WILLIAM_ALEXANDER_PROPERT - Accounts

WILLIAM ALEXANDER PROPERTIES LIMITED - Company Information

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Company Registration No. 09875201 (England and Wales)

WILLIAM ALEXANDER PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2017

WILLIAM ALEXANDER PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WILLIAM ALEXANDER PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2017

- 1 -

2017

Notes

Fixed assets

Tangible assets

829,847

Current assets

Debtors

2,320

Cash at bank and in hand

2,398

Creditors: amounts falling due within one year

(68,943)

Net current liabilities

(66,545)

Total assets less current liabilities

763,302

Creditors: amounts falling due after more than one year

(771,557)

(8,255)

Capital and reserves

Called up share capital

100

Profit and loss account

(8,355)

Shareholders' funds

(8,255)

For the financial period ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

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

Approved by the Board for issue on 14 August 2017

Mr E.S Limbrey

Director

Company Registration No. 09875201

WILLIAM ALEXANDER PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2017

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has net liabilities at the balance sheet date of £8,255. However the company's directors have indicated that they will continue to support the company, and not demand repayment of their loans until the company can afford to do so. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the loan facility by the company's directors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixed assets

Tangible assets

Cost

At 17 November 2015

Additions

830,163

At 31 March 2017

830,163

Depreciation

At 17 November 2015

Charge for the period

316

At 31 March 2017

316

Net book value

At 31 March 2017

829,847

WILLIAM ALEXANDER PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2017

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £36,780.

Bank loans of £36,780 are secured by a legal mortgage over the company's investment property.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £488,095.

Bank loans of £488,095 are secured by a legal mortgage over the company's investment property.

Share capital

2017

Allotted, called up and fully paid

30 A Ordinary of £1 each

30 B Ordinary of £1 each

20 C Ordinary of £1 each

20 D Ordinary of £1 each

100