Alexander Investments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06002693 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ALEXANDER INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L D Theodorou

REGISTERED OFFICE:

Urban Land Group

Urban House 1st Floor

43 Chase Side

London

N14 5PB

REGISTERED NUMBER:

06002693 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

2,400,000

1,470,000

CURRENT ASSETS

Debtors

5

2,716

-

Cash at bank and in hand

146,350

146,263

149,066

146,263

CREDITORS

Amounts falling due within one year

6

236,362

187,955

NET CURRENT LIABILITIES

(87,296

)

(41,692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,312,704

1,428,308

CREDITORS

Amounts falling due after more than one year

7

(1,118,092

)

(1,161,760

)

PROVISIONS FOR LIABILITIES

10

(100,050

)

-

NET ASSETS

1,094,562

266,548

CAPITAL AND RESERVES

Called up share capital

11

1

1

Fair value reserve

12

938,532

156,521

Retained earnings

12

156,029

110,026

SHAREHOLDERS' FUNDS

1,094,562

266,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 December 2017 and were signed by:

Mr L D Theodorou - Director

1.	STATUTORY INFORMATION

Alexander Investments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable.

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.

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 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 year 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 year was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

1,470,000

Additions

47,939

Revaluations

882,061

At 31 March 2017

2,400,000

NET BOOK VALUE

At 31 March 2017

2,400,000

At 31 March 2016

1,470,000

Fair value at 31 March 2017 is represented by:

£

Valuation in 2007

111,521

Valuation in 2008

(300,000

)

Valuation in 2010

345,000

Valuation in 2017

882,061

Cost

1,361,418

2,400,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.17

31.3.16

£

£

Cost

1,361,418

1,313,479

Investment property was valued on an open market basis on 31 March 2017 by the director. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Prepayments

2,716

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

11,501

6,293

Amounts due to related undertakings

222,190

179,908

Directors' loan accounts

2,172

1,255

Accrued expenses

499

499

236,362

187,955

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans (see note 8)

1,118,092

1,161,760

Amounts falling due in more than five years:

Repayable by instalments

Loans due after more than five years

1,118,092

1,161,760

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.17

31.3.16

£

£

Amounts falling due in more than five years:

Repayable by instalments

Loans due after more than five years

1,118,092

1,161,760

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

1,118,092

1,161,760

10.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

100,050

-

Deferred

tax

£

Provided during year

100,050

Balance at 31 March 2017

100,050

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

1

Ordinary

£1

1

1

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2016

110,026

156,521

266,547

Profit for the year

828,014

828,014

Fair value adjustment transfer

(782,011

)

782,011

-

At 31 March 2017

156,029

938,532

1,094,561

13.	FIRST YEAR ADOPTION

In the transition to FRS 102 from the old UK GAAP, there were no material measurement and recognition

adjustments required.