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Company Registration No. 14061717 (England and Wales)
Ali Property Portfolio Ltd Filleted Accounts for the year ended 30 April 2023
Ali Property Portfolio Ltd Filleted Accounts Contents
Page
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Ali Property Portfolio Ltd Company Information for the year ended 30 April 2023
Directors
Idris Ali Safiya Ali
Company Number
14061717 (England and Wales)
Registered Office
402A East Park Road Leicester LE5 5HH
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Ali Property Portfolio Ltd Statement of financial position as at 30 April 2023
2023 
Notes
£ 
Fixed assets
Investment property
249,500 
Creditors: amounts falling due within one year
(4,226)
Net current liabilities
(4,226)
Total assets less current liabilities
245,274 
Creditors: amounts falling due after more than one year
(240,000)
Net assets
5,274 
Capital and reserves
Called up share capital
50 
Profit and loss account
5,224 
Shareholders' funds
5,274 
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by
Idris Ali Director Company Registration No. 14061717
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Ali Property Portfolio Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Ali Property Portfolio Ltd is a private company, limited by shares, registered in England and Wales, registration number 14061717. The registered office is 402A East Park Road, Leicester, LE5 5HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Additions
249,500 
At 30 April 2023
249,500 
5
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
1,226 
Loans from directors
3,000 
4,226 
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Ali Property Portfolio Ltd Notes to the Accounts for the year ended 30 April 2023
6
Creditors: amounts falling due after more than one year
2023 
£ 
Loans from directors
240,000 
7
Share capital
2023 
£ 
Allotted, called up and fully paid:
25 A Ordinary shares of £1 each
25 
25 B Ordinary shares of £1 each
25 
50 
Shares issued during the period:
25 A Ordinary shares of £1 each
25 
25 B Ordinary shares of £1 each
25 
50 
8
Average number of employees
During the year the average number of employees was 2.
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