1 July 2023 false No description of principal activity Taxfiler 2024.6 NI002099business:PrivateLimitedCompanyLtd2023-07-012024-06-30 NI0020992023-06-30 NI0020992023-07-012024-06-30 NI002099business:AuditExemptWithAccountantsReport2023-07-012024-06-30 NI002099business:FilletedAccounts2023-07-012024-06-30 NI0020992024-06-30 NI002099business:Director12023-07-012024-06-30 NI002099business:Director22023-07-012024-06-30 NI002099business:CompanySecretary12023-07-012024-06-30 NI002099business:RegisteredOffice2023-07-012024-06-30 NI0020992023-06-30 NI002099core:WithinOneYear2024-06-30 NI002099core:WithinOneYear2023-06-30 NI002099core:AfterOneYear2024-06-30 NI002099core:AfterOneYear2023-06-30 NI002099core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 NI002099core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI002099core:RevaluationReservecore:PreviouslyStatedAmount2024-06-30 NI002099core:RevaluationReservecore:PreviouslyStatedAmount2023-06-30 NI002099core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-06-30 NI002099core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-06-30 NI002099core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 NI002099core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI002099core:PreviouslyStatedAmount2024-06-30 NI002099core:PreviouslyStatedAmount2023-06-30 NI002099business:SmallEntities2023-07-012024-06-30 NI002099countries:NorthernIreland2023-07-012024-06-30 NI002099core:PlantMachinery2023-07-012024-06-30 NI002099core:MotorVehicles2023-07-012024-06-30 NI002099core:FurnitureFittings2023-07-012024-06-30 NI002099core:PlantMachinery2023-06-30 NI002099core:MotorVehicles2023-06-30 NI002099core:PlantMachinery2024-06-30 NI002099core:MotorVehicles2024-06-30 NI002099core:AfterOneYear2023-07-012024-06-30 NI002099business:Director112023-07-012024-06-30 NI002099business:Director112023-06-30 NI002099business:Director112024-06-30 NI002099business:Director222023-07-012024-06-30 NI002099business:Director222023-06-30 NI002099business:Director222024-06-30 NI0020992022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. NI002099 (Northern Ireland)
Alvarod Limited Unaudited accounts for the year ended 30 June 2024
Alvarod Limited Unaudited accounts Contents
Page
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Alvarod Limited Company Information for the year ended 30 June 2024
Directors
Alan Rodden Valerie Rodden
Secretary
Alan Rodden
Company Number
NI002099 (Northern Ireland)
Registered Office
91 Glenhead Road Limavady County Londonderry BT49 9LZ Northern Ireland
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
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Alvarod Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,806 
45,934 
Investment property
1,417,000 
1,405,000 
Investments
8,571 
8,571 
1,463,377 
1,459,505 
Current assets
Inventories
67,641 
67,947 
Debtors
261,549 
261,201 
Cash at bank and in hand
82,560 
112,279 
411,750 
441,427 
Creditors: amounts falling due within one year
(298,357)
(325,547)
Net current assets
113,393 
115,880 
Total assets less current liabilities
1,576,770 
1,575,385 
Creditors: amounts falling due after more than one year
(98,988)
(98,833)
Provisions for liabilities
Deferred tax
(9,452)
(64,047)
Net assets
1,468,330 
1,412,505 
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Alvarod Limited Statement of financial position as at 30 June 2024 (continued)
Capital and reserves
Called up share capital
10,500 
10,500 
Revaluation reserve
504,873 
492,873 
Capital redemption reserve
10,500 
10,500 
Profit and loss account
942,457 
898,632 
Shareholders' funds
1,468,330 
1,412,505 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
Alan Rodden Director Company Registration No. NI002099
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Alvarod Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Alvarod Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI002099. The registered office is 91 Glenhead Road, Limavady, County Londonderry, BT49 9LZ, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
18% reducing balance
Motor vehicles
18% reducing balance
Fixtures & fittings
15% reducing balance
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Alvarod Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
51,660 
16,000 
67,660 
At 30 June 2024
51,660 
16,000 
67,660 
Depreciation
At 1 July 2023
17,272 
4,454 
21,726 
Charge for the year
6,050 
2,078 
8,128 
At 30 June 2024
23,322 
6,532 
29,854 
Net book value
At 30 June 2024
28,338 
9,468 
37,806 
At 30 June 2023
34,388 
11,546 
45,934 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
1,405,000 
Net gain from fair value adjustments
12,000 
At 30 June 2024
1,417,000 
The company's investment properties are included at open market valuation as estimated by the directors.
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 July 2023
2 
8,569 
8,571 
Valuation at 30 June 2024
2 
8,569 
8,571 
Included within investments are £2 nominal share value of shares held in a subsidiary undertaking. Other invesments consist of listed shares. The directors are of the opinion that there is no material difference between listed share cost and market value.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,108 
1,219 
Amounts due from group undertakings etc.
127,297 
171,619 
Accrued income and prepayments
25,631 
- 
Other debtors
88,513 
88,363 
261,549 
261,201 
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Alvarod Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,306 
62,655 
VAT
20,275 
46,449 
Trade creditors
174,941 
130,908 
Taxes and social security
12,649 
6,658 
Other creditors
37,274 
78,877 
Accruals
50,912 
- 
298,357 
325,547 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
98,988 
98,833 
The bank loan relates to funds received under CBILS and is unsecured.
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alan Rodden
Loans to director
13,126 
33,090 
14,000 
32,216 
Valerie Rodden
Loans to director
13,885 
19,201 
14,000 
19,086 
27,011 
52,291 
28,000 
51,302 
During the year, the company issued loans and paid personal expenses on behalf of the directors. The balances are repaid within 9 months of balance sheet date by way of dividends from distributable profits.
11
Transactions with related parties
There were no material transactions with related parties other than those with directors as disclosed at note 11.
12
Average number of employees
During the year the average number of employees was 31 (2023: 29).
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