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REGISTERED NUMBER: 00772307 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

A. L. G. INVESTMENTS (WIGAN) LIMITED

A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


A. L. G. INVESTMENTS (WIGAN) LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr T J Smith
Mrs F Gibson



SECRETARY: Mrs F Gibson



REGISTERED OFFICE: Hillside
Thornhill
Standish
Wigan
Lancashire
WN1 2RZ



REGISTERED NUMBER: 00772307 (England and Wales)



ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG



BANKERS: Handelsbanken
Unit 5
Beecham Court
Wigan
WN3 6PR



SOLICITORS: McCarthy Bennett Holland
Wigan Investment Centre
Waterside Drive
Wigan
WN3 5BA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A. L. G. Investments (Wigan) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A. L. G. Investments (Wigan) Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A. L. G. Investments (Wigan) Limited, as a body, in accordance with the terms of our engagement letter dated 23 October 2018. Our work has been undertaken solely to prepare for your approval the financial statements of A. L. G. Investments (Wigan) Limited and state those matters that we have agreed to state to the Board of Directors of A. L. G. Investments (Wigan) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. L. G. Investments (Wigan) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A. L. G. Investments (Wigan) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A. L. G. Investments (Wigan) Limited. You consider that A. L. G. Investments (Wigan) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A. L. G. Investments (Wigan) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


17 October 2024

A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,409 57,235
Investment property 5 2,668,896 2,668,896
2,737,305 2,726,131

CURRENT ASSETS
Debtors 6 1,588,633 1,447,514
Cash at bank and in hand 64,205 108,256
1,652,838 1,555,770
CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR

7

193,923

107,491
NET CURRENT ASSETS 1,458,915 1,448,279
TOTAL ASSETS LESS CURRENT LIABILITIES 4,196,220 4,174,410

PROVISIONS FOR LIABILITIES 4,040 4,040
NET ASSETS 4,192,180 4,170,370

CAPITAL AND RESERVES
Called up share capital 99 99
Revaluation reserve 8 1,746,899 1,746,899
Capital redemption reserve 8 1 1
Retained earnings 8 2,445,181 2,423,371
SHAREHOLDERS' FUNDS 4,192,180 4,170,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr T J Smith - Director


A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

A. L. G. Investments (Wigan) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 187,678 177,374 15,092 380,144
Additions 46,013 865 - 46,878
At 31 August 2024 233,691 178,239 15,092 427,022
DEPRECIATION
At 1 September 2023 147,283 161,299 14,327 322,909
Charge for year 32,972 2,541 191 35,704
At 31 August 2024 180,255 163,840 14,518 358,613
NET BOOK VALUE
At 31 August 2024 53,436 14,399 574 68,409
At 31 August 2023 40,395 16,075 765 57,235

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 2,668,896
NET BOOK VALUE
At 31 August 2024 2,668,896
At 31 August 2023 2,668,896

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2002 1,181,230
Valuation in 2014 565,669
Cost 921,997
2,668,896

A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 921,997 921,997

The investment properties were valued on a fair value basis on 31 August 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 11,455 11,429
ALG Homes Limited 808,229 846,391
Wigan Workspace 714,449 530,576
TASK Homes 54,500 59,118
1,588,633 1,447,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 13,672 29,873
Tax 15,079 15,805
Social security and other taxes 867 1,181
Other creditors 15,587 9,642
Directors' loan accounts 58,695 46,195
Accruals and deferred income 90,023 4,795
193,923 107,491

8. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 September 2023 2,423,371 1,746,899 1 4,170,271
Profit for the year 56,810 56,810
Dividends (35,000 ) (35,000 )
At 31 August 2024 2,445,181 1,746,899 1 4,192,081

A. L. G. INVESTMENTS (WIGAN) LIMITED (REGISTERED NUMBER: 00772307)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


9. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £40,000) were paid to the directors .

ALG Homes Limited is a company under common control. During the year the company made loan advances to ALG Homes Limited amounting to £32,824 (2023: 34,801). The company also collected rents of £70,986 (2023: £67,610) on behalf of ALG Homes Limited which have been taken as repayments on the loans. The balance due from ALG Homes Limited as at 31 August 2024 was £808,229 (2023: £846,391).

Wigan Workspace Limited is a company with directors in common. During the year, the company made loans to Wigan Workspace Limited of £163,773 (2023: £506,576) and charged rent of £20,100 (2023: £nil). The balance due from Wigan Workspace Ltd at 31 August 2024 was £714,449 (2023: £530,576).

TASK Homes is a company related by directors in common. During the year the company received loan repayments from TASK Homes Limited amounting to £4,418 (2023: made loan advances of £59,118). The balance due from TASK Homes Limited as at 31 August 2024 was £54,500 (2023: £59,118).