creditors. The accounts do not include any provisions for liabilities that may arise if this support is withdrawn.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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 present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in participating interests
£
Cost
At 1 April 2023
Additions
200
----
At 31 March 2024
200
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
200
----
At 31 March 2023
----
5. Stocks
The company has a charge against it's stock known as land at Pool Farm, Wotton Road, Rangeworthy BS37 7NA.
6. Debtors
2024
2023
£
£
Other debtors
104,217
99,853
---------
--------
7. Investments
2024
2023
£
£
Land and property Options
5,001
5,001
-------
-------
Option agreements have been entered into for the purchase of land and property at agreed values, subject to certain conditions being met, and may be exercised at the discretion of the company.
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,103
709,892
Trade creditors
187,840
5,050
Amounts owed to group undertakings and undertakings in which the company has a participating interest
956,923
Social security and other taxes
18,093
Other loans
100,000
Other creditors
242,676
152,357
------------
---------
1,415,635
967,299
------------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,528
25,631
Other loans
117,543
Other creditors
1,003,370
740,491
------------
---------
1,018,898
883,665
------------
---------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr T. Chastney
( 277,858)
( 257,879)
( 535,737)
Mr C. Boyce
( 302,633)
( 5,000)
( 307,633)
Mr J. Boyce
( 160,000)
( 160,000)
---------
---------
------------
( 740,491)
( 262,879)
( 1,003,370)
---------
---------
------------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr T. Chastney
( 218,664)
( 59,194)
( 277,858)
Mr C. Boyce
( 243,439)
( 59,194)
( 302,633)
Mr J. Boyce
( 160,000)
( 160,000)
---------
---------
---------
( 622,103)
( 118,388)
( 740,491)
---------
---------
---------