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REGISTERED NUMBER: 03867961 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Alexstel Limited

Alexstel Limited (Registered number: 03867961)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alexstel Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Barton
Mrs S Barton
S A Barton





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 03867961 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Alexstel Limited (Registered number: 03867961)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 56,971 66,850
Investments 6 179,500 198,500
Investment property 7 2,117,944 1,390,000
2,354,415 1,655,350

CURRENT ASSETS
Debtors 8 170,465 181,529
Cash at bank and in hand 1,143,569 1,521,597
1,314,034 1,703,126
CREDITORS
Amounts falling due within one year 9 102,033 65,051
NET CURRENT ASSETS 1,212,001 1,638,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,566,416

3,293,425

CREDITORS
Amounts falling due after more than one
year

10

(312,197

)

-

PROVISIONS FOR LIABILITIES (10,176 ) (15,003 )
NET ASSETS 3,244,043 3,278,422

Alexstel Limited (Registered number: 03867961)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings 13 3,244,039 3,278,418
SHAREHOLDERS' FUNDS 3,244,043 3,278,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




R Barton - Director



S A Barton - Director


Alexstel Limited (Registered number: 03867961)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Alexstel Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 03867961, the address of its registered office is 21 Gold Tops, Newport, Gwent, NP20 4PG.

These financial statements are the company's separate finanacial statements, covering the year to 30
September 2024 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The accounting policies applied in the presentation of these financial statements are set out below.
These policies have been consistently applied to all periods presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

The individual financial statements of Alexstel Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Alexstel Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.The preparation of the financial statements requires management to make estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, be likely to differ from the related actual results. The estimates and assumptions that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Fair value of investment property
Investment property is carried at fair value determined by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided.

Turnover and other operating income
Turnover and other operating income are measured at the fair value of consideration received or receivable excluding value added tax.

Alexstel Limited (Registered number: 03867961)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is carried at fair value determined by the directors and derived from the
current market rents and investment property yields for comparable real estate, adjusted if necessary
for any difference in the nature, location or condition of the specific asset. Changes in fair value are
recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Current and deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Alexstel Limited (Registered number: 03867961)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are stated at cost less impairment losses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 October 2023 211,978
Additions 5,848
At 30 September 2024 217,826
DEPRECIATION
At 1 October 2023 145,128
Charge for year 15,727
At 30 September 2024 160,855
NET BOOK VALUE
At 30 September 2024 56,971
At 30 September 2023 66,850

Cost or valuation at 30 September 2024 is represented by:

Plant and
machinery
etc
£   
Cost 217,826

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.9.24 30.9.23
£    £   
Other investments other than
loans 179,500 198,500

Alexstel Limited (Registered number: 03867961)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,390,000
Additions 727,944
At 30 September 2024 2,117,944
NET BOOK VALUE
At 30 September 2024 2,117,944
At 30 September 2023 1,390,000

The directors do not consider that there has been a material change in value since the last revaluation carried out in the year ending 30 September 2023. The revaluation was carried out by David James & Partners Limited, complying with the RICS Red Book basis of valuation.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,370 377
Other debtors 169,095 181,152
170,465 181,529

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 27,197 -
Trade creditors - 22,832
Taxation and social security 14,371 31,311
Other creditors 60,465 10,908
102,033 65,051

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 312,197 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 203,409 -

Alexstel Limited (Registered number: 03867961)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. SECURED DEBTS

The bank loan is secured by a first legal charge over an investment property, a mortgage debenture over the assets of the company and by joint and several guarantees of the directors limited to the loan liability value.

The bank loan is an interest only loan and is repayable within twenty nine years. The loan interest rate being charged is 6.99% per annum for the first two years and thereafter the interest rate will be 3.74% plus the lender's base rate.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
4 Ordinary £1 4 4

13. RESERVES
Retained
earnings
£   

At 1 October 2023 3,278,418
Deficit for the year (19,379 )
Dividends (15,000 )
At 30 September 2024 3,244,039

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.