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REGISTERED NUMBER: 12503038 (England and Wales)















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 4 953,388 686,836

CURRENT ASSETS
Debtors 5 546 -
Cash at bank 5,058 3,940
5,604 3,940
CREDITORS
Amounts falling due within one year 6 271,574 265,884
NET CURRENT LIABILITIES (265,970 ) (261,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,418

424,892

CREDITORS
Amounts falling due after more than
one year

7

682,240

426,995
NET ASSETS/(LIABILITIES) 5,178 (2,103 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 - 419
Retained earnings 5,078 (2,622 )
SHAREHOLDERS' FUNDS 5,178 (2,103 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr Aidas Lukosius - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12503038

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2022 686,836
Additions 266,971
Revaluations (419 )
At 31 March 2023 953,388
NET BOOK VALUE
At 31 March 2023 953,388
At 31 March 2022 686,836

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 546 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 1,276 -
Other creditors 270,298 265,884
271,574 265,884

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 682,240 426,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 682,240 426,995

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 682,240 426,995

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: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022 419
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.