Alliance Property Developments U.K. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03757251

Alliance Property Developments U.K. Limited

Filleted Unaudited Financial Statements

30 June 2018

Alliance Property Developments U.K. Limited

Financial Statements

Year ended 30 June 2018

Contents	Page

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Accounting policies	4

Notes to the financial statements	7

Alliance Property Developments U.K. Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Alliance Property Developments U.K. Limited

Year ended 30 June 2018

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

BODDINGTON & COMPANY LIMITED Chartered Certified Accountants

3 Churchmeadows Bulford Road Shipton Bellinger Tidworth Hampshire SP9 7RL

26 March 2019

Alliance Property Developments U.K. Limited

Statement of Financial Position

30 June 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4	10,511,835	10,500,000
Investments	5	1	–
		-------------	-------------
		10,511,836	10,500,000

Current assets

Debtors	6	4,910,928	4,206,839
Cash at bank and in hand		13,494	88,090
		------------	------------
		4,924,422	4,294,929

Creditors: amounts falling due within one year	7	2,430,229		1,434,246
		------------		------------
Net current assets			2,494,193	2,860,683
			-------------	-------------
Total assets less current liabilities			13,006,029	13,360,683

Creditors: amounts falling due after more than one year	8		3,250,000	3,925,000

Provisions

Taxation including deferred tax	1,522,529	1,458,460
	-------------	-------------
Net assets	8,233,500	7,977,223
	-------------	-------------

Capital and reserves

Called up share capital	1	1
Other reserves	7,285,593	7,276,276
Profit and loss account	947,906	700,946
	------------	------------
Shareholder funds	8,233,500	7,977,223
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Alliance Property Developments U.K. Limited

Statement of Financial Position (continued)

30 June 2018

These financial statements were approved by the board of directors and authorised for issue on 25 March 2019 , and are signed on behalf of the board by:

Mr. R. Cooper
Director

Company registration number: 03757251

Alliance Property Developments U.K. Limited

Accounting Policies

Year ended 30 June 2018

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rents receivable and is stated net of value added tax. Rents receivable are recognised as income when the company has the right to the rental income in accordance with the relevant agreement with the tenant.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold; deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment and fittings	-	25% Straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Alliance Property Developments U.K. Limited

Notes to the Financial Statements

Year ended 30 June 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sandown Sports Park, More Lane, Esher, Surrey, KT10 8AN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017:1)

4. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 July 2017	10,500,000	–	10,500,000
Additions	–	12,091	12,091
	-------------	--------	-------------
At 30 June 2018	10,500,000	12,091	10,512,091
	-------------	--------	-------------
Depreciation
At 1 July 2017	–	–	–
Charge for the year	–	256	256
	-------------	--------	-------------
At 30 June 2018	–	256	256
	-------------	--------	-------------
Carrying amount
At 30 June 2018	10,500,000	11,835	10,511,835
	-------------	--------	-------------
At 30 June 2017	10,500,000	–	10,500,000
	-------------	--------	-------------

Tangible assets held at valuation

The investment properties have been valued at open market value by the director.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 July 2017	–
Additions	1
	----
At 30 June 2018	1
	----
Impairment
At 1 July 2017 and 30 June 2018	–
	----

Carrying amount
At 30 June 2018	1
	----
At 30 June 2017	–
	----

6. Debtors

	2018	2017
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,020,026	–
Other debtors	3,890,902	4,206,839
	------------	------------
	4,910,928	4,206,839
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2018	2017
	£	£
Other debtors	–	837,556
	----	---------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	675,000	–
Other creditors	1,755,229	1,434,246
	------------	------------
	2,430,229	1,434,246
	------------	------------

8. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Bank loans and overdrafts	3,250,000	3,925,000
	------------	------------

9. Fair value reserve

The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:

	2018	2017
	£	£
At start of year	7,276,276	7,230,460
Surplus on revaluation of land and buildings	–	38,251
Tax relating to components of other comprehensive income	9,317	7,565
	------------	------------
At end of year	7,285,593	7,230,460
	------------	------------