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REGISTERED NUMBER: 13501901 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Alsand Properties Limited

Alsand Properties Limited (Registered number: 13501901)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alsand Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A A C Scaife
Mrs S Scaife
A L Scaife





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 13501901 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Alsand Properties Limited (Registered number: 13501901)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 200,479 184,387

CURRENT ASSETS
Debtors 5 1,500 -
Cash at bank 5,611 66,506
7,111 66,506
CREDITORS
Amounts falling due within one year 6 52,168 93,528
NET CURRENT LIABILITIES (45,057 ) (27,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,422

157,365

CREDITORS
Amounts falling due after more than one
year

7

153,296

155,498
NET ASSETS 2,126 1,867

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,124 1,865
2,126 1,867

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Alsand Properties Limited (Registered number: 13501901)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





A A C Scaife - Director


Alsand Properties Limited (Registered number: 13501901)

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

1. STATUTORY INFORMATION

Alsand Properties 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 represents rent receivable from properties. Turnover is recognised in the period to which the rents relate.

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 184,387
Additions 16,092
At 31 July 2024 200,479
NET BOOK VALUE
At 31 July 2024 200,479
At 31 July 2023 184,387

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 200,479

Alsand Properties Limited (Registered number: 13501901)

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

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 200,479 190,000
Aggregate depreciation (12,917 ) (8,907 )

Investment property was valued on a fair value basis basis on 31 July 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,500 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,047 2,940
Trade creditors 1,176 -
Tax 61 355
Amount owed to related party 46,684 89,058
Accrued expenses 1,200 1,175
52,168 93,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 153,296 155,498

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 156,343 158,438

The loan is secured by way of a fixed charge over the freehold property.