REGISTERED NUMBER: 00828089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A.& D.ALEXANDROU LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A D Alexandrou

REGISTERED OFFICE:

Hillhurst

14 Hillcrest Road

Loughton

Essex

IG10 4QQ

REGISTERED NUMBER:

00828089 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

17,086

857,187

Investment property

5

1,310,000

-

1,327,086

857,187

CURRENT ASSETS

Debtors

6

33,064

33,786

Cash at bank and in hand

23,179

35,912

56,243

69,698

CREDITORS

Amounts falling due within one year

7

174,417

192,312

NET CURRENT LIABILITIES

(118,174

)

(122,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,208,912

734,573

CREDITORS

Amounts falling due after more than one year

8

(116,979

)

(124,062

)

PROVISIONS FOR LIABILITIES

10

(16,598

)

-

NET ASSETS

1,075,335

610,511

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

1,075,235

610,411

SHAREHOLDERS' FUNDS

1,075,335

610,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 22 August 2018 and were signed by:

Mr A D Alexandrou - Director

1.	STATUTORY INFORMATION

A.& D.Alexandrou 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 amounts derived from rents charged to tenants during the year, and is recognised at the date

the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

not provided

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Motor

property

property

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2017

813,445

24,739

36,035

3,158

877,377

Reclassification/transfer

(813,445

)

(24,739

)

-

-

(838,184

)

At 31 March 2018

-

-

36,035

3,158

39,193

DEPRECIATION

At 1 April 2017

-

-

17,206

2,984

20,190

Charge for year

-

-

1,883

34

1,917

At 31 March 2018

-

-

19,089

3,018

22,107

NET BOOK VALUE

At 31 March 2018

-

-

16,946

140

17,086

At 31 March 2017

813,445

24,739

18,829

174

857,187

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

471,816

Reclassification/transfer

838,184

At 31 March 2018

1,310,000

NET BOOK VALUE

At 31 March 2018

1,310,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

471,816

Cost

838,184

1,310,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amount due from related

company

31,598

31,848

Prepayments

1,466

1,938

33,064

33,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other loans (see note 9)

138,000

154,000

Corporation tax

17,058

18,197

Social security and other taxes

167

133

VAT

1,607

1,475

Other creditors

984

1,465

Rent in advance

13,700

13,700

Directors' loan accounts

405

846

Accrued expenses

2,496

2,496

174,417

192,312

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans (see note 9)

116,979

124,062

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.18

31.3.17

£

£

Amounts falling due within one year or on demand:

Shareholders Loan

138,000

154,000

Amounts falling due between one and two years:

Bank loans

116,979

124,062

10.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

16,598

-

Deferred

tax

£

Provided during year

16,598

Balance at 31 March 2018

16,598

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

£

Distributable reserves

572,517

Non-distributable reserves

486,718

At 31 March 2018

1,059,235

13.	RELATED PARTY DISCLOSURES

14.	FIRST YEAR ADOPTION

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

adjustments required.