Registration number: 00478747

Alco Estates Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Alco Estates Limited

Company Information

Directors

Mr Alexander Graham Guy Henshaw Mrs Judith Margaret Henshaw

Registered office

Boathouse Sandhurst Road Sandilands Sutton On Sea Lincolnshire LN12 2RH

Solicitors

Roythorne & Co 10 Pinchbeck Road Spalding Lincolnshire PE11 1PZ

Alco Estates Limited

(Registration number: 00478747)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	6,859,279	6,858,915
Other financial assets	5	5,577,165	5,311,085
		12,436,444	12,170,000
Current assets
Debtors	6	169,872	219,233
Cash at bank and in hand		217,258	249,598
		387,130	468,831
Creditors: Amounts falling due within one year	7	(350,830)	(267,033)
Net current assets		36,300	201,798
Total assets less current liabilities		12,472,744	12,371,798
Provisions for liabilities		(859,178)	(813,644)
Net assets		11,613,566	11,558,154
Capital and reserves
Called up share capital		5,000	5,000
Revaluation reserve		5,618,732	5,618,732
Other reserves		166,004	28,847
Retained earnings		5,823,830	5,905,575
Shareholders' funds		11,613,566	11,558,154

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:
 

Alco Estates Limited

(Registration number: 00478747)
Balance Sheet as at 31 December 2024

......................................... Mr Alexander Graham Guy Henshaw Director

Alco Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Boathouse
Sandhurst Road
Sandilands
Sutton On Sea
Lincolnshire
LN12 2RH

These financial statements were authorised for issue by the Board on 8 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Alco Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class	Depreciation method and rate
Land and buildings	Depreciation not provided on freehold land and buildings
Plant and machinery	20% per annum on net book value
Fixtures and fittings	25% per annum on net book value
Other tangibles	15% per annum on net book value

Pension

The company contributes into the directors individual pensions. The amounts paid in the year are recognised in the profit and loss account.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

Alco Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other Tangible assets £	Total £
Cost or valuation
At 1 January 2024	6,858,433	6,822	35,324	6,900,579
Additions	-	946	-	946
Disposals	-	(1,270)	-	(1,270)
At 31 December 2024	6,858,433	6,498	35,324	6,900,255
Depreciation
At 1 January 2024	-	6,340	35,324	41,664
Charge for the year	-	582	-	582
Eliminated on disposal	-	(1,270)	-	(1,270)
At 31 December 2024	-	5,652	35,324	40,976
Carrying amount
At 31 December 2024	6,858,433	846	-	6,859,279
At 31 December 2023	6,858,433	482	-	6,858,915

Revaluation

The fair value of the Company's Investment land and properties was revalued on 31 December 2024. An independent valuer was not involved.
The basis of this valuation was at current market value.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £435,794 (2023 - £435,794).

Alco Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	5,311,084	5,311,084
Fair value adjustments	285,713	285,713
Additions	1,033,481	1,033,481
Disposals	(1,053,113)	(1,053,113)
At 31 December 2024	5,577,165	5,577,165
Impairment
Carrying amount
At 31 December 2024	5,577,165	5,577,165

The fair value of the listed investments has been determined by using the market value of the investment provided by the stockbroker at the year end.

The fair value is £5,577,167 (2023: £5,311,085) and change in value included in the profit and loss account is £285,713(Credit) (2023 (£419,961 (Credit)).

6

Debtors

Current	2024 £	2023 £
Trade debtors	168,103	216,996
Prepayments	232	207
Other debtors	1,537	2,030
	169,872	219,233

Details of non-current trade and other debtors

£110,047 (2023 -£88,370) of Trade Debtors is classified as non current.

Alco Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		272,473	179,261
Trade creditors		15,836	26,640
Taxation and social security		21,883	20,772
Accruals and deferred income		40,638	40,360
		350,830	267,033