REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Alimperia Properties Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Alimperia Properties Ltd |
Alimperia Properties Ltd (Registered number: 12503038) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
Alimperia Properties Ltd (Registered number: 12503038) |
Statement of Financial Position |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
Alimperia Properties Ltd (Registered number: 12503038) |
Statement of Financial Position - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Alimperia Properties Ltd (Registered number: 12503038) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Alimperia Properties Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
The investment properties have been stated at cost. The Board do not consider the fair value of the properties to be materially different from the value disclosed. |
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. |
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. |
Alimperia Properties Ltd (Registered number: 12503038) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 April 2022 |
Additions |
Revaluations | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Investment property situated at 56 Clovelly Road, Bexleyheath Kent, DA7 5RQ is under a charge from The Mortgage Works (UK) PLC. The charge was created on 30 June 2021. |
Investment property situated at 19 Pattens Place Rochester ME1 2QW is under a charge from Nottingham Building Society. The charge was created on 18 March 2022. |
Investment property situated at 39 Ardwyn Terrace, Gelli, Pentre, CF41 7NU is under a charge from The Mortgage Works (UK) PLC. The charge was created on 16 June 2022. |
Investment property situated at 3 Oakwood Terrace. Peel drive. Sittingbourne. ME10 3EA is under a charge from Nottingham Building Society. The charge was created on 23 June 2022. |
Alimperia Properties Ltd (Registered number: 12503038) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Alimperia Properties Ltd (Registered number: 12503038) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
The loan amounting to £261,995 is secured by the way of charge on the property situated at 56 Clovelly Road, Bexleyheath Kent, DA7 5RQ (Disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 30 June 2021. |
The loan amounting to £165,000 is secured by the way of charge on the property situated at 19 Pattens Place Rochester ME1 2QW (Disclosed as investment property). The charge was created in the name of on Nottingham Building Society on 18 March 2022. |
The loan amounting to £72,245 is secured by the way of charge on the property situated at 39 Ardwyn Terrace, Gelli, Pentre, CF41 7NU (Disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 16 June 2022. |
The loan amounting to £183,000 is secured by the way of charge on the property situated at 3 Oakwood Terrace. Peel drive. Sittingbourne. ME10 3EA (Disclosed as investment property). The charge was created in the name of Nottingham Building Society on 23 June 2022. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2022 |
Transfer to/from reserves | (419 | ) |
At 31 March 2023 |
Alimperia Properties Ltd (Registered number: 12503038) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
11. | RELATED PARTY DISCLOSURES |
The company owes £193,149 to its director, Mr Aidas Lukosius who is also a 50% shareholder of the company as at accounting year end date. |
The company owes £77,149 to its director, Miss Lilija Kudzminskaite who is also a 50% shareholder of the company as at accounting year end date. |