ACCOUNTS - Final Accounts

ALLIED SURVEYORS & VALUERS LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-06-302022-06-30false2021-07-01The principal activity during the year was that of Chartered Surveyors primarily involved in the survey andvaluation of residential property.45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06936426 2021-07-01 2022-06-30 06936426 2020-07-01 2021-06-30 06936426 2022-06-30 06936426 2021-06-30 06936426 c:Director4 2021-07-01 2022-06-30 06936426 d:CurrentFinancialInstruments 2022-06-30 06936426 d:CurrentFinancialInstruments 2021-06-30 06936426 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06936426 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 06936426 d:ShareCapital 2022-06-30 06936426 d:ShareCapital 2021-06-30 06936426 d:RetainedEarningsAccumulatedLosses 2022-06-30 06936426 d:RetainedEarningsAccumulatedLosses 2021-06-30 06936426 c:FRS102 2021-07-01 2022-06-30 06936426 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 06936426 c:FullAccounts 2021-07-01 2022-06-30 06936426 c:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 06936426 d:EntityControlledByKeyManagementPersonnel1 2021-07-01 2022-06-30 06936426 d:EntityControlledByKeyManagementPersonnel1 2020-07-01 2021-06-30 06936426 d:EntityControlledByKeyManagementPersonnel1 2022-06-30 06936426 d:EntityControlledByKeyManagementPersonnel1 2021-06-30 06936426 d:EntityControlledByKeyManagementPersonnel2 2021-07-01 2022-06-30 06936426 d:EntityControlledByKeyManagementPersonnel2 2020-07-01 2021-06-30 06936426 d:EntityControlledByKeyManagementPersonnel2 2022-06-30 06936426 d:EntityControlledByKeyManagementPersonnel2 2021-06-30 06936426 6 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 06936426

ALLIED SURVEYORS & VALUERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022


ALLIED SURVEYORS & VALUERS LIMITED REGISTERED NUMBER:06936426

BALANCE SHEET

AS AT 30 JUNE 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		1		1
Current assets
Debtors: amounts falling due within one year	5	1,002,150		1,070,213
		1,002,150		1,070,213
Creditors: amounts falling due within one year	6	(924,140)		(1,014,164)
Net current assets			78,010		56,049

Net assets			78,011		56,050

Capital and reserves
Called up share capital	1	1
Profit and loss account	78,010	56,049
	78,011	56,050

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ALLIED SURVEYORS & VALUERS LIMITED REGISTERED NUMBER:06936426

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S M Jago

Director

Date:
25 November 2022

The notes on pages 3 to 6 form part of these financial statements.

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ALLIED SURVEYORS & VALUERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

1.	General information

Allied Surveyors & Valuers Limited is a private limited company, limited by shares, incorporated in England and Wales. The address of the registered office is Building 2, Riverside Court, Bowling Hill, Chipping Sodbury, Bristol, BS37 6JX.

2.Accounting policies

2.1

Basis of preparation of financial statements

These financial statements are prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” as applied in the context of the small entities regime.
The accounts have been prepared under the going concern basis.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company is exempt under section 399 of the companies act from the requirement to prepare consolidated financial statements by virtue of the fact that it is subject to the small companies regime. These financial statements contain information about the company as an individual undertaking and not about the group it is a part of.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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ALLIED SURVEYORS & VALUERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including directors, during the year was 4 (2021 -5).

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ALLIED SURVEYORS & VALUERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 July 2021	1
	At 30 June 2022	1

Debtors

					2022	2021
					£	£


Trade debtors	562,941	516,825
Amounts owed by group companies	439,208	553,387
Other debtors	1	1
	1,002,150	1,070,213

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	805,502	868,187
Other taxation and social security	15,001	6,579
Other creditors	97,467	138,855
Accruals and deferred income	6,170	543
	924,140	1,014,164

7.	Controlling party

On 1 December 2020 the group was restructured and a new holding company was integrated into the group via merger accounting. The ultimate beneficial owner of the company has stayed the same throughout the reconstruction.

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ALLIED SURVEYORS & VALUERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

Related party transactions

The company has taken advantage of the exemption available under FRS 102 and not disclosed transactions with any wholly owned group companies.
During the year, the company purchased services to value of £130,984 (2021 - £128,899) from a company under common control. At 30 June 2022, the amount outstanding was £16,774 (2021 - £15,895). The directors have confirmed the transactions took place under normal market rate conditions.

During the year, the company purchased services to value of £268,826 (2021 - £323,285) from a company under common control. At 30 June 2022, the amount outstanding was £37,847 (2021 - £31,001). The directors have confirmed the transactions took place under normal market rate conditions.

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