Company registration number 02396814 (England and Wales)
ALEX PROPERTY DEVELOPMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
ALEX PROPERTY DEVELOPMENT LTD
COMPANY INFORMATION
Director
H L Priestley
Company number
02396814
Registered office
Pavilion View
19 New Road
Brighton
East Sussex
United Kingdom
BN1 1EY
Accountants
Carpenter Box
26 Stroudley Road
Brighton
East Sussex
BN1 4BH
ALEX PROPERTY DEVELOPMENT LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ALEX PROPERTY DEVELOPMENT LTD
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
153
227
Investments
4
15,000
15,000
15,153
15,227
Current assets
Stocks
2,547,070
6,449,336
Debtors
5
56,126
36,781
Cash at bank and in hand
194,154
90,659
2,797,350
6,576,776
Creditors: amounts falling due within one year
6
(434,652)
(2,739,289)
Net current assets
2,362,698
3,837,487
Total assets less current liabilities
2,377,851
3,852,714
Provisions for liabilities
7
-
0
(258,633)
Net assets
2,377,851
3,594,081
Capital and reserves
Called up share capital
10,000
10,000
Share premium account
524,787
524,787
Profit and loss reserves
1,843,064
3,059,294
Total equity
2,377,851
3,594,081

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ALEX PROPERTY DEVELOPMENT LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 13 May 2026
H L Priestley
Director
Company registration number 02396814 (England and Wales)
ALEX PROPERTY DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Alex Property Development Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Pavilion View, 19 New Road, Brighton, East Sussex, United Kingdom, BN1 1EY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue represents amounts received from the sale of property and is recognised when legal title is passed.

Other income from rents receivable is recognised for the period that the rent covers.

1.4
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
Office equipment
25% on cost
1.5
Fixed asset investments

Unlisted investments recognised and stated at cost less impairments.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stock is valued at the lower of deemed cost and estimated selling price less costs to complete and sell.

ALEX PROPERTY DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

ALEX PROPERTY DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
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 measures 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.

1.10

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024 - 2).

3
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 July 2024
11,142
10,774
21,916
Additions
-
0
180
180
At 30 June 2025
11,142
10,954
22,096
Depreciation and impairment
At 1 July 2024
11,142
10,547
21,689
Depreciation charged in the year
-
0
254
254
At 30 June 2025
11,142
10,801
21,943
Carrying amount
At 30 June 2025
-
0
153
153
At 30 June 2024
-
0
227
227
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
15,000
15,000
ALEX PROPERTY DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,561
1,243
Other debtors
32,331
17,836
40,892
19,079
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
15,234
17,702
Total debtors
56,126
36,781
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,411
2,654
Taxation and social security
19,269
27,562
Other creditors
403,972
2,709,073
434,652
2,739,289
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
-
0
258,633
8
Secured debts

Included within Other Creditors is an outstanding loan of £388,820 (2024: £2,684,425) secured by the lender via fixed and floating charges across all of the company's property and other assets.

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