Silverfin false false 31/08/2024 01/09/2023 31/08/2024 C M Penny 28/11/2000 E C Penny 28/11/2000 J M Penny 02/11/1991 R M L Penny 01/05/2003 S J L Penny 02/11/1991 24 January 2025 The principal activity of the Company during the financial year was property ownership and management. 01067691 2024-08-31 01067691 bus:Director1 2024-08-31 01067691 bus:Director2 2024-08-31 01067691 bus:Director3 2024-08-31 01067691 bus:Director4 2024-08-31 01067691 bus:Director5 2024-08-31 01067691 2023-08-31 01067691 core:CurrentFinancialInstruments 2024-08-31 01067691 core:CurrentFinancialInstruments 2023-08-31 01067691 core:Non-currentFinancialInstruments 2024-08-31 01067691 core:Non-currentFinancialInstruments 2023-08-31 01067691 core:ShareCapital 2024-08-31 01067691 core:ShareCapital 2023-08-31 01067691 core:RetainedEarningsAccumulatedLosses 2024-08-31 01067691 core:RetainedEarningsAccumulatedLosses 2023-08-31 01067691 bus:OrdinaryShareClass1 2024-08-31 01067691 2023-09-01 2024-08-31 01067691 bus:FilletedAccounts 2023-09-01 2024-08-31 01067691 bus:SmallEntities 2023-09-01 2024-08-31 01067691 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 01067691 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01067691 bus:Director1 2023-09-01 2024-08-31 01067691 bus:Director2 2023-09-01 2024-08-31 01067691 bus:Director3 2023-09-01 2024-08-31 01067691 bus:Director4 2023-09-01 2024-08-31 01067691 bus:Director5 2023-09-01 2024-08-31 01067691 2022-09-01 2023-08-31 01067691 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 01067691 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 01067691 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01067691 (England and Wales)

ALPINSPUR PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ALPINSPUR PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ALPINSPUR PROPERTIES LIMITED

BALANCE SHEET

As at 31 August 2024
ALPINSPUR PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 600,000 550,000
600,000 550,000
Current assets
Debtors 4 5,516 5,279
Cash at bank and in hand 12,471 17,054
17,987 22,333
Creditors: amounts falling due within one year 5 ( 29,774) ( 28,764)
Net current liabilities (11,787) (6,431)
Total assets less current liabilities 588,213 543,569
Creditors: amounts falling due after more than one year 6 ( 370,600) ( 330,600)
Net assets 217,613 212,969
Capital and reserves
Called-up share capital 7 1,800 100
Profit and loss account 215,813 212,869
Total shareholders' funds 217,613 212,969

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Alpinspur Properties Limited (registered number: 01067691) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

S J L Penny
Director
ALPINSPUR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ALPINSPUR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alpinspur Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises rental income received or receivable in the ordinary course of the company’s activities. Turnover is recognised in the period to which it relates.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Investment property

Investment property
£
Valuation
As at 01 September 2023 550,000
Additions 46,419
Fair value movement 3,581
As at 31 August 2024 600,000

Valuation

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £600,000 (2023 - £550,000).

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 828,109 781,690

4. Debtors

2024 2023
£ £
Trade debtors 1,956 2,056
Other debtors 3,560 3,223
5,516 5,279

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 28 41
Other creditors 29,746 28,723
29,774 28,764

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 370,600 330,600

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,800 Ordinary shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 1,800 100