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REGISTERED NUMBER: 11789546 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Al-Ali Property Group Ltd

Al-Ali Property Group Ltd (Registered number: 11789546)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Al-Ali Property Group Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Monier Al-Ali





REGISTERED OFFICE: 3A Evolution
Wynyard Business Park
Billingham
TS22 5TB





REGISTERED NUMBER: 11789546 (England and Wales)





ACCOUNTANTS: Flannagans - Hartlepool Office
Chartered Certified Accountants
3A Evolution
Wynyard Business Park
Wynyard
Billingham
TS22 5TB

Al-Ali Property Group Ltd (Registered number: 11789546)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,003,077 1,100,000

CURRENT ASSETS
Debtors - 1,060
Cash at bank 15,821 70,165
15,821 71,225
CREDITORS
Amounts falling due within one year 136,372 85,269
NET CURRENT LIABILITIES (120,551 ) (14,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,882,526

1,085,956

CREDITORS
Amounts falling due after more than one year 5 930,122 571,391
NET ASSETS 952,404 514,565

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 795,791 350,780
Retained earnings 156,612 163,784
952,404 514,565

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 director acknowledges his 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.

Al-Ali Property Group Ltd (Registered number: 11789546)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr Monier Al-Ali - Director


Al-Ali Property Group Ltd (Registered number: 11789546)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Al-Ali Property Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 1 ) .

Al-Ali Property Group Ltd (Registered number: 11789546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2022 1,100,000
Additions 475,758
Revaluations 445,011
At 31 March 2023 2,020,769
DEPRECIATION
Charge for year 17,692
At 31 March 2023 17,692
NET BOOK VALUE
At 31 March 2023 2,003,077
At 31 March 2022 1,100,000

Cost or valuation at 31 March 2023 is represented by:

Totals
£   
Valuation in 2020 169,294
Valuation in 2022 181,485
Valuation in 2023 445,011
Cost 1,224,979
2,020,769

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 895,400 530,558

Repayable by instalments
Bank loans more 5 yr by instal 34,722 40,833

Al-Ali Property Group Ltd (Registered number: 11789546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. RESERVES
Revaluation
reserve
£   
At 1 April 2022 350,780
Property revaluation 445,011

At 31 March 2023 795,791