Alexander David Holdings Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06022522 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ALEXANDER DAVID HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D A H Scott

SECRETARY:

Mrs S Scott

REGISTERED OFFICE:

2 Jardine House

The Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

06022522 (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

FIXED ASSETS

Investments

4

-

166,993

CURRENT ASSETS

Debtors

5

-

5,325

Cash at bank

30

30

30

5,355

CREDITORS

Amounts falling due within one year

6

24,179

-

NET CURRENT (LIABILITIES)/ASSETS

(24,149

)

5,355

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,149

)

172,348

CAPITAL AND RESERVES

Called up share capital

7

174,895

174,895

Share premium

14,969

14,969

Retained earnings

(214,013

)

(17,516

)

SHAREHOLDERS' FUNDS

(24,149

)

172,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 28 November 2022 and were signed by:

D A H Scott - Director

1.	STATUTORY INFORMATION

Alexander David Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Alexander David Holdings 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.

Related party exemption

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2021

and 31 December 2021

622,826

PROVISIONS

At 1 January 2021

455,833

Impairments

166,993

At 31 December 2021

622,826

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

166,993

Cost or valuation at 31 December 2021 is represented by:

Shares in

group

undertakings

£

Cost

622,826

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Alexander David Securities Limited

Registered office: 49 Queen Victoria Street, London, EC4N 4SA

Nature of business: Stockbrokers

%

Class of shares:

holding

Ordinary

100.00

31.12.21

31.12.20

£

£

Aggregate capital and reserves

216,042

166,993

Profit/(loss) for the year

49,049

(47,845

)

The company owns the entire equity share capital of Alexander David Securities Limited, a private limited trading company incorporated in the United Kingdom and registered with the Financial Conduct Authority (FCA).

During June, 2022, following a number of claims upheld by the Financial Ombudsman for investor misselling which resulted in the FCA issuing a First Supervisory Notice imposing restrictions on certain regulated activities, Alexander David Securities Limited was put into Creditors' Voluntary Liquidation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Amounts owed by group undertakings

-

5,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Amounts owed to group undertakings

17,817

-

Accruals and deferred income

6,362

-

24,179

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

29,498

Ordinary Shares

1p

295

295

85,000

8% Preference Shares

£1

85,000

85,000

89,600

12% Preference Shares

£1

89,600

89,600

174,895

174,895

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Rosendale Investments Limited.

Rosendale Investments Limited is incorporated in England & Wales under number 08546500 and a copy of its financial statements is available from its registered office at 30 Percy Street, London, W1T 2DB.

There is no overall controlling party.