ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

ALDERLEY PROPERTIES LIMITED - Company Information

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Registered number: 04347260

ALDERLEY PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2019

ALDERLEY PROPERTIES LIMITED

REGISTERED NUMBER:04347260

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2019

		2019		2018
		£		£

FIXED ASSETS
Investments			150,000		150,000
			150,000		150,000
CURRENT ASSETS
Cash at bank and in hand		12,853		9,757
		12,853		9,757
Creditors: amounts falling due within one year	5	(1,111)		(580)
NET CURRENT ASSETS			11,742		9,177
TOTAL ASSETS LESS CURRENT LIABILITIES			161,742		159,177
Creditors: amounts falling due after more than one year	6		(101,391)		(101,392)
NET ASSETS			60,351		57,785

CAPITAL AND RESERVES
Called up share capital	7	100	100
Profit and loss account		60,251	57,685
		60,351	57,785

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ALDERLEY PROPERTIES LIMITED

REGISTERED NUMBER:04347260

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2019

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M D Lee

Director

Date: 13 March 2019

The notes on pages 3 to 5 form part of these financial statements.

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ALDERLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

1.	GENERAL INFORMATION

Alderley Properties Limited is a private limited company, limited by shares, incorporated and registered in England, United Kingdom. The registered number is 04347260 and the address of the registered office is 16 Queen Square, Bristol, BS1 4NT.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.4

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.5

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2018: 4).

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ALDERLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

4.	INVESTMENT PROPERTY

		Freehold investment property
		£
	VALUATION
	At 1 February 2018	150,000
	AT 31 JANUARY 2019	150,000

The 2019 valuations were made by the directors, on an open market value for existing use basis.


	AT 31 JANUARY 2019

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2019	2018
	£	£

	Historic cost	101,670	101,670
		101,670	101,670

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2019	2018
		£	£

Corporation tax	530	-
Accruals and deferred income	581	580
	1,111	580

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ALDERLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019




AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS
Bank loans	101,391	101,391
	101,391	101,391
	101,391	101,391

7.	SHARE CAPITAL
		2019	2018
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2018: 100) Ordinary shares of £1.00 each	100	100

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