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COMPANY REGISTRATION NUMBER: 1632923
Alpineglow Limited
Unaudited financial statements
31 May 2024
Alpineglow Limited
Statement of financial position
31 May 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
962,025
960,976
Investments
6
223,501
223,501
-----------
-----------
1,185,526
1,184,477
Current assets
Debtors
7
44,970
5,341
Investments
8
74,679
64,581
Cash at bank and in hand
12,791
12,460
---------
-------
132,440
82,382
Creditors: Amounts falling due within one year
9
( 225,771)
( 236,684)
---------
---------
Net current liabilities
( 93,331)
( 154,302)
-----------
-----------
Total assets less current liabilities
1,092,195
1,030,175
Creditors: Amounts falling due after more than one year
10
( 33,339)
( 66,126)
Provisions
Taxation including deferred tax
( 17,049)
( 12,744)
Accruals and deferred income
( 3,267)
( 3,267)
-----------
-----------
Net assets
1,038,540
948,038
-----------
-----------
Capital and reserves
Called up share capital
48,571
48,571
Revaluation reserve
517,370
543,661
Profit and loss account
472,599
355,806
-----------
---------
Shareholders funds
1,038,540
948,038
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alpineglow Limited
Statement of financial position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
A N Doyle
Director
Company registration number: 1632923
Alpineglow Limited
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43A Chamberlin Road, Norwich, Norfolk, NR3 3LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. Deferred tax is provided, on an undiscounted basis, in respect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of employees during the year was 1 (2023: 1 ).
5. Tangible assets
Investment Properties
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost or valuation
At 1 June 2023
960,000
18,722
11,848
990,570
Additions
1,309
1,309
---------
-------
-------
---------
At 31 May 2024
960,000
18,722
13,157
991,879
---------
-------
-------
---------
Depreciation
At 1 June 2023
18,395
11,199
29,594
Charge for the year
49
211
260
---------
-------
-------
---------
At 31 May 2024
18,444
11,410
29,854
---------
-------
-------
---------
Carrying amount
At 31 May 2024
960,000
278
1,747
962,025
---------
-------
-------
---------
At 31 May 2023
960,000
327
649
960,976
---------
-------
-------
---------
The investment properties have been included at their fair value, based on open market value on 31 May 2022. These valuations were ascertained by A N Doyle , the director of the company.
6. Investments
Shares in group undertakings
£
Cost
At 1 June 2023 and 31 May 2024
223,501
---------
Impairment
At 1 June 2023 and 31 May 2024
---------
Carrying amount
At 31 May 2024
223,501
---------
At 31 May 2023
223,501
---------
7. Debtors
2024
2023
£
£
Prepayments and accrued income
2,508
5,341
Director's loan account
42,462
-------
------
44,970
5,341
-------
------
8. Investments
2024
2023
£
£
Listed investments
74,679
64,581
-------
-------
9. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans
26,638
26,638
Social security and other taxes
11,712
9,086
Other creditors
187,421
200,960
---------
---------
225,771
236,684
---------
---------
Bank loans are secured by a fixed and floating charge over all of the company's assets.
10. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans
33,339
66,126
-------
-------
Bank loans are secured by a fixed and floating charge over all the company's assets.
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
The Director
42,462
42,462
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
The Director
----
----
----
The above directors loan and advances were subject to HMRC's standard rate of interest in the current and prior year.