Grade A Alternative Properties Limited 31/12/2022 iXBRL
Grade A Alternative Properties Limited 31/12/2022 iXBRL
Company registration number:
08748948
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Sterling House | ||
501 Middleton Road | ||
Chadderton | ||
Oldham | ||
OL9 LY | ||
Bankers |
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4th Floor | ||
15 Quay Street | ||
Manchester | ||
M3 3HN | ||
Statement of financial position
31 December 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 9 |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 September 2023
, and are signed on behalf of the board by:
Director
Company registration number:
08748948
Notes to the financial statements
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Kennedy Street, Manchester, England, M2 4BY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Impairment
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
2
).
5.
Tangible assets
Freehold property | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 January 2022 |
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Additions | - |
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At 31 December 2022 |
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Depreciation | |||||
At 1 January 2022 | - |
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Charge for the year | - |
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At 31 December 2022 | - |
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Carrying amount | |||||
At 31 December 2022 |
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At 31 December 2021 |
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Investment property
6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Trade creditors |
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Social security and other taxes |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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The bank loan is secured by way of a mortgage debenture dated 12 June 2014.
Included within creditors: amounts falling due after more than one year is an amount of £ 7,300,000
(2021 £ 7,300,000 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The bank loan is subject to interest charged at 3.83%
9.
Reserves
Included in profit and loss account is an amount of £4,491,874 (2021 - £4,491,874) which is non- distributable.