Alliance Property Developments U.K. Limited Company Accounts
Alliance Property Developments U.K. Limited Company Accounts
COMPANY REGISTRATION NUMBER:
03757251
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Financial Statements |
Year ended 30 June 2017
Contents |
Page |
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Accounting policies |
4 |
Notes to the financial statements |
6 |
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Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 30 June 2017
3 Churchmeadows
Bulford Road
Shipton Bellinger
Tidworth
Hampshire
SP9 7RL
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Other reserves |
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Profit and loss account |
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Member funds |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 March 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
03757251
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Accounting Policies |
Year ended 30 June 2017
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Revenue recognition
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold; deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
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Notes to the Financial Statements |
Year ended 30 June 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sandown Sports Park, More Lane, Esher, Surrey, KT10 8AN, England.
2.
Statement of compliance
3.
Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2016:1)
4.
Tangible assets
Land and buildings |
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£ |
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Cost or valuation |
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At 1 July 2016 |
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Disposals |
(
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Revaluations |
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At 30 June 2017 |
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Depreciation |
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At 1 July 2016 and 30 June 2017 |
– |
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Carrying amount |
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At 30 June 2017 |
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At 30 June 2016 |
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Tangible assets held at valuation
The investment properties have been valued at open market value by the director.
5.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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The debtors above include the following amounts falling due after more than one year:
2017 |
2016 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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7.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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8.
Fair value reserve
The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:
2017 |
2016 |
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£ |
£ |
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At start of year |
7,230,460 |
7,139,607 |
Surplus on revaluation of land and buildings |
38,251 |
– |
Tax relating to components of other comprehensive income |
7,565 |
90,853 |
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At end of year |
7,276,276 |
7,230,460 |
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9.
Related party transactions
The company was under the control of
Mr. R. Cooper
who is the sole director and has a beneficial interest of 100% of the issued share capital.
10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.
Reconciliation of equity
1 July 2015 |
30 June 2016 |
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As previously stated |
Effect of transition |
FRS 102 (as restated) |
As previously stated |
Effect of transition |
FRS 102 (as restated) |
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£ |
£ |
£ |
£ |
£ |
£ |
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Fixed assets |
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– |
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– |
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Current assets |
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– |
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– |
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Creditors: amounts falling due within one year |
(
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– |
(
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(
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– |
(
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Net current assets |
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– |
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– |
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Total assets less current liabilities |
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– |
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– |
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Creditors: amounts falling due after more than one year |
(
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– |
(
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(
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– |
(
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Provisions |
– |
(
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(
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– |
(
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(
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Net assets |
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(
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(
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Capital and reserves |
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(
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(
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The transition adjustments relate to deferred taxation provisions in respect of property revaluations.