Allied Estates (South East) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03328138 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025

FOR

ALLIED ESTATES (SOUTH EAST) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S A Vince

N J Vince

REGISTERED OFFICE:

Sutton Court Barn

Barlavington Lane

Sutton

Pulborough

West Sussex

RH20 1PN

REGISTERED NUMBER:

03328138 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

-

Investment property

4

6,172,022

5,672,580

6,172,022

5,672,580

CURRENT ASSETS

Stocks

5

2,964,471

2,667,860

Debtors

6

37,949

545,619

Cash at bank

3,983

4,236

3,006,403

3,217,715

CREDITORS

Amounts falling due within one year

7

3,571,498

3,158,049

NET CURRENT (LIABILITIES)/ASSETS

(565,095

)

59,666

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,606,927

5,732,246

CREDITORS

Amounts falling due after more than one
year

8

(1,974,085

)

(1,621,640

)

PROVISIONS FOR LIABILITIES

(685,549

)

(748,687

)

NET ASSETS

2,947,293

3,361,919

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

2,636,368

3,044,349

Retained earnings

310,825

317,470

SHAREHOLDERS' FUNDS

2,947,293

3,361,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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 by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

N J Vince - Director

1.	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.

Turnover

Turnover represents the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

Turnover represents sales of goods net of trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 31 March 2024

and 30 March 2025

2,064

DEPRECIATION

At 31 March 2024

and 30 March 2025

2,064

NET BOOK VALUE

At 30 March 2025

-

At 30 March 2024

-

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

5,672,580

Additions

970,562

Revaluations

(471,120

)

At 30 March 2025

6,172,022

NET BOOK VALUE

At 30 March 2025

6,172,022

At 30 March 2024

5,672,580

Fair value at 30 March 2025 is represented by:

£

Valuation in 2020

3,210,566

Valuation in 2021

312,681

Valuation in 2024

269,789

Valuation in 2025

(468,870

)

Cost

2,847,856

6,172,022

5.

STOCKS

2025

2024

£

Stocks

2,964,471

2,667,860

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

21,030

501,219

Directors' loan accounts

16,919

44,400

37,949

545,619

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,000

10,000

Trade creditors

407

996

Tax

-

5,679

Other creditors

3,558,489

3,132,580

Accruals and deferred income

1,890

2,457

Accrued expenses

5,712

6,337

3,571,498

3,158,049

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

10,000

Bank loans - 2-5 years

9,762

7,857

Bank loans more 5 yr by instal

1,603,783

Hire purchase contracts

350,540

-

1,974,085

1,621,640

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,603,783

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

1,628,545

1,631,640

Security for bank loans is in the form of a legal charge over the freehold and leasehold properties owned by the company at the year end.

10.

RESERVES

Revaluatio

reserve

£

At 31 March 2024

3,044,349

Movement in the year

(407,981

)

At 30 March 2025

2,636,368

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

N J Vince

Balance outstanding at start of year

44,400

(1,359

)

Amounts advanced

274,680

76,311

Amounts repaid

(302,161

)

(30,552

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,919

44,400

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Companies under common control

Amount
due from

Amount
due to

£

Opening balance

-

3,132,580

Amounts advanced

-

793,370

Amounts repaid

-

-367,461

Closing balance

-

-3,558,489

These balances are included in debtors and creditors respectively.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Vince.

This was by virtue of his 100% holding of the issued share capital.