James Alexander Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08165186 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

James Alexander Enterprises Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

175,000

160,000

CURRENT ASSETS

Debtors

5

53,518

67,961

Cash at bank

264

1,011

53,782

68,972

CREDITORS

Amounts falling due within one year

6

(36,090

)

(16,781

)

NET CURRENT ASSETS

17,692

52,191

TOTAL ASSETS LESS CURRENT LIABILITIES

192,692

212,191

CREDITORS

Amounts falling due after more than one year

7

(114,168

)

(114,918

)

NET ASSETS

78,524

97,273

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

43,508

22,807

Retained earnings

34,916

74,366

SHAREHOLDERS' FUNDS

78,524

97,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 25 February 2021 and were signed by:

Mr A J Johnson - Director

1.	STATUTORY INFORMATION

James Alexander Enterprises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08165186

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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 as modified by the revaluation of certain assets.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2019

160,000

Revaluations

15,000

At 31 August 2020

175,000

NET BOOK VALUE

At 31 August 2020

175,000

At 31 August 2019

160,000

Fair value at 31 August 2020 is represented by:

£

Valuation in 2018

28,508

Valuation in 2020

15,000

Cost

131,492

175,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Amounts owed by associates

53,440

67,500

Other debtors

78

461

53,518

67,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans and overdrafts

2,636

2,413

Trade creditors

-

702

Other creditors

33,454

13,666

36,090

16,781

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans

114,168

114,918

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years by installments

101,404

103,042

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.20

31.8.19

£

£

Bank loans

116,804

117,331

Loans are secured by way of a charge on the investment property.

9.

RESERVES

Fair

value

reserve

£

At 1 September 2019

22,807

Fair value revaluation

20,701

At 31 August 2020

43,508