COMPANY REGISTRATION NUMBER:
11545859
Alpine Properties (2018) Limited |
|
Filleted Unaudited Financial Statements |
|
Alpine Properties (2018) Limited |
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Investments |
4 |
5,949,373 |
5,949,373 |
|
|
|
|
Current assets
Creditors: amounts falling due within one year |
6 |
3,233 |
2,368 |
|
------- |
------- |
Net current liabilities |
3,133 |
2,268 |
|
------------ |
------------ |
Total assets less current liabilities |
5,946,240 |
5,947,105 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Share premium account |
7 |
4,517,773 |
4,517,773 |
Profit and loss account |
7 |
1,428,367 |
1,429,232 |
|
------------ |
------------ |
Shareholder funds |
5,946,240 |
5,947,105 |
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------------ |
------------ |
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|
|
|
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 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
9 January 2025
, and are signed on behalf of the board by:
Company registration number:
11545859
Alpine Properties (2018) Limited |
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Notes to the Financial Statements |
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Year ended 30 April 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 C/O Edwards Veeder (UK) Limited, Ground Floor, 4 Broadgate, Broadway Business Park, Chadderton, Oldham, OL9 9XA, England.
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 historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 May 2023 and 30 April 2024 |
5,949,373 |
|
------------ |
Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
|
------------ |
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Carrying amount |
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At 30 April 2024 |
5,949,373 |
|
------------ |
At 30 April 2023 |
5,949,373 |
|
------------ |
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At 30th April 2020 the company had the following wholly owned subsidiary. The registered office is C/O Edwards Veeder (UK) Limited, Ground Floor, 4 Broadgate, Broadway Business Park, Chadderton, Oldham OL9 9XA.
Subsidiaries, associates and other investments
|
Class of share |
Percentage of shares held |
Subsidiary undertakings |
|
|
Alpine Properties (2007) Limited |
Ordinary |
100 |
|
|
|
The results and capital and reserves for the year are as follows:
|
Capital and reserves |
Profit/(loss) for the year |
|
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
Subsidiary undertakings |
|
|
|
|
Alpine Properties (2007) Limited |
5,959,151 |
5,949,373 |
82,778 |
792,196 |
|
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5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
100 |
100 |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
3,233 |
2,368 |
|
------- |
------- |
|
|
|
7.
Reserves
Share premium account - This reserve records the amount above the nominal value received for shares sold. Profit and loss account - This reserve records retained earnings and accumulated losses.
8.
Related party transactions
The company was under the control of Mrs. A. Walker throughout the current and previous period. Mrs. A. Walker is a director and sole shareholder. During the year the company paid dividends to the director of £73,000 (2023: £83,000).