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Registered number: 13483910
Alley Cat Properties Limited
Financial Statements
For The Year Ended 30 June 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13483910
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,661 3,326
Investment Properties 5 356,785 345,486
359,446 348,812
CURRENT ASSETS
Cash at bank and in hand 57,436 101,289
57,436 101,289
Creditors: Amounts Falling Due Within One Year 8 (171,585 ) (210,969 )
NET CURRENT ASSETS (LIABILITIES) (114,149 ) (109,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES 245,297 239,132
Creditors: Amounts Falling Due After More Than One Year 9 (254,936 ) (248,156 )
NET LIABILITIES (9,639 ) (9,024 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (9,739 ) (9,124 )
SHAREHOLDERS' FUNDS (9,639) (9,024)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A I Lea
Director
11/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alley Cat Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13483910 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
As at the balance sheet date the company had a net deficiency of assets. The Director is aware of this and is fully supporting the copmany financially on the basis that future profits will be generated by the sale of work in progress. The financial statements have therefore been prepared on the going concern basis.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 5,198
As at 30 June 2024 5,198
Depreciation
As at 1 July 2023 1,872
Provided during the period 665
As at 30 June 2024 2,537
Net Book Value
As at 30 June 2024 2,661
As at 1 July 2023 3,326
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5. Investment Property
2024
£
Fair Value
As at 1 July 2023 345,486
Additions 11,299
As at 30 June 2024 356,785
6. Stocks
2024 2023
£ £
7. Debtors
2024 2023
£ £
Due within one year
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,369
Bank loans and overdrafts 2,260 -
Other creditors 169,325 209,600
171,585 210,969
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 254,936 248,156
10. Secured Creditors
Bank loans are secured on land and property held within investment property.
2024 2023
£ £
Bank loans and overdrafts 249,285 249,285
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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12. Related Party Transactions
As at the balance sheet date the Director was owed £168,546 (2023: £208,646). This amount is included within other creditors and all transactions during the year were undertaken at arms length.
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