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REGISTERED NUMBER: 12690903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2023

FOR

ALLI-BALOGUN HOLDINGS LIMITED

ALLI-BALOGUN HOLDINGS LIMITED (REGISTERED NUMBER: 12690903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLI-BALOGUN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2023







DIRECTORS: O Alli-Balogun
J A Alli-Balogun





REGISTERED OFFICE: Room 73 Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 12690903 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

ALLI-BALOGUN HOLDINGS LIMITED (REGISTERED NUMBER: 12690903)

BALANCE SHEET
29 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 136,045 136,045

CURRENT ASSETS
Debtors 5 20,020 3,103
Cash at bank 2 1
20,022 3,104
CREDITORS
Amounts falling due within one year 6 54,361 51,718
NET CURRENT LIABILITIES (34,339 ) (48,614 )
TOTAL ASSETS LESS CURRENT LIABILITIES 101,706 87,431

CREDITORS
Amounts falling due after more than one year 7 103,967 87,444
NET LIABILITIES (2,261 ) (13 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (2,361 ) (113 )
SHAREHOLDERS' FUNDS (2,261 ) (13 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

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 5 April 2024 and were signed on its behalf by:





O Alli-Balogun - Director


ALLI-BALOGUN HOLDINGS LIMITED (REGISTERED NUMBER: 12690903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

1. STATUTORY INFORMATION

Alli-Balogun Holdings Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation in the opinion of the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss in the related reporting period.

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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 30 June 2022
and 29 June 2023 136,045
Net book value
At 29 June 2023 136,045
At 29 June 2022 136,045

The investment property is secured by way of a mortgage deed, incorporating a fixed charge, in favour of the mortgage provider.

ALLI-BALOGUN HOLDINGS LIMITED (REGISTERED NUMBER: 12690903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,020 3,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 480
Other creditors 52,322 42,586
Directors' loan account 622 7,812
Accruals and deferred income 1,417 840
54,361 51,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans > 5 yr by instalments 103,967 87,444

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 yr by instalments 103,967 87,444

The original bank loan is an interest only mortgage over 25 years at a prevailing interest rate of 3.8% per annum being secured by way of a mortgage deed incorporating a fixed charge over the assets and undertaking of the company in favour of the lender. A further interest only loan was undertaken in the year at an interest rate of 4.64% per annum.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £622 (2022: £7,812) due from the company to O Alli-Balogun and J A Alli-Balogun, directors. No interest has been charged on this balance and there are no repayment terms.

Included within other debtors is an amount of £20,000 (2021: £3,103) due to the company from Capital First Resourcing Limited, a company owned by one of the directors. No interest has been charged on this balance and there are no repayment terms.

Included within creditors is an amount of £52,322 (2021: £42,586) owed from the company to Trans4rm Consulting Limited, a company owned by one of the directors. No interest has been charged on this balance and there are no repayment terms.

Included within other debtors is an amount of £20 (2021: £Nil) due to the company from 4Word Thinking Limited, a company owned by one of the directors. No interest has been charged on this balance and there are no repayment terms.