Alexandra Dunhill Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11704293 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ALEXANDRA DUNHILL LIMITED

TRADING AS

LADY A

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A J Dunhill-Turner

Dr N Dunhill-Turner

Mr P Dunhill-Turner

REGISTERED OFFICE:

Fifth floor

11 Leadenhall Street

London

EC3V 1LP

REGISTERED NUMBER:

11704293 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Chartered Accountants & Tax Advisers

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Intangible assets

4

21,386

9,820

Tangible assets

5

1,897

1,291

23,283

11,111

CURRENT ASSETS

Stocks

90,408

84,280

Debtors

6

15,639

30,555

Cash at bank

8,533

1,636

114,580

116,471

CREDITORS

Amounts falling due within one year

7

116,749

214,079

NET CURRENT LIABILITIES

(2,169

)

(97,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,114

(86,497

)

CREDITORS

Amounts falling due after more than one year

8

66,878

-

NET LIABILITIES

(45,764

)

(86,497

)

CAPITAL AND RESERVES

Called up share capital

9

3

3

Share premium

167,203

-

Retained earnings

(212,970

)

(86,500

)

SHAREHOLDERS' FUNDS

(45,764

)

(86,497

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2021 and were signed on its behalf by:

Mrs A J Dunhill-Turner - Director

1.	STATUTORY INFORMATION

Alexandra Dunhill 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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company accounting policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In preparing the financial statements, management were not required to make any estimates or judgments which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, apart from estimating the useful lives of the company's tangible and intangible fixed assets.

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.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Website costs is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors greater than one year are recognized initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

GOING CONCERN

At the balance sheet date, the company had net liabilities. The directors have sufficient funding facilities to enable the company meet its liabilities as they fall due. The directors have considered the financial information and projected future income, and are satisfied that the company will continue to trade as a going concern, meeting its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Website

Trademarks

costs

Totals

£

£

£

Cost

At 1 January 2020

-

10,000

10,000

Additions

8,727

7,141

15,868

At 31 December 2020

8,727

17,141

25,868

Amortisation

At 1 January 2020

-

180

180

Amortisation for year

873

3,429

4,302

At 31 December 2020

873

3,609

4,482

Net book value

At 31 December 2020

7,854

13,532

21,386

At 31 December 2019

-

9,820

9,820

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 January 2020

1,409

Additions

999

At 31 December 2020

2,408

Depreciation

At 1 January 2020

118

Charge for year

393

At 31 December 2020

511

Net book value

At 31 December 2020

1,897

At 31 December 2019

1,291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

12,756

-

VAT

2,883

26,226

Prepayments and accrued income

-

4,329

15,639

30,555

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

5,833

-

Other loans

-

134,473

Trade creditors

22,944

43,911

Directors' current accounts

87,572

35,295

Accruals and deferred income

400

400

116,749

214,079

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans - 1-2 years

10,000

-

Bank loans - 2-5 years

30,000

-

Bank loans more 5 yr by instal

4,167

-

Other creditors

22,711

-

66,878

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,167

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1,176

Ordinary

£0.0025

3

3

During the year there was a sub-division of 1000 shares and 176 additional shares issued. The share premium account is non-distributable.