Registered number
12257059
ALACO PROPERTY MANAGEMENT LTD
Filleted Accounts
31 October 2024
ALACO PROPERTY MANAGEMENT LTD
Registered number: 12257059
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 155,191 155,331
Current assets
Cash at bank and in hand 30,386 27,178
Creditors: amounts falling due within one year 4 (723) (321)
Net current assets 29,663 26,857
Total assets less current liabilities 184,854 182,188
Creditors: amounts falling due after more than one year 5 (177,366) (177,851)
Provisions for liabilities (27) (53)
Net assets 7,461 4,284
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,361 4,184
Shareholder's funds 7,461 4,284
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Coulson
Director
Approved by the board on 6 February 2025
ALACO PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 155,052 699 155,751
At 31 October 2024 155,052 699 155,751
Depreciation
At 1 November 2023 - 420 420
Charge for the year - 140 140
At 31 October 2024 - 560 560
Net book value
At 31 October 2024 155,052 139 155,191
At 31 October 2023 155,052 279 155,331
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 723 321
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 140,970 140,970
Other creditors 36,396 36,881
177,366 177,851
6 Other information
ALACO PROPERTY MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Bluebell Gardens
Medstead
Alton
Hampshire
GU34 5FQ
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