Alternative_Cruise_Parking_Ltd_31_Mar_2026_companies_house_set_of

Alternative Cruise Parking Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of Alternative Cruise Parking Limited

Year ended

31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

abridged financial statements

Alternative Cruise Parking Limited

for the year ended

31 March 2026

which comprise the abridged income statement, statement of income and retained earnings, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/.

This report is made solely to the Board of Directors of

Alternative Cruise Parking Limited

, as a body, in accordance with the terms of our engagement letter dated 30 October 2018. Our work has been undertaken solely to prepare for your approval the

abridged financial statements

Alternative Cruise Parking Limited

and state those matters that we have agreed to state to the Board of Directors of

Alternative Cruise Parking Limited

, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

Alternative Cruise Parking Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

Alternative Cruise Parking Limited

has kept adequate accounting records and to prepare statutory

abridged financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Alternative Cruise Parking Limited

. You consider that

Alternative Cruise Parking Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the abridged financial statements of Alternative Cruise Parking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

Switch Accounting

The IncuHive Space, Hursley Campus

Hursley Park Road

Winchester

Hampshire

SO21 2JN

United Kingdom

Date:

14 June 2026

		2026	2025
Fixed assets
Tangible assets	5	389,524		394,814
Current assets
Debtors		9,000		9,000
Cash at bank and in hand		57,083		122,478
		66,083		131,478
Creditors: amounts falling due within one year		(99,235	)	(204,160	)
Net current liabilities		(33,152	)	(72,682	)
Total assets less current liabilities		356,372		322,132
Provisions for liabilities		(11,042	)	(12,165	)
Net assets		345,330		309,967
Capital and reserves
Called up share capital		100		100
Profit and loss account		345,230		309,867
Shareholders funds		345,330		309,967

Alternative Cruise Parking Limited

Notes to the Abridged Financial Statements

Year ended

31 March 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Speedwell House

West Quay Road

Southampton

SO15 1GY

, England.

2 Statement of compliance

These

abridged financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

abridged financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

abridged financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill

25% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	20% reducing balance
Motor vehicles	20% reducing balance
Office equipment	20% reducing balance
Fixtures and fittings	20% reducing balance
Land and buildings	20% reducing balance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

13.00

5 Fixed assets

	Intangible assets		Tangible assets		Total
	£		£		£
Cost
At 1 April 2025	8,500		472,783		481,283
Additions	-		5,525		5,525
Disposals	(8,500	)	(6,038	)	(14,538	)
At 31 March 2026	-		472,270		472,270
Amortisation and depreciation
At 1 April 2025	8,500		77,969		86,469
Charge	-		10,815		10,815
Disposals	(8,500	)	(6,038	)	(14,538	)
At 31 March 2026	-		82,746		82,746
Carrying amount
At 31 March 2026	-		389,524		389,524
At 31 March 2025	-		394,814		394,814

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	2026	2025
	Tangible assets	Tangible assets
	£	£
Aggregate historical cost	340,812	340,812
Carrying amount	340,812	340,812

Investment property

Included in tangible assets are the following amounts related to investment properties held at valuation:

	2026
	£
Carrying value at 1 April 2025 and 31 March 2026	340,812

6 Controlling party

The ultimate controlling parties of the business are Mr & Mrs Cator by virtue of the fact that they hold the majority of the share capital.

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	389,524		394,814
Current assets
Debtors		9,000		9,000
Cash at bank and in hand		57,083		122,478
		66,083		131,478
Creditors: amounts falling due within one year		(99,235	)	(204,160	)
Net current liabilities		(33,152	)	(72,682	)
Total assets less current liabilities		356,372		322,132
Provisions for liabilities		(11,042	)	(12,165	)
Net assets		345,330		309,967
Capital and reserves
Called up share capital		100		100
Profit and loss account		345,230		309,867
Shareholders funds		345,330		309,967