Registered number
14863599
Alexandra Flats Ltd
Filleted Accounts
31 May 2024
Alexandra Flats Ltd
Registered number: 14863599
Balance Sheet
as at 31 May 2024
Notes 2024
£
Fixed assets
Tangible assets 3 2,863,324
Current assets
Debtors 4 142,720
Cash at bank and in hand 215
142,935
Creditors: amounts falling due within one year 5 (1,096,268)
Net current liabilities (953,333)
Total assets less current liabilities 1,909,991
Creditors: amounts falling due after more than one year 6 (1,438,500)
Net assets 471,491
Capital and reserves
Called up share capital 1
Revaluation reserve 7 616,929
Profit and loss account (145,439)
Shareholders' funds 471,491
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jacob Gluck
Director
Approved by the board on 22 May 2025
Alexandra Flats Ltd
Notes to the Accounts
for the period from 11 May 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 2,342,595 2,877 2,345,472
Surplus on revaluation 518,427 - 518,427
At 31 May 2024 2,861,022 2,877 2,863,899
Depreciation
Charge for the period - 575 575
At 31 May 2024 - 575 575
Net book value
At 31 May 2024 2,861,022 2,302 2,863,324
4 Debtors 2024
£
Trade debtors 25,269
Deferred tax asset 98,501
Other debtors 18,950
142,720
5 Creditors: amounts falling due within one year 2024
£
Other creditors 1,096,268
6 Creditors: amounts falling due after one year 2024
£
Bank loans 1,438,500
7 Revaluation reserve 2024
£
Gain on revaluation of land and buildings 518,428
Deferred taxation arising on the revaluation of land and buildings 98,501
At 31 May 2024 616,929
8 Other information
Alexandra Flats Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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