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Company Registration No. 12014638 (England and Wales)
Alas Developments Ltd Unaudited accounts for the year ended 31 March 2024
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Alas Developments Ltd for the 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 accounts of Alas Developments Ltd for the year ended 31 March 2024 as set out on pages 3 - 5 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Alas Developments Ltd, as a body, in accordance with the terms of our engagement letter dated 18 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Alas Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Alas Developments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alas Developments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Alas Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alas Developments Ltd. You consider that Alas Developments Ltd 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 accounts of Alas Developments Ltd. 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 accounts.
Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA 15 January 2025
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Alas Developments Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,378,922 
1,362,729 
Current assets
Cash at bank and in hand
14,291 
9,955 
Creditors: amounts falling due within one year
(442,368)
(447,304)
Net current liabilities
(428,077)
(437,349)
Total assets less current liabilities
950,845 
925,380 
Creditors: amounts falling due after more than one year
(841,348)
(838,516)
Net assets
109,497 
86,864 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
109,495 
86,862 
Shareholders' funds
109,497 
86,864 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by
L S Sidhu Director Company Registration No. 12014638
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Alas Developments Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Alas Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12014638. The registered office is 75 Coniston Gardens, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% straight line basis
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,355,334 
8,070 
1,363,404 
Additions
17,000 
- 
17,000 
At 31 March 2024
1,372,334 
8,070 
1,380,404 
Depreciation
At 1 April 2023
- 
675 
675 
Charge for the year
- 
807 
807 
At 31 March 2024
- 
1,482 
1,482 
Net book value
At 31 March 2024
1,372,334 
6,588 
1,378,922 
At 31 March 2023
1,355,334 
7,395 
1,362,729 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,800 
9,800 
Taxes and social security
5,900 
10,329 
Other creditors
426,668 
427,175 
442,368 
447,304 
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Alas Developments Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
507,425 
517,171 
Amounts owed to group undertakings and other participating interests
333,923 
321,345 
841,348 
838,516 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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