ALR Properties Ltd 12351271 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is property letting. Digita Accounts Production Advanced 6.30.9574.0 true true 12351271 2023-06-01 2024-05-31 12351271 2024-05-31 12351271 core:RetainedEarningsAccumulatedLosses 2024-05-31 12351271 core:ShareCapital 2024-05-31 12351271 core:CurrentFinancialInstruments 2024-05-31 12351271 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12351271 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 12351271 core:FurnitureFittingsToolsEquipment 2024-05-31 12351271 bus:SmallEntities 2023-06-01 2024-05-31 12351271 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12351271 bus:FullAccounts 2023-06-01 2024-05-31 12351271 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12351271 bus:RegisteredOffice 2023-06-01 2024-05-31 12351271 bus:Director1 2023-06-01 2024-05-31 12351271 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12351271 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 12351271 core:OfficeEquipment 2023-06-01 2024-05-31 12351271 countries:EnglandWales 2023-06-01 2024-05-31 12351271 2023-05-31 12351271 core:FurnitureFittingsToolsEquipment 2023-05-31 12351271 2022-06-01 2023-05-31 12351271 2023-05-31 12351271 core:RetainedEarningsAccumulatedLosses 2023-05-31 12351271 core:ShareCapital 2023-05-31 12351271 core:CurrentFinancialInstruments 2023-05-31 12351271 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12351271 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 12351271 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 12351271

ALR Properties Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

ALR Properties Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

ALR Properties Ltd

(Registration number: 12351271)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

74

Investment property

5

135,000

130,000

 

135,000

130,074

Current assets

 

Debtors

6

175

271

Cash at bank and in hand

 

809

2,571

 

984

2,842

Creditors: Amounts falling due within one year

7

(58,098)

(144,277)

Net current liabilities

 

(57,114)

(141,435)

Total assets less current liabilities

 

77,886

(11,361)

Creditors: Amounts falling due after more than one year

7

(91,000)

-

Provisions for liabilities

(3,714)

(2,800)

Net liabilities

 

(16,828)

(14,161)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(16,928)

(14,261)

Shareholders' deficit

 

(16,828)

(14,161)

 

ALR Properties Ltd

(Registration number: 12351271)
Balance Sheet as at 31 May 2024

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.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 7 February 2025
 

.........................................
Mr Adrian Smith
Director

 

ALR Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Glades Festival Way
Festival Park
Stoke-On-Trent
Staffordshire
ST1 5SQ
UK

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.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the director and third party. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received and receivable in respect of rental income and relating to the provision of property management services.

Tax

The tax expense for the period comprises current and deferred tax.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates and laws
that have been enacted or substantively enacted by the reporting date.

 

ALR Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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

Office equipment

33.33% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by external valuers or the expert opinion of the director. The valuers use observable
market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Borrowings

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

ALR Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

584

584

At 31 May 2024

584

584

Depreciation

At 1 June 2023

510

510

Charge for the year

74

74

At 31 May 2024

584

584

Carrying amount

At 31 May 2024

-

-

At 31 May 2023

74

74

5

Investment properties

2024
£

At 1 June

130,000

Fair value adjustments

5,000

At 31 May

135,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Prepayments

74

271

Other debtors

101

-

175

271

 

ALR Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

111,248

Accruals and deferred income

 

1,855

1,752

Other creditors

 

56,243

31,277

 

58,098

144,277

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

91,000

-

Included in loans and borrowings is a mortgage which is secured against the following property: 91 Peascroft Road, Stoke-on-Trent, ST6 8HG.