2022-06-012023-05-312023-05-31false11339359ALPHA 1 PROPERTIES-UK 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ALPHA 1 PROPERTIES-UK LTD

Registered Number
11339359
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

ALPHA 1 PROPERTIES-UK LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

BLUNSTON, Liann
BLUNSTON, Stephen David

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

11339359 (England and Wales)
ALPHA 1 PROPERTIES-UK LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets68,32213,800
Investments71,282,0001,202,007
1,290,3221,215,807
Current assets
Debtors43,39243,525
Cash at bank and on hand6,8524,869
50,24448,394
Creditors amounts falling due within one year9(209,679)(228,522)
Net current assets (liabilities)(159,435)(180,128)
Total assets less current liabilities1,130,8871,035,679
Creditors amounts falling due after one year10(934,549)(936,262)
Provisions for liabilities11(40,379)(23,892)
Net assets155,95975,525
Capital and reserves
Called up share capital22
Revaluation reserve247,155163,598
Profit and loss account(91,198)(88,075)
Shareholders' funds155,95975,525
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2023, and are signed on its behalf by:
BLUNSTON, Liann
Director
BLUNSTON, Stephen David
Director

Registered Company No. 11339359
ALPHA 1 PROPERTIES-UK LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in pound sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover comprises rental income receivable during the period.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets over their expected useful lives on the following basis:

Straight line (years)
Fixtures and fittings5
Office Equipment3
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investment properties for which fair value can be measured reliably on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.
Going concern
The Directors have formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.
5.Employee information

20232022
Average number of employees during the year10
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 June 2226,465
At 31 May 2326,465
Depreciation and impairment
At 01 June 2212,665
Charge for year5,478
At 31 May 2318,143
Net book value
At 31 May 238,322
At 31 May 2213,800
7.Fixed asset investments

Total

£
Cost or valuation
At 01 June 221,202,007
Revaluations79,993
At 31 May 231,282,000
Net book value
At 31 May 231,282,000
At 31 May 221,202,007
8.Debtors within one year

2023

2022

££
Other debtors43,39243,525
Total43,39243,525
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables7,313946
Other creditors202,366219,084
Accrued liabilities and deferred income-8,492
Total209,679228,522
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts934,549936,262
Total934,549936,262
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)40,37923,892
Total40,37923,892