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Company Registration No. 12567252 (England and Wales)
ALO Property Ltd Unaudited accounts for the year ended 31 March 2023
ALO Property Ltd Unaudited accounts Contents
Page
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ALO Property Ltd Company Information for the year ended 31 March 2023
Director
Alyson Emily Edmunds
Company Number
12567252 (England and Wales)
Registered Office
6 TOP HOUSE FARM MEWS FAIRBURN KNOTTINGLEY WF11 9NX ENGLAND
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ALO Property Ltd Accountants' report
Accountants' report to the director of ALO Property Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ALO Property Ltd for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ALO Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ALO Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ALO Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ALO Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ALO Property Ltd. You consider that ALO Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ALO Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
19 September 2023
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ALO Property Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
901,319 
901,319 
Current assets
Debtors
4,851 
1,943 
Cash at bank and in hand
36,356 
29,668 
41,207 
31,611 
Creditors: amounts falling due within one year
(481,665)
(594,916)
Net current liabilities
(440,458)
(563,305)
Total assets less current liabilities
460,861 
338,014 
Creditors: amounts falling due after more than one year
(426,471)
(304,697)
Net assets
34,390 
33,317 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
34,380 
33,307 
Shareholders' funds
34,390 
33,317 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2023 and were signed on its behalf by
Alyson Emily Edmunds Director Company Registration No. 12567252
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ALO Property Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
ALO Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12567252. The registered office is 6 TOP HOUSE FARM MEWS, FAIRBURN, KNOTTINGLEY, WF11 9NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
901,319 
At 31 March 2023
901,319 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
4,851 
1,943 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
4,843 
4,896 
Loans from directors
475,802 
589,000 
Accruals
1,020 
1,020 
481,665 
594,916 
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ALO Property Ltd Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
426,471 
- 
Other creditors
- 
304,697 
426,471 
304,697 
Aggregate of amounts that fall due for payment after five years
426,471 
- 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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