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REGISTERED NUMBER: 07821951 (England and Wales)















Alternative Estates Limited

Unaudited Financial Statements for the Year Ended 31 December 2024






Alternative Estates Limited (Registered number: 07821951)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alternative Estates Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Syal
Mrs J E Syal





REGISTERED OFFICE: Unit 2 Westfield Close
Rawreth Industrial Estate
Rawreth Lane
Rayleigh
Essex
SS6 9RL





REGISTERED NUMBER: 07821951 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Alternative Estates Limited (Registered number: 07821951)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,720 9,650
Investments 5 1,010 1,010
Investment property 6 8,466,565 6,920,851
8,475,295 6,931,511

CURRENT ASSETS
Debtors 7 827,080 879,929
Cash at bank 193,714 79,470
1,020,794 959,399
CREDITORS
Amounts falling due within one year 8 260,589 158,901
NET CURRENT ASSETS 760,205 800,498
TOTAL ASSETS LESS CURRENT LIABILITIES 9,235,500 7,732,009

CREDITORS
Amounts falling due after more than one
year

9

(5,607,816

)

(4,377,816

)

PROVISIONS FOR LIABILITIES (139,356 ) (139,259 )
NET ASSETS 3,488,328 3,214,934

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 550,044 550,044
Retained earnings 2,938,084 2,664,690
3,488,328 3,214,934

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.

Alternative Estates Limited (Registered number: 07821951)

Statement of Financial Position - 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 7 March 2025 and were signed on its behalf by:





S Syal - Director


Alternative Estates Limited (Registered number: 07821951)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Alternative Estates 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 (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Alternative Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income recognition
Income represents the fair value of consideration received or receivable derived from rents charged to tenants during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value , with changes recognised in profit or loss .

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Alternative Estates Limited (Registered number: 07821951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 61,597
Disposals (9,695 )
At 31 December 2024 51,902
DEPRECIATION
At 1 January 2024 51,947
Charge for year 1,930
Eliminated on disposal (9,695 )
At 31 December 2024 44,182
NET BOOK VALUE
At 31 December 2024 7,720
At 31 December 2023 9,650

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,010
NET BOOK VALUE
At 31 December 2024 1,010
At 31 December 2023 1,010

Alternative Estates Limited (Registered number: 07821951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 6,920,851
Additions 1,545,714
At 31 December 2024 8,466,565
NET BOOK VALUE
At 31 December 2024 8,466,565
At 31 December 2023 6,920,851

The investment property was valued on a fair value basis by the directors at the balance sheet date.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 8,466,565

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 21,622 22,334
Other debtors 28,032 20,169
49,654 42,503

Amounts falling due after more than one year:
Amounts owed by group undertakings 777,426 837,426

Aggregate amounts 827,080 879,929

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 28,676 29,603
Trade creditors 241 -
Taxation and social security 118,156 87,015
Other creditors 113,516 42,283
260,589 158,901

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 5,607,816 4,377,816