Alfresco Investments Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13831392 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

6 JANUARY 2022 TO 31 JANUARY 2023

FOR

ALFRESCO INVESTMENTS HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N P Briant

REGISTERED OFFICE:

85 Ringwood Road

Poole

United Kingdom

Dorset

BH14 0RH

REGISTERED NUMBER:

13831392 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Investment property

4

1,257,542

CURRENT ASSETS

Debtors

5

219

Cash at bank

68

287

CREDITORS

Amounts falling due within one year

6

563,823

NET CURRENT LIABILITIES

(563,536

)

TOTAL ASSETS LESS CURRENT LIABILITIES

694,006

CREDITORS

Amounts falling due after more than one year

7

684,932

NET ASSETS

9,074

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

9,072

9,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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 5 October 2023 and were signed by:

Mr N P Briant - Director

1.	STATUTORY INFORMATION

Alfresco Investments 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.

Turnover

Turnover is the total amount receivable in the year for rent. Income is recognised monthly when the rent becomes due.

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.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,257,542

At 31 January 2023

1,257,542

NET BOOK VALUE

At 31 January 2023

1,257,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

219

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

83,917

Trade creditors

1,020

Taxation and social security

10,425

Other creditors

468,461

563,823

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

684,932

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

349,265

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

768,849

The bank loans are secured via a fixed and floating charge over all property and undertakings of the company.