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Registered number: 09524216

A1 Property (London) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

A1 Property (London) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
DIRECTORS
Israel Gross
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09524216
BANKERS
Lloyds
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

A1 Property (London) Limited

ACCOUNTS
FOR THEYEARENDED30/04/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

A1 Property (London) Limited

BALANCE SHEET AT 30/04/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2,075,0002,075,000
CURRENT ASSETS
Debtors322,019-
Cash at bank and in hand30,27414,426
52,29314,426
CREDITORS: Amounts falling due within one year41,173,2201,152,282
NET CURRENT LIABILITIES(1,120,927)(1,137,856)
TOTAL ASSETS LESS CURRENT LIABILITIES954,073937,144
CREDITORS: Amounts falling due after more than one year5666,505692,236
PROVISIONS FOR LIABILITIES AND CHARGES731,90031,900
NET ASSETS255,668213,008
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account255,568212,908
SHAREHOLDERS' FUNDS255,668213,008
For the year ending 30/04/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/11/2023 and signed on their behalf by
.............................
Israel Gross
Director

A1 Property (London) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/05/20222,075,0002,075,000
At 30/04/20232,075,0002,075,000
3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors22,019-
22,019-

A1 Property (London) Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax10,0074,904
Other creditors1,161,4131,145,578
Accruals1,8001,800
1,173,2201,152,282
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr13,87518,375
Bank loans (secured) >1yr652,630673,861
666,505692,236
Included in bank loans are loans with a balance of £652,630 (2022: £673,861) which are secured by a fixed charge over the company's investment properties, the value of which can be found in the notes to these accounts.
6. EMPLOYEES
20232022
No.No.
Average number of employees--
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation31,90031,900
31,90031,900

A1 Property (London) Limited

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
New shares issued during period:
100 Ordinary shares of £1 each100
9. CONTROLLING PARTY
The company is controlled by the director, I Gross, by virtue of the fact that he holds 100% of the company's issued and called up voting share capital.
10. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the director, I Gross. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £334,947 (2022: £334,111).