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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2021 |
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ALEXANDER DAVID HOLDINGS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2021 |
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FOR |
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ALEXANDER DAVID HOLDINGS LIMITED |
ALEXANDER DAVID HOLDINGS LIMITED (REGISTERED NUMBER: 06022522) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ALEXANDER DAVID HOLDINGS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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A trading name of PCM Accounting Limited |
2 Jardine House |
Harrovian Business Village |
Bessborough Road |
Harrow |
Middlesex |
HA1 3EX |
ALEXANDER DAVID HOLDINGS LIMITED (REGISTERED NUMBER: 06022522) |
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BALANCE SHEET |
31 DECEMBER 2021 |
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31.12.21 | 31.12.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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ALEXANDER DAVID HOLDINGS LIMITED (REGISTERED NUMBER: 06022522) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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1. | STATUTORY INFORMATION |
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Alexander David Holdings Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Alexander David Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ALEXANDER DAVID HOLDINGS LIMITED (REGISTERED NUMBER: 06022522) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST OR VALUATION |
At 1 January 2021 |
and 31 December 2021 |
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PROVISIONS |
At 1 January 2021 | 455,833 |
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Impairments | 166,993 |
At 31 December 2021 | 622,826 |
NET BOOK VALUE |
At 31 December 2021 |
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At 31 December 2020 |
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Cost or valuation at 31 December 2021 is represented by: |
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Shares in |
group |
undertakings |
£ |
Cost | 622,826 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: 49 Queen Victoria Street, London, EC4N 4SA |
Nature of business:
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Class of shares: | holding |
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31.12.21 | 31.12.20 |
£ | £ |
Aggregate capital and reserves |
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Profit/(loss) for the year |
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The company owns the entire equity share capital of Alexander David Securities Limited, a private limited trading company incorporated in the United Kingdom and registered with the Financial Conduct Authority (FCA). |
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During June, 2022, following a number of claims upheld by the Financial Ombudsman for investor misselling which resulted in the FCA issuing a First Supervisory Notice imposing restrictions on certain regulated activities, Alexander David Securities Limited was put into Creditors' Voluntary Liquidation. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Amounts owed by group undertakings |
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ALEXANDER DAVID HOLDINGS LIMITED (REGISTERED NUMBER: 06022522) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Amounts owed to group undertakings |
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Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.21 | 31.12.20 |
value: | £ | £ |
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Ordinary Shares | 1p | 295 | 295 |
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8% Preference Shares | £1 | 85,000 | 85,000 |
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12% Preference Shares | £1 | 89,600 | 89,600 |
174,895 | 174,895 |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Rosendale Investments Limited. |
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Rosendale Investments Limited is incorporated in England & Wales under number 08546500 and a copy of its financial statements is available from its registered office at 30 Percy Street, London, W1T 2DB. |
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There is no overall controlling party. |