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Registration number: 06262300

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

Detailed Profit and Loss Account

6

 

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

Company Information

Chairman

Mr M C Chick

Directors

Mr J A Midgley

Mr M C Chick

Registered office

C/o Cannons Accountants
Unit 1A Park Farm Road
Park Farm Industrial Estate
Folkestone
Kent
CT19 5EY

Accountants

Cannon and Company Accountants Limited
Chartered Certified Accountants
Unit 1A Park Farm Industrial Estate
Folkestone
Kent
CT19 5EY

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Association of Leasehold Enfranchisement Practitioners Limited for the year ended 31 May 2024 as set out on pages 3 to 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/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Association of Leasehold Enfranchisement Practitioners Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Association of Leasehold Enfranchisement Practitioners Limited and state those matters that we have agreed to state to the Board of Directors of Association of Leasehold Enfranchisement Practitioners Limited, 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/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Association of Leasehold Enfranchisement Practitioners Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Association of Leasehold Enfranchisement Practitioners Limited 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 Association of Leasehold Enfranchisement Practitioners Limited. You consider that Association of Leasehold Enfranchisement Practitioners Limited 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 Association of Leasehold Enfranchisement Practitioners Limited. 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.

......................................

Cannon and Company Accountants Limited
Chartered Certified Accountants
Unit 1A Park Farm Industrial Estate
Folkestone
Kent
CT19 5EY

2 December 2024

 

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

Profit and Loss Account for the Year Ended 31 May 2024

2024
£

2023
£

Turnover

231,376

196,593

Other income

22,819

40,753

Cost of raw materials and consumables

(67,468)

(54,037)

Depreciation and other amounts written off assets

(2,881)

(3,842)

Other charges

(179,973)

(153,494)

Surplus before tax

3,873

25,973

Tax on profit

(1,420)

(3,650)

Surplus for the year

2,453

22,323

 

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

(Registration number: 06262300)
Balance Sheet as at 31 May 2024

2024
£

2023
£

Fixed assets

8,645

11,525

Current assets

89,719

74,008

Prepayments and accrued income

2,137

6,929

Creditors: Amounts falling due within one year

(6,990)

(7,833)

Net current assets

84,866

73,104

Total assets less current liabilities

93,511

84,629

Accruals and deferred income

(61,859)

(55,430)

 

31,652

29,199

Reserves

31,652

29,199

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
C/o Cannons Accountants
Unit 1A Park Farm Road
Park Farm Industrial Estate
Folkestone
Kent
CT19 5EY

These financial statements were authorised for issue by the Board on 2 December 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

(Registration number: 06262300)
Balance Sheet as at 31 May 2024

3

Related party transactions

Transactions with directors

2023

At 1 June 2022
£

At 31 May 2023
£

Mr M C Chick

Directors loan account

76

-

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 2 December 2024 and signed on its behalf by:
 

.........................................
Mr M C Chick
Chairman

.........................................
Mr J A Midgley
Director

 

Association of Leasehold Enfranchisement Practitioners Limited

trading as ALEP

Detailed Profit and Loss Account for the Year Ended 31 May 2024

2024
£

2023
£

   

Turnover

Rendering of services, UK

128,337

134,534

Commissions receivable

103,039

62,059

231,376

196,593

   

Cost of sales

Materials

(67,468)

(54,037)

   

   

Establishment costs

Rent

(300)

(300)

   

General administrative expenses

Telephone and fax

(85)

(86)

Computer software and maintenance costs

(1,394)

(990)

Printing, postage and stationery

(200)

(361)

Trade subscriptions

(5,041)

(5,536)

Sundry expenses

(680)

(387)

Website costs

(13,904)

(11,990)

Travel and subsistence

(5,581)

(5,414)

Advertising

(4,672)

(2,347)

Customer entertaining (disallowable for tax)

(721)

-

Accountancy fees

(1,929)

(878)

Bookkeeping

-

(845)

Consultancy fees

(143,510)

(122,347)

Insurance

(1,608)

(1,926)

Legal and professional fees

(260)

-

(179,585)

(153,107)

   

Finance charges

Bank charges

(88)

(87)

   

Depreciation costs

Amortisation of development costs

(2,752)

(3,670)

Depreciation of plant and machinery (owned)

(129)

(172)

(2,881)

(3,842)

   

Other operating income

Other operating income

22,819

40,753