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
Alas Developments Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,378,922
1,362,729
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)
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
Alas Developments Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2024
1,372,334
8,070
1,380,404
Charge for the year
-
807
807
At 31 March 2024
-
1,482
1,482
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
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
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).