REGISTERED NUMBER: 09421186 (England and Wales)

ALLIANCE DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A F Gudgin

Mr P C Barnett

REGISTERED OFFICE:

Christchurch House

Upper George Street

Luton

Bedfordshire

LU1 2RS

REGISTERED NUMBER:

09421186 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

Christchurch House

Upper George Street

Luton

Bedfordshire

LU1 2RS

CURRENT ASSETS

Stocks

5

2,560,884

1,638,581

Debtors

6

89,662

103,507

Cash at bank

983

16,092

2,651,529

1,758,180

CREDITORS

Amounts falling due within one year

7

2,665,340

1,283,516

NET CURRENT (LIABILITIES)/ASSETS

(13,811

)

474,664

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,811

)

474,664

CREDITORS

Amounts falling due after more than one year

8

-

480,335

NET LIABILITIES

(13,811

)

(5,671

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(13,911

)

(5,771

)

SHAREHOLDERS' FUNDS

(13,811

)

(5,671

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 20th December 2018 and were signed on its behalf by:

Mr A F Gudgin - Director

Mr P C Barnett - Director

1.	STATUTORY INFORMATION

Alliance Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Stocks

Stock represents land and houses in the course of construction and is included at net realisable value.

The cost of stock includes costs of acquisition, including all directly attributable fees, development

expenses and borrowing charges.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

5.

STOCKS

2018

2017

£

£

Work in progress

2,560,884

1,638,581

During the year borrowing costs, directly attributable to the development, of £61,751 (2017: £74,206)

were added to work in progress. At the year end, borrowing costs included within work in progress

totalled £135,757 (2017: £74,206).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

89,662

103,507

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,335,535

-

Trade creditors

2,360

3,637

Other creditors

1,327,445

1,279,879

2,665,340

1,283,516

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

-

448,835

Other creditors

-

31,500

-

480,335

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

1,335,535

448,835

The bank loan is secured by way of fixed charge on land owned by the company, a debenture over the

company's assets and personal guarantees provided by the directors.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100