REGISTERED NUMBER: 15353994 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 15 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

144 Alexandra Road Ltd

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

Fixed assets

Tangible assets

4

16,791

Investment property

5

405,000

421,791

Current assets

Cash at bank

5,663

Creditors

Amounts falling due within one year

6

272,002

Net current liabilities

(266,339

)

Total assets less current liabilities

155,452

Creditors

Amounts falling due after more than one year

7

(7,519

)

Provisions for liabilities

8

(51,325

)

Net assets

96,608

Capital and reserves

Called up share capital

9

1

Revaluation reserve

10

188,509

Retained earnings

(91,902

)

Shareholders' funds

96,608

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2025 and were signed by:

Mr T P Sullivan - Director

1.	STATUTORY INFORMATION

144 Alexandra Road Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15353994

Registered office:

144 Alexandra Road

Plymouth

Devon

PL4 7EQ

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.

Going concern

The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the director, who believes that the going concern basis of preparation remains appropriate in the company's circumstances.

Turnover

Turnover represents rent receivable for the period covered by the financial statements adjusted for amounts in advance or arrears as at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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 period 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.

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.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

Cost

Additions

22,388

At 31 December 2024

22,388

Depreciation

Charge for period

5,597

At 31 December 2024

5,597

Net book value

At 31 December 2024

16,791

5.	INVESTMENT PROPERTY

Total

£

Fair value

Additions

216,491

Revaluations

188,509

At 31 December 2024

405,000

Net book value

At 31 December 2024

405,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

405,000

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

£

Cost

216,491

The investment property was valued on an open market basis on 22 April 2025 by Allied Surveyors & Valuers .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

2,825

Other creditors

269,177

272,002

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

7,519

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

51,325

Deferred

tax

£

Provided during period

51,325

Balance at 31 December 2024

51,325

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

10.

RESERVES

Revaluation

reserve

£

P&L account transfer

188,509

At 31 December 2024

188,509

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £259,937 to T Sullivan, the director and sole shareholder. This amount is interest free, unsecured and carries no fixed term of repayment.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T P Sullivan.