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COMPANY REGISTRATION NUMBER: 08652640
Alderson Properties Limited
Filleted Unaudited Financial Statements
28 February 2025
Alderson Properties Limited
Statement of Financial Position
28 February 2025
2025
2024
Note
£
£
£
Current assets
Debtors
4
677,904
522,749
Cash at bank and in hand
4,057
23
---------
---------
681,961
522,772
Creditors: amounts falling due within one year
5
173,846
1,991
---------
---------
Net current assets
508,115
520,781
---------
---------
Total assets less current liabilities
508,115
520,781
---------
---------
Net assets
508,115
520,781
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
508,114
520,780
---------
---------
Shareholders funds
508,115
520,781
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
N Alderson
Director
Company registration number: 08652640
Alderson Properties Limited
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Swallow House, Parsons Road, Washington, Tyne and Wear, NE37 1EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
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.
4. Debtors
2025
2024
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
522,749
Other debtors
677,904
---------
---------
677,904
522,749
---------
---------
5. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
173,006
Corporation tax
1,151
Other creditors
840
840
---------
-------
173,846
1,991
---------
-------
6. Director's advances, credits and guarantees
Included in other debtors is a directors loan balance of £677,904 (2024: £nil).
7. Related party transactions
The company was under the control of Mr N Alderson throughout the current and previous year. Mr N Alderson is the managing director and majority shareholder.