Company Registration No. 12552313 (England and Wales)
William Alexander Property Ltd
Unaudited accounts
for the year ended 30 April 2024
William Alexander Property Ltd
Unaudited accounts
Contents
William Alexander Property Ltd
Company Information
for the year ended 30 April 2024
Director
Henry Alexander Jones
Company Number
12552313 (England and Wales)
Registered Office
2 Mortimer Drive
Sandbach
Cheshire
CW11 4HS
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of William Alexander Property Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
William Alexander Property Ltd for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of William Alexander Property Ltd, as a body, in accordance with the terms of our engagement letter dated 9 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of William Alexander Property Ltd and state those matters that we have agreed to state to the Board of Directors of William Alexander Property Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than William Alexander Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that William Alexander Property 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 loss of William Alexander Property Ltd. You consider that William Alexander Property 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 William Alexander Property 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.
Townley & Co Limited
Chartered Accountants
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
28 January 2025
William Alexander Property Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
1,255
1,674
Investment property
624,615
624,615
Cash at bank and in hand
15,143
29,778
Creditors: amounts falling due within one year
(197,728)
(213,394)
Net current liabilities
(178,555)
(180,236)
Total assets less current liabilities
447,315
446,053
Creditors: amounts falling due after more than one year
(544,542)
(519,604)
Net liabilities
(97,227)
(73,551)
Called up share capital
1
1
Profit and loss account
(97,228)
(73,552)
Shareholders' funds
(97,227)
(73,551)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 28 January 2025 and were signed on its behalf by
Henry Alexander Jones
Director
Company Registration No. 12552313
William Alexander Property Ltd
Notes to the Accounts
for the year ended 30 April 2024
William Alexander Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12552313. The registered office is 2 Mortimer Drive, Sandbach, Cheshire, CW11 4HS.
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.
Investment property is included at market fair value.
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
Reducing Balance Method - 25%
Computer equipment
3 years straight line
The financial statements have been prepared on a going concern due to the continuing support of the company director.
William Alexander Property Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
2,480
1,226
3,706
At 30 April 2024
2,480
1,226
3,706
At 1 May 2023
806
1,226
2,032
Charge for the year
419
-
419
At 30 April 2024
1,225
1,226
2,451
At 30 April 2024
1,255
-
1,255
At 30 April 2023
1,674
-
1,674
Fair value at 1 May 2023
624,615
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
16,975
22,975
Loans from directors
180,633
190,299
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
544,542
519,604
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).