Alexandria Property Limited 08733302 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true 08733302 2023-05-01 2024-04-30 08733302 2024-04-30 08733302 core:OtherReservesSubtotal 2024-04-30 08733302 core:RetainedEarningsAccumulatedLosses 2024-04-30 08733302 core:ShareCapital 2024-04-30 08733302 core:CurrentFinancialInstruments 2024-04-30 08733302 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08733302 core:FurnitureFittingsToolsEquipment 2024-04-30 08733302 core:OtherPropertyPlantEquipment 2024-04-30 08733302 bus:SmallEntities 2023-05-01 2024-04-30 08733302 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08733302 bus:FullAccounts 2023-05-01 2024-04-30 08733302 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08733302 bus:RegisteredOffice 2023-05-01 2024-04-30 08733302 bus:Director1 2023-05-01 2024-04-30 08733302 bus:Director2 2023-05-01 2024-04-30 08733302 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08733302 core:FurnitureFittings 2023-05-01 2024-04-30 08733302 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08733302 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 08733302 countries:AllCountries 2023-05-01 2024-04-30 08733302 2023-04-30 08733302 core:FurnitureFittingsToolsEquipment 2023-04-30 08733302 core:OtherPropertyPlantEquipment 2023-04-30 08733302 2022-05-01 2023-04-30 08733302 2023-04-30 08733302 core:OtherReservesSubtotal 2023-04-30 08733302 core:RetainedEarningsAccumulatedLosses 2023-04-30 08733302 core:ShareCapital 2023-04-30 08733302 core:CurrentFinancialInstruments 2023-04-30 08733302 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08733302 core:FurnitureFittingsToolsEquipment 2023-04-30 08733302 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 08733302

Alexandria Property Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Alexandria Property Limited
(Registration number: 08733302)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Alexandria Property Limited
(Registration number: 08733302)

Company Information

Directors

Mr G M Ford

Mr T O Ford

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Alexandria Property Limited
(Registration number: 08733302)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

33,991

40,060

Investment property

6

550,000

550,000

 

583,991

590,060

Current assets

 

Debtors

7

8,301

15,070

Cash at bank and in hand

 

16,498

12,678

 

24,799

27,748

Creditors: Amounts falling due within one year

8

(293,960)

(294,133)

Net current liabilities

 

(269,161)

(266,385)

Total assets less current liabilities

 

314,830

323,675

Provisions for liabilities

(48,384)

(49,747)

Net assets

 

266,446

273,928

Capital and reserves

 

Called up share capital

2

2

Other reserves

132,564

132,564

Profit and loss account

133,880

141,362

Total equity

 

266,446

273,928

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Alexandria Property Limited
(Registration number: 08733302)

Balance Sheet as at 30 April 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 November 2024 and signed on its behalf by:
 

.........................................
Mr T O Ford
Director

 

Alexandria Property Limited
(Registration number: 08733302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The Additional Restrictions Grant has been recognised under the accrual model and is credited to other income over the periods in which the compensated costs have been recognised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Alexandria Property Limited
(Registration number: 08733302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Other property, plant and equipment

10% straight line

Fixtures and fittings

10% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Alexandria Property Limited
(Registration number: 08733302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

6,069

6,069

 

Alexandria Property Limited
(Registration number: 08733302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

15,468

45,195

60,663

At 30 April 2024

15,468

45,195

60,663

Depreciation

At 1 May 2023

2,794

17,809

20,603

Charge for the year

1,549

4,520

6,069

At 30 April 2024

4,343

22,329

26,672

Carrying amount

At 30 April 2024

11,125

22,866

33,991

At 30 April 2023

12,674

27,386

40,060

6

Investment properties

2024
£

At 1 May

550,000

Additions

-

Disposals

-

Fair value adjustments

-

At 30 April

550,000


No independent valuation has been carried out in the year. The directors have assessed the fair value of the investment properties based on their extensive knowledge of the local market and have determined that there have been no material changes in fair value in the year.

7

Debtors

2024
£

2023
£

Trade debtors

-

1,250

Other debtors

8,301

13,820

Total current trade and other debtors

8,301

15,070

 

Alexandria Property Limited
(Registration number: 08733302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Creditors

2024
£

2023
£

Due within one year

Trade creditors

1,049

2,184

Taxation and social security

2,935

10,860

Other creditors

289,976

280,597

Accrued expenses

-

492

293,960

294,133