Company Registration No. 06588378 (England and Wales)
Alow Estates Limited
Unaudited accounts
for the year ended 31 May 2021
Alow Estates Limited
Unaudited accounts
Contents
Alow Estates Limited
Company Information
for the year ended 31 May 2021
Company Number
06588378 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts
EN8 7AN
United Kingdom
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
Herts.
EN8 7AN
Alow Estates Limited
Statement of financial position
as at 31 May 2021
Tangible assets
1,273
1,414
Investment property
1,686,703
1,499,873
Cash at bank and in hand
302,646
188,440
Creditors: amounts falling due within one year
(1,310,543)
(949,937)
Net current liabilities
(969,398)
(752,655)
Total assets less current liabilities
725,578
755,632
Creditors: amounts falling due after more than one year
(298,912)
(673,706)
Called up share capital
100
100
Revaluation reserve
273,000
(55,000)
Profit and loss account
153,566
136,826
Shareholders' funds
426,666
81,926
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2022 and were signed on its behalf by
Abraham Low
Director
Company Registration No. 06588378
Alow Estates Limited
Notes to the Accounts
for the year ended 31 May 2021
Alow Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 06588378. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
3,473
115
3,588
At 31 May 2021
3,473
115
3,588
At 1 June 2020
2,062
112
2,174
Charge for the year
141
-
141
At 31 May 2021
2,203
112
2,315
At 31 May 2021
1,270
3
1,273
At 31 May 2020
1,411
3
1,414
Fair value at 1 June 2020
1,499,873
Alow Estates Limited
Notes to the Accounts
for the year ended 31 May 2021
6
Investments
Other investments
Valuation at 1 June 2020
7,000
Valuation at 31 May 2021
7,000
7
Debtors: amounts falling due within one year
2021
2020
Other debtors
38,499
8,842
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
397,859
180,414
Taxes and social security
9,178
6,273
Other creditors
691,316
517,822
Loans from directors
209,435
239,685
9
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
298,912
673,706
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
