Alpha Estates (Essex) Limited,Ltd - Accounts

Alpha Estates (Essex) Limited,Ltd - Accounts

ALPHA ESTATES (ESSEX) LIMITED - Company Information

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2015-12-01 07850019 2016-11-30 07850019 2015-12-01 2016-11-30 07850019 uk-bus:RegisteredOffice 2015-12-01 2016-11-30 07850019 uk-bus:Director1 2015-12-01 2016-11-30 07850019 uk-bus:Director1 2016-11-30 07850019 2015-11-30 07850019 2014-12-01 2015-11-30 07850019 uk-core:WithinOneYear 2015-11-30 07850019 uk-core:WithinOneYear 2016-11-30 07850019 uk-core:AfterOneYear 2015-11-30 07850019 uk-core:AfterOneYear 2016-11-30 07850019 uk-core:ShareCapital 2016-11-30 07850019 uk-core:ShareCapital 2015-11-30 07850019 uk-core:RevaluationReserve 2016-11-30 07850019 uk-core:RevaluationReserve 2015-11-30 07850019 uk-core:RetainedEarningsAccumulatedLosses 2016-11-30 07850019 uk-core:RetainedEarningsAccumulatedLosses 2015-11-30 07850019 uk-core:CostValuation 2015-11-30 07850019 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2015-11-30 07850019 uk-core:RevaluationsIncreaseDecreaseInInvestments 2016-11-30 07850019 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2016-11-30 07850019 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2016-11-30 07850019 uk-core:CostValuation 2016-11-30 07850019 uk-core:Non-currentFinancialInstruments 2016-11-30 07850019 uk-core:Non-currentFinancialInstruments 2015-11-30 07850019 uk-core:WithinOneYear uk-core:Secured 2016-11-30 07850019 uk-core:WithinOneYear uk-core:Secured 2015-11-30 07850019 uk-core:AfterOneYear uk-core:Secured 2016-11-30 07850019 uk-core:AfterOneYear uk-core:Secured 2015-11-30 iso4217:GBP 07850019 uk-bus:AuditExemptWithAccountantsReport 2015-12-01 2016-11-30 07850019 uk-bus:FRS102 2015-12-01 2016-11-30 07850019 uk-bus:FullAccounts 2015-12-01 2016-11-30 07850019 uk-bus:PrivateLimitedCompanyLtd 2015-12-01 2016-11-30
Alpha Estates (Essex) Limited
Registered Number:07850019
For the year ended 30 November 2016
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Other Comprehensive Income
6
Statement of Financial Position
7 to 9
Notes to the Financial Statements
10
Trading and Profit and Loss Account
3
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Company Information
Bakshi Singh
Director
Jaspinder Singh Toot
Company Secretary
07850019
Registered Number
41 Highwood Gardens
Registered Office
Ilford
Essex
IG5 0AZ
Chowdhury & Co
Accountants
Incorporated Financial Accountants
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
HSBC Bank Plc
Bankers
Lloyds Bank Plc
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4
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Director's Report
The director presents his report and accounts for the year ended 30 November 2016.
Principal activities
The principal activity of the company is investment in commercial properties.
Director
The director who served the company throughout the year was as follows:
Bakshi Singh
Bakshi Singh
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
08 March 2017
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5
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Independent Accountants' Report
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 November 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to
fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Chowdhury & Co
Incorporated Financial Accountants
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
Date:
08 March 2017
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6
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Income Statement
2015
£
2016
£
Turnover
111,400
45,400
45,400
Gross profit
111,400
Administrative expenses
(34,680)
(4,459)
Operating profit
76,720
40,941
Interest payable and similar charges
(28,418)
(12,331)
48,302
28,610
Profit before taxation
(9,660)
(5,722)
Taxation
38,642
Profit for the financial year
22,888
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7
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Other Comprehensive Income
2016
2015
£
£
38,642
22,888
Profit for the financial year
Total comprehensive income since last annual report
38,642
22,888
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8
As at 30 November 2016
Alpha Estates (Essex) Limited
Statement of Financial Position
Registered Number :
07850019
£
£
2015
2016
Notes
Fixed assets
Financial assets
1,300,000
1,300,000
2
1,300,000
1,300,000
Current assets
Trade and other receivables
13,238
22,238
3
64,192
Cash and cash equivalents
23,723
45,961
77,430
Trade and other payables: amounts falling due within one
year
(416,629)
(387,228)
4
(339,199)
(341,267)
Net current liabilities
Total assets less current liabilities
958,733
960,801
Trade and other payables: amounts falling due after more
than one year
(713,401)
(672,691)
5
286,042
Net assets
247,400
Capital and reserves
Called up share capital
100
100
Revaluation reserve
223,562
223,562
6
Retained earnings
62,380
23,738
286,042
247,400
Shareholders' funds
For the year ended 30 November 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Bakshi Singh
These financial statements were approved and authorised for issue by the Board on 08 March 2017 and were signed by:
The notes form part of these financial statements
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9
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Notes to the Financial Statements
Statutory Information
Alpha Estates (Essex) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07850019.
Principal place of business:
104 Melford Avenue
Barking
Essex
IG11 9HR
Registered address:
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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10
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Notes to the Financial Statements Continued
2. Investments held as fixed assets
Other investments
Total
At 01 December 2015
1,076,438
1,076,438
Cost
£
£
223,562
223,562
Revaluations
At 30 November 2016
1,300,000
1,300,000
At 30 November 2016
Net book value
1,300,000
1,300,000
At 01 December 2015
1,076,438
1,076,438
3. Trade and other receivables
2015
2016
£
£
Trade debtors
20,750
-
Other debtors
1,488
13,238
13,238
22,238
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Bank loans and overdraft (secured)
69,304
69,833
Trade creditors
-
44,076
Taxation and social security
9,660
5,722
Other creditors
308,264
296,998
387,228
416,629
5. Trade and other payables: amounts falling due after more than one year
2015
2016
£
£
Bank loans and overdraft
672,691
713,401
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11
For the year ended 30 November 2016
Alpha Estates (Essex) Limited
Notes to the Financial Statements Continued
6. Reserves
Total
£
Revaluation reserve at 01 December 2015
223,562
223,562
Revaluation reserve at 30 November 2016
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