Alex Duckett Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12484351 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ALEX DUCKETT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A W P Duckett

REGISTERED OFFICE:

6 Castle Meadows

Coity

Bridgend

CF35 6DA

REGISTERED NUMBER:

12484351 (England and Wales)

ACCOUNTANTS:

Graham Paul Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Investments

4

461,512

461,512

Investment property

5

118,750

118,750

580,262

580,262

CURRENT ASSETS

Cash at bank

2,875

4,242

CREDITORS

Amounts falling due within one year

6

241,374

225,615

NET CURRENT LIABILITIES

(238,499

)

(221,373

)

TOTAL ASSETS LESS CURRENT LIABILITIES

341,763

358,889

CREDITORS

Amounts falling due after more than one year

7

341,549

358,732

NET ASSETS

214

157

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

114

57

214

157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 October 2023 and were signed by:

A W P Duckett - Director

1.	STATUTORY INFORMATION

Alex Duckett Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2022

and 31 May 2023

461,512

NET BOOK VALUE

At 31 May 2023

461,512

At 31 May 2022

461,512

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2022

and 31 May 2023

118,750

NET BOOK VALUE

At 31 May 2023

118,750

At 31 May 2022

118,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

18,661

20,140

Amounts owed to group undertakings

77,670

86,853

Other creditors

145,043

118,622

241,374

225,615

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

341,549

358,732

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

248,244

248,893

8.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

360,210

378,872

9.	RELATED PARTY DISCLOSURES

Included in Other Creditors is a Loan from a minority shareholder of £143,045 (2022 £117,045) and a loan from the Director of £610 (2022 £317).