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REGISTERED NUMBER: 12059523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ALYCIDON PROPERTIES LIMITED

ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 194,995 233,995
Tangible assets 5 1,736,458 1,875,416
1,931,453 2,109,411

CURRENT ASSETS
Stocks 6,352 16,414
Debtors 6 782,847 766,219
Cash at bank and in hand 3,207 11,546
792,406 794,179
CREDITORS
Amounts falling due within one year 7 (197,299 ) (273,588 )
NET CURRENT ASSETS 595,107 520,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,526,560

2,630,002

CREDITORS
Amounts falling due after more than one
year

8

(2,353,551

)

(2,306,207

)

PROVISIONS FOR LIABILITIES (6,983 ) (38,382 )
NET ASSETS 166,026 285,413

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 66,026 185,413
166,026 285,413

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

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

ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





B Brown - Director


ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Alycidon Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12059523

Registered office: 49 Main Road
Smalley
Ilkeston
DE7 6EF

The principal activity of the company is the operation of sports facilities.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 50% on cost
Computer equipment - 50% on cost

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

ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 389,995
AMORTISATION
At 1 July 2023 156,000
Charge for year 39,000
At 30 June 2024 195,000
NET BOOK VALUE
At 30 June 2024 194,995
At 30 June 2023 233,995

ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 1,654,376 77,096 488,805
Additions 33,456 689 35,341
At 30 June 2024 1,687,832 77,785 524,146
DEPRECIATION
At 1 July 2023 - 51,715 306,547
Charge for year - 14,311 186,527
At 30 June 2024 - 66,026 493,074
NET BOOK VALUE
At 30 June 2024 1,687,832 11,759 31,072
At 30 June 2023 1,654,376 25,381 182,258

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 9,600 12,202 2,242,079
Additions - - 69,486
At 30 June 2024 9,600 12,202 2,311,565
DEPRECIATION
At 1 July 2023 1,600 6,801 366,663
Charge for year 3,200 4,406 208,444
At 30 June 2024 4,800 11,207 575,107
NET BOOK VALUE
At 30 June 2024 4,800 995 1,736,458
At 30 June 2023 8,000 5,401 1,875,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 623,607 310,493
Other debtors 15,240 45,585
Called up share capital not paid 10,000 10,000
Prepayments 134,000 400,141
782,847 766,219

ALYCIDON PROPERTIES LIMITED (REGISTERED NUMBER: 12059523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 72,633 71,018
Trade creditors 48,654 89,800
Tax 8,820 -
Social security and other taxes 705 123
VAT 24,346 18,343
Other creditors 13,300 -
Accruals and deferred income 28,841 94,304
197,299 273,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 72,633 71,018
Bank loans - 2-5 years 251,320 256,065
Bank loans payable more than
5 years by instalments 407,420 475,357
Directors' loan accounts 1,622,178 1,503,767
2,353,551 2,306,207

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable more than
5 years by instalments 407,420 475,357
407,420 475,357

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 783,254 842,983

Directors loans are secured by a legal mortgage over the freehold property dated 28 August 2019.

Bank loans are secured by a legal charge over the freehold property dated 22 July 2022 with Together Commercial Finance Limited.

10. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of the approval of the financial statements by the Board.