R A Alexander Ltd
R A Alexander Ltd
Registered number: 8659927
Unaudited Financial Statements
For The Year Ended
31 August 2023
Formulate Change Ltd
203 London Road
Hadleigh
Essex
SS7 2RD
R A Alexander Ltd
Unaudited Financial Statements
For The Year Ended
31 August 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
R A Alexander Ltd
Balance Sheet
As At
31 August 2023
Balance Sheet
Registered number:
8659927
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Other reserves |
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| Fair Value Reserve | 11 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 512,782 | 462,313 | |||
R A Alexander Ltd
Balance Sheet (continued)
As At
31 August 2023
On behalf of the board
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Director
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The notes on pages 3 to 6 form part of these financial statements.
R A Alexander Ltd
Notes to the Financial Statements
For The Year Ended
31 August 2023
Notes to the Financial Statements
1.
General Information
R A Alexander Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
8659927
. The registered office is 203 London Road, Hadleigh, Essex, SS7 2RD.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of disounts. Turnover includes rents received from the property portfolio and from the rendering of services. Turnover is reduced for rebates and other similar allowances.
Sale of goods
Turnover is recognised when the rents are received. This is usually at the point that the tenant has paid cleared funds.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Investment Property |
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| Equipment |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
R A Alexander Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2023
2.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was:
| 2023 | 2022 | ||
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| Office and administration |
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4.
Tangible Assets
| Land & Property | |||
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| Investment Property | Equipment | Total | |
| £ | £ | £ | |
| Cost or Valuation | |||
| As at
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| Revaluation | 44,000 |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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Investment Properties
Land and Buildings represents the investment properties which are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature,
location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in
the profit and loss account.
R A Alexander Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2023
5.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Corporation tax |
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| Rent Deposit |
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| Accruals and deferred income |
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| Director's loan account |
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8.
Financial Instruments
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 entity after deducting all of its financial liabilities.
9.
Directors Advances, Credits and Guarantees
Included within Creditors is the following loan by the director:
| As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Roy Alexander |
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The above loan is unsecured, interest free and repayable on demand.
10.
Dividends
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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| 1,000 | 2,000 | ||
11.
Reserves
| Fair Value Reserve | |
|---|---|
| £ | |
| Movements in fair value reserve | 366,236 |
| As at
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R A Alexander Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2023
12.
Related Party Transactions
The company operates a Director’s Loan account with the director. At the balance sheet date, the amount due to the director amounted to £372,271 (2022 £387,234)