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REGISTERED NUMBER: 01642307 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALWOODLEY FLATS LIMITED

ALWOODLEY FLATS LIMITED (REGISTERED NUMBER: 01642307)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALWOODLEY FLATS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr A S Anslow
Mr D Christie
Mr M J Moss





SECRETARY: Mr A D Earnshaw





REGISTERED OFFICE: Close House
Giggleswick
Settle
BD24 0EA





REGISTERED NUMBER: 01642307 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

ALWOODLEY FLATS LIMITED (REGISTERED NUMBER: 01642307)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Investment property 4 4,000 4,000

CURRENT ASSETS
Debtors 5 3,718 1,868
Cash at bank 104,991 93,447
108,709 95,315
CREDITORS
Amounts falling due within one year 6 (3,157 ) (3,280 )
NET CURRENT ASSETS 105,552 92,035
TOTAL ASSETS LESS CURRENT LIABILITIES 109,552 96,035

PROVISIONS FOR LIABILITIES (760 ) (760 )
NET ASSETS 108,792 95,275

CAPITAL AND RESERVES
Called up share capital 7 32 32
Revaluation reserve 8 3,240 3,240
Maintenance reserve 105,520 92,003
SHAREHOLDERS' FUNDS 108,792 95,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALWOODLEY FLATS LIMITED (REGISTERED NUMBER: 01642307)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





Mr A S Anslow - Director


ALWOODLEY FLATS LIMITED (REGISTERED NUMBER: 01642307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Alwoodley Flats Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
This represents service charges and ground rents receivable equally from the members for the year.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
The company is carrying on a mutual business for the benefit of its members and therefore any surplus arising from members' contributions will not be assessable to Corporation Tax. Any investment income received may be assessable to Corporation Tax in the normal manner depending on the amount of income received during the year.

OTHER RESERVES - MAINTENANCE RESERVE
Repair costs are written off as expenditure is incurred.

Any surplus of income over expenditure is required to be carried forward as maintenance reserve for use towards future repair costs, however such reserve is not necessarily intended to be sufficient to cover actual major items of repair expenditure which may have to be incurred.

GOING CONCERN
The financial statements have been prepared on the going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements.

ALWOODLEY FLATS LIMITED (REGISTERED NUMBER: 01642307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2024
and 31 December 2024 4,000
NET BOOK VALUE
At 31 December 2024 4,000
At 31 December 2023 4,000

Investment property comprises the freehold interest in the property at King Lane, Leeds. The value of the investment property has been arrived at on the basis of a previous valuation carried out by Mr J S Oddy, the former Company Secretary and a Chartered Surveyor, at £4,000 (2023: £4,000). The valuation was made on an open market value basis and is still considered to represent the fair value.

The cost to the company of its investment property is £Nil (2023: £Nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,460 1,189
Other debtors 2,258 679
3,718 1,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,242 937
Taxation and social security 277 227
Other creditors 1,638 2,116
3,157 3,280

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
32 Ordinary shares 1 32 32

ALWOODLEY FLATS LIMITED (REGISTERED NUMBER: 01642307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. RESERVES
Revaluation
reserve
£
At 1 January 2024
and 31 December 2024 3,240

The revaluation reserve represents the surplus arising on the revaluation of freehold land and buildings less a provision for deferred tax. The deferred tax provision on the surplus on revaluation of the company's investment property amounts to £760 (2023 £760).