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2017.03.01
Alcombe Limited
1549298
2017-04-04
2018-04-02
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AUDITED FINANCIAL STATEMENTS
|
PERIOD FROM 04 APRIL 2017 TO 2 APRIL 2018
|
COMPANY REGISTRATION NUMBER - 1549298
|
|
1. |
ALCOMBE LIMITED
|
COMPANY NUMBER - 1549298
|
|
BALANCE SHEET AS AT
2 APRIL 2018
|
|
|
|
Notes |
£ |
£ |
£ |
£ |
FIXED ASSETS
|
|
Investments |
4 |
|
5
|
|
5
|
|
Cost of Investments in |
|
|
Joint Property Syndicates |
5 |
|
10,578 |
|
10,578 |
|
Investments-Joint Property |
|
|
Syndicates |
6 |
|
805,200 |
|
788,400 |
|
|
|
|
|
|
|
|
|
815,783
|
|
798,983
|
CURRENT ASSETS
|
|
Cash at bank and in hand |
|
79,989
|
|
39,082
|
|
|
|
|
|
|
|
|
79,989
|
|
39,082
|
CURRENT LIABILITIES
|
|
CREDITORS - Amounts |
falling due within one year |
7 |
186,234
|
|
127,794
|
|
|
|
|
|
|
NET CURRENT LIABILITIES
|
|
|
(106,245) |
|
(88,712) |
|
|
|
|
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
|
709,538
|
|
710,271
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES
|
|
Called up share capital |
8 |
|
2
|
|
2
|
|
Profit - Not distributable |
|
|
603,106 |
|
603,106 |
|
Profit and Loss account |
|
|
106,430 |
|
107,163 |
|
|
|
|
|
|
SHAREHOLDERS' FUNDS
|
|
|
709,538
|
|
710,271
|
|
|
|
|
|
|
|
These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
Approved by the board of directors on18 January 2019
|
|
and signed on their behalf by: |
|
|
|
2. |
ALCOMBE LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
PERIOD ENDED 2 APRIL 2018
|
|
|
1. COMPANY INFORMATION
|
|
Alcombe Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 1549298.
The company's registered office is 309 Bury New Road, Salford, M7 7YN, .
|
2. ACCOUNTING POLICIES
|
|
BASIS OF ACCOUNTING
|
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and corresponding tax bases used in the computation of the of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
|
INVESTMENTS IN JOINT PROPERTY SYNDICATES
|
Investments in syndicates are accounted for under the equity accounting method.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The average number of persons employed by the company (including directors) during the period was 1 (2017 - 1).
|
3. |
ALCOMBE LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
PERIOD ENDED 2 APRIL 2018
|
|
|
4. FIXED ASSETS - INVESTMENTS
|
|
Unlisted |
|
Investments |
|
£ |
Cost |
At 4 April 2017 |
5 |
|
|
and 2 April 2018 |
|
|
|
|
5. COST OF INVESTMENTS IN JOINT PROPERTY SYNDICATES
|
|
This represents the cost of the company's investment in various property syndicates.
|
6. INVESTMENTS IN JOINT SYNDICATES
|
Investment at 4 April 2017 |
788,400 |
Surplus for the period |
52,707 |
|
|
|
841,107 |
Repaid |
(35,907) |
|
|
|
805,200 |
|
|
|
|
2018 |
|
2017 |
|
---- |
|
---- |
|
£ |
|
£ |
7. CREDITORS
|
|
Amounts falling due within one year: |
Bank overdraft |
131
|
|
131
|
Due to Parent Undertaking-secured |
135,024
|
|
75,024
|
Other creditors |
51,079
|
|
52,639
|
|
|
|
|
|
186,234 |
|
127,794 |
|
|
|
|
|
|
8. CALLED UP SHARE CAPITAL
|
|
There was no change in share capital during the period.
Allotted, called up and fully paid |
shares of £1 eachOrdinary
|
2 |
|
2 |
|
|
|
|
|
9. PROVISIONS FOR SMALL ENTITIES
|
|
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the accounts.
|
4. |
ALCOMBE LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
PERIOD ENDED 2 APRIL 2018
|
|
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10. RELATED PARTY TRANSACTIONS
|
|
Beauland Ltd has lent the company various sums of money over the years, fully secured and interest bearing at a rate of 5% above base. At the year end £135,024 was outstanding and interest of £4,145 was charged. Gift aid of £46,560 is due to the parent company for the year.
The company is a fully owned subsidiary of Beauland Ltd, a charity company registered in the UK.
|
12. SUMMARY AUDIT OPINION
|
|
The audit report in respect of these accounts for the year ended 2 April 2018 was unqualified with no emphasis of matter.
|
Dov Schwarz
|
Haffner Hoff Ltd
|
18 January 2019
|