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REGISTERED NUMBER: 09542666 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

ALDER PROPERTY LIMITED

ALDER PROPERTY LIMITED (REGISTERED NUMBER: 09542666)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALDER PROPERTY LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Alder
Mrs L Fox



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 09542666 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Lloyds
Butler Place
Chelmsford Legg Street
Essex
CM1 1JS

ALDER PROPERTY LIMITED (REGISTERED NUMBER: 09542666)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 259 274
Investment property 5 1,671,010 1,671,010
1,671,269 1,671,284

CURRENT ASSETS
Stocks 9,111 396,970
Debtors 6 1,385 230,471
Cash at bank 31,833 27,716
42,329 655,157
CREDITORS
Amounts falling due within one year 7 376,996 725,117
NET CURRENT LIABILITIES (334,667 ) (69,960 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,602

1,601,324

CREDITORS
Amounts falling due after more than one
year

8

(941,417

)

(1,246,363

)

PROVISIONS FOR LIABILITIES (97,367 ) (97,367 )
NET ASSETS 297,818 257,594

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 426,544 426,544
Retained earnings (128,728 ) (168,952 )
SHAREHOLDERS' FUNDS 297,818 257,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ALDER PROPERTY LIMITED (REGISTERED NUMBER: 09542666)

Statement of Financial Position - continued
30 April 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 10 December 2024 and were signed on its behalf by:





M Alder - Director


ALDER PROPERTY LIMITED (REGISTERED NUMBER: 09542666)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Alder Property 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 786
DEPRECIATION
At 1 May 2023 485
Charge for year 42
At 30 April 2024 527
NET BOOK VALUE
At 30 April 2024 259
At 30 April 2023 301

ALDER PROPERTY LIMITED (REGISTERED NUMBER: 09542666)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,671,010
NET BOOK VALUE
At 30 April 2024 1,671,010
At 30 April 2023 1,671,010

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 523,911
Cost 1,147,099
1,671,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 228,630
Prepayments 1,385 1,841
1,385 230,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 679 4,291
Other creditors 30,040 640
Directors' current accounts 309,124 693,601
Accruals and deferred income 37,153 26,585
376,996 725,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 560,216 560,216
Other loans - 1-2 years 5,556 16,667
Other loans 5,556 16,667
Other loans - 2-5 years 25,000 87,963
Other loans more 5yrs instal 345,089 564,850
941,417 1,246,363

ALDER PROPERTY LIMITED (REGISTERED NUMBER: 09542666)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 560,216 560,216

Repayable by instalments
Other loans more 5yrs instal 345,089 564,850

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 426,544

10. ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr M Alder & Miss L Fox, company directors.