Registration number:
Alderley Securities Limited
for the Period from 1 August 2023 to 31 August 2024
Alderley Securities Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Alderley Securities Limited
Company Information
Directors |
Mr Neuman Stephen Higham Mr Mark Higham Mrs Ilana Sophie West |
Registered office |
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Accountants |
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Alderley Securities Limited
(Registration number: 15042233)
Balance Sheet as at 31 August 2024
Note |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
2,333 |
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Revaluation reserve |
3,080,611 |
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Other reserves |
418,056 |
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Shareholders' funds |
3,501,000 |
For the financial period 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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Alderley Securities Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
0-10% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Alderley Securities Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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Revaluations |
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Additions |
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At 31 August 2024 |
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Depreciation |
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Carrying amount |
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At 31 August 2024 |
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Included within the net book value of land and buildings above is £3,549,242 in respect of freehold land and buildings.
During the period, land and buildings with a Net Book Value of £419,389 (with other capital expenses) were transfered by a company within the group as a transfer of going concern. The cost of land and buildings includes the cost of improvements incurred since the last valuation. Prior to the transfer, the freehold land and buildings in Tower Garage Limited, were valued by an independant valuer on the 15 June 2008.As at the year end, management revalued the property transferred at £3,500,000 based on market research and professional advice taken.
Debtors |
Current |
2024 |
Other debtors |
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Alderley Securities Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
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Due within one year |
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Other creditors |
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Other creditors is the balance that the company owes to The Tower Garage Limited, a company related to Alderley Securities Limited. This is because the shareholders and directors also own Highams Property Group Limited which in turn owns 100% of The Tower garage Limited.
Share capital |
Allotted, called up and fully paid shares
2024 |
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No. |
£ |
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2,333 |