Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-091falseNo description of principal activitytruetrue2023-09-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1 13892126 2023-09-01 2024-08-31 13892126 2022-09-01 2023-08-31 13892126 2024-08-31 13892126 2023-08-31 13892126 c:Director1 2023-09-01 2024-08-31 13892126 d:CurrentFinancialInstruments 2024-08-31 13892126 d:CurrentFinancialInstruments 2023-08-31 13892126 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13892126 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13892126 d:ShareCapital 2024-08-31 13892126 d:ShareCapital 2023-08-31 13892126 d:RetainedEarningsAccumulatedLosses 2024-08-31 13892126 d:RetainedEarningsAccumulatedLosses 2023-08-31 13892126 c:FRS102 2023-09-01 2024-08-31 13892126 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13892126 c:FullAccounts 2023-09-01 2024-08-31 13892126 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13892126 2 2023-09-01 2024-08-31 13892126 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 13892126









ALCAN PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
ALCAN PROPERTIES LTD
REGISTERED NUMBER: 13892126

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,843,439
2,822,843

Debtors: amounts falling due within one year
 5 
13,728
5,658

Cash at bank and in hand
  
2,639
7,672

  
2,859,806
2,836,173

Creditors: amounts falling due within one year
 6 
(3,198,971)
(2,963,205)

Net current liabilities
  
 
 
(339,165)
 
 
(127,032)

Total assets less current liabilities
  
(339,165)
(127,032)

  

Net liabilities
  
(339,165)
(127,032)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(339,265)
(127,132)

  
(339,165)
(127,032)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.

S Singh
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ALCAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Alcan Properties Ltd is a private company limited by shares incorporated in England and Wales. The
registered office is Leytonstone House, Hanbury Drive, London, England, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis despite the net liabilities at the balance sheet date due to the continued financial support of the directors and associated companies. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Stocks

Stocks represent costs incurred in respect of a development of a property. 

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
ALCAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
ALCAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Stocks

2024
2023
£
£

Property development
2,843,439
2,822,843



5.


Debtors

2024
2023
£
£


Other debtors
13,728
5,658



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Loans
1,216,326
1,080,240

Trade creditors
181,365
238,883

Other creditors
1,793,529
1,639,511

Accruals
7,751
4,571

3,198,971
2,963,205



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Loans
1,216,326
1,080,240





Loans of £1,216,326 (2023 - £1,080,240) are secured upon the assets of the company. 


8.


Related party transactions

At the year end included within other creditors are amounts due to the director of £784,490 (2023 - £760,921) and amounts due to connected companies of £514,969 (2023 - £878,590).

Page 4

 
ALCAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Controlling party

The company regards Mr S Singh as its controlling party. 

 
Page 5