Alexander David Securities Limited - Accounts to registrar (filleted) - small 18.2

Alexander David Securities Limited - Accounts to registrar (filleted) - small 18.2

ALEXANDER DAVID SECURITIES LIMITED - Company Information

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REGISTERED NUMBER: 06015379 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

ALEXANDER DAVID SECURITIES LIMITED
ALEXANDER DAVID SECURITIES LIMITED (REGISTERED NUMBER: 06015379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALEXANDER DAVID SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: D A H Scott





SECRETARY: Mrs S Scott





REGISTERED OFFICE: 49 Queen Victoria Street
London
EC4N 4SA





REGISTERED NUMBER: 06015379 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
ALEXANDER DAVID SECURITIES LIMITED (REGISTERED NUMBER: 06015379)

BALANCE SHEET
31 DECEMBER 2019

31.12.19 31.12.18
Notes £    £   
CURRENT ASSETS
Debtors 4 39,802 148,423
Investments 5 270,166 396,901
Cash at bank 22,885 17,610
332,853 562,934
CREDITORS
Amounts falling due within one year 6 118,015 371,043
NET CURRENT ASSETS 214,838 191,891
TOTAL ASSETS LESS CURRENT
LIABILITIES
214,838
191,891

CAPITAL AND RESERVES
Called up share capital 7 4,029,470 3,891,644
Retained earnings 8 (3,814,632 ) (3,699,753 )
SHAREHOLDERS' FUNDS 214,838 191,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2020 and were signed by:





D A H Scott - Director


The notes form part of these financial statements

Page 2
ALEXANDER DAVID SECURITIES LIMITED (REGISTERED NUMBER: 06015379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Alexander David Securities 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Alexander David Securities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The company meets its day to day working capital requirements with the support of its director, bankers and creditors. At the time of approving these financial statements, the board have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The board have taken all of these factors into account in their decision to prepare the financial statements on a going concern basis.

Turnover
Turnover represents amounts receivable for corporate advisory fees, fund management fees, commission income and other ancillary fees. It also includes the fair value of options over securities which have been received as consideration for corporate finance services rendered.

Fees for advisory engagements for which the work is substantially complete or which are at a stage where work for which separate payment is due is substantially complete, and which will become due but are not yet invoiced are recorded on a right to consideration basis. Where such fees are contingent on the outcome of of a transaction they are only accounted for after the transaction has completed.

Turnover is the amount derived from ordinary activities and is stated after trade discounts and Value Added Tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Page 3 continued...
ALEXANDER DAVID SECURITIES LIMITED (REGISTERED NUMBER: 06015379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Investments
Investments in quoted equity instruments are carried at fair value and the changes in fair value are recognised in the profit and loss account; all other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 7 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 17,040 90,282
Amounts owed by group undertakings - 2,178
Other debtors 12,282 51,123
Prepayments and accrued income 10,480 4,840
39,802 148,423

5. CURRENT ASSET INVESTMENTS
31.12.19 31.12.18
£    £   
Quoted investments 196,416 371,360
Unquoted investments 25,000 25,000
Warrants to buy quoted investments 48,750 541
270,166 396,901

Page 4 continued...
ALEXANDER DAVID SECURITIES LIMITED (REGISTERED NUMBER: 06015379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors 35,376 33,325
Social security and other taxes 30,387 46,999
Other creditors 30,273 22,704
Accruals and deferred income 21,979 268,015
118,015 371,043

Creditors at the balance sheet date include gross cost provisions in relation to the company's director amounting to £0 (2018: £115,672).

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.19 31.12.18
value: £    £   
3,891,644 Ordinary £1 4,029,470 3,891,644

137,826 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

8. RESERVES
Retained
earnings
£   

At 1 January 2019 (3,699,753 )
Deficit for the year (114,879 )
At 31 December 2019 (3,814,632 )

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Rosendale Investments Limited. Rosendale Investments Limited is incorporated in England & Wales and a copy of its financial statements is available from its registered office located at 30 Percy Street, London, W1T 2DB.

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