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REGISTERED NUMBER: 13164098 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

11 ALSTON LTD

11 ALSTON LTD (REGISTERED NUMBER: 13164098)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


11 ALSTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: P A Petrou





REGISTERED OFFICE: Southgate Office Village
286a Chase Road
London
N14 6HF





REGISTERED NUMBER: 13164098 (England and Wales)





ACCOUNTANTS: ELM Partners
Chartered Certified Accountants
Southgate Office Village
286a Chase Road
Southgate
London
N14 6HF

11 ALSTON LTD (REGISTERED NUMBER: 13164098)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,479,800 1,089,072

CURRENT ASSETS
Debtors 5 150,115 229
Cash at bank and in hand 16,232 4,260
166,347 4,489
CREDITORS
Amounts falling due within one year 6 484,613 1,145,485
NET CURRENT LIABILITIES (318,266 ) (1,140,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,534

(51,924

)

CREDITORS
Amounts falling due after more than one
year

7

(1,031,099

)

-

PROVISIONS FOR LIABILITIES (61,900 ) -
NET ASSETS/(LIABILITIES) 68,535 (51,924 )

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 185,750 -
Retained earnings (117,315 ) (52,024 )
SHAREHOLDERS' FUNDS 68,535 (51,924 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 5 September 2023 and were signed by:




P A Petrou - Director


11 ALSTON LTD (REGISTERED NUMBER: 13164098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

11 Alston Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 rent receivable from property letting.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,089,072
Additions 257,015
Disposals (113,937 )
Revaluations 247,650
At 31 January 2023 1,479,800
NET BOOK VALUE
At 31 January 2023 1,479,800
At 31 January 2022 1,089,072

Investment properties were valued on a fair value basis on 31 January 2023 by the director of the company, P A Petrou.

11 ALSTON LTD (REGISTERED NUMBER: 13164098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2023 247,650
Cost 1,232,150
1,479,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Amounts owed by connected companies 150,000 -
Other debtors 115 229
150,115 229

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts - 705,000
Amounts owed to connected companies 482,364 438,717
Other creditors 2,249 1,768
484,613 1,145,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 1,031,099 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 1,031,099 705,000

9. RELATED PARTY DISCLOSURES

Included in "Creditors: amounts falling due within one year" is an amount of £569 (2022: £569) due to P A Petrou, director of the company. The loan is interest free.

Included in "Creditors: amounts falling due within one year" is an amount of £115,150 (2022: £115,150) due to a companies where the father of P A Petrou is the ultimate beneficial owner and is also the sole director. The loan is interest free.

Included in "Creditors: amounts falling due within one year" is an amount of £367,213 (2022: £323,567) due to companies where P A Petrou is the sole director and shareholder. The loan is interest free.

Included in "Debtors: amounts falling due within one year" is an amount of £150,000 (2022: £nil) due from a company where P A Petrou is the sole director and shareholder. The loan is interest free.