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Registration number: 11943481

Aldborough Road South Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Aldborough Road South Ltd

Company Information

Director

Mr Devshi Duda Chandegra

Registered office

9 Berners Place
London
W1T 3AD

Accountants

Mehta & Tengra 9 Berners Place
London
W1T 3AD

 

Aldborough Road South Ltd

(Registration number: 11943481)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

11,762

13,838

Investment property

6

994,809

994,809

 

1,006,571

1,008,647

Current assets

 

Cash at bank and in hand

 

147,358

108,739

Creditors: Amounts falling due within one year

7

(174,530)

(171,079)

Net current liabilities

 

(27,172)

(62,340)

Total assets less current liabilities

 

979,399

946,307

Creditors: Amounts falling due after more than one year

7

(894,882)

(894,882)

Provisions for liabilities

(2,941)

(3,459)

Net assets

 

81,576

47,966

Capital and reserves

 

Called up share capital

8

900

900

Retained earnings

80,676

47,066

Shareholders' funds

 

81,576

47,966

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

 

Aldborough Road South Ltd

(Registration number: 11943481)
Balance Sheet as at 30 April 2024

.........................................
Mr Devshi Duda Chandegra
Director

 

Aldborough Road South Ltd

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

900

47,066

47,966

Profit for the year

-

33,610

33,610

At 30 April 2024

900

80,676

81,576

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

900

15,823

16,723

Profit for the year

-

31,243

31,243

At 30 April 2023

900

47,066

47,966

 

Aldborough Road South Ltd

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 United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the director on 24 January 2025.

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.

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.

 

Aldborough Road South Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

15% reducing balance

Fixture and fittings

15% reducing balance

Office equipment

15% reducing balance

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 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.

Borrowings

 

Aldborough Road South Ltd

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the year, was 1 (2023 - 1).

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

10,129

7,758

Deferred taxation

Arising from changes in tax rates and laws

(519)

(611)

Tax expense in the income statement

9,610

7,147

Deferred tax

 

Aldborough Road South Ltd

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

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

9,283

15,629

1,358

26,270

At 30 April 2024

9,283

15,629

1,358

26,270

Depreciation

At 1 May 2023

4,437

7,471

524

12,432

Charge for the year

727

1,224

125

2,076

At 30 April 2024

5,164

8,695

649

14,508

Carrying amount

At 30 April 2024

4,119

6,934

709

11,762

At 30 April 2023

4,846

8,158

834

13,838

6

Investment properties

2024
£

At 1 May

994,809

At 30 April

994,809

In the opinion of the director the market value of the investment property is similar to cost

 

Aldborough Road South Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loan to related party

10

158,075

158,075

Corporation tax

 

10,129

7,758

Accruals and deferred income

 

2,160

1,080

Other creditors

 

4,166

4,166

 

174,530

171,079

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Shareholders' loan account

9

894,882

894,882

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

900

900

900

900

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Shareholders' loan account

894,882

894,882

 

Aldborough Road South Ltd

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

10

Related party transactions

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

158,075

158,075

At end of period

158,075

158,075

2023

Other related parties
£

Total
£

At start of period

158,075

158,075

At end of period

158,075

158,075

Terms of loans to related parties

Due on demand

Loans from related parties

2024

Shareholders
£

Total
£

At start of period

894,882

894,882

At end of period

894,882

894,882

2023

Shareholders
£

Total
£

At start of period

894,856

894,856

Advanced

26

26

At end of period

894,882

894,882

Terms of loans from related parties

Interest free loan with no repayment terns.