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REGISTERED NUMBER: 01079666 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

ALFREDS WAY INVESTMENTS (NO. 2) LIMITED

ALFREDS WAY INVESTMENTS (NO. 2) LIMITED (REGISTERED NUMBER: 01079666)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 April 2022 to 30 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ALFREDS WAY INVESTMENTS (NO. 2) LIMITED

COMPANY INFORMATION
for the period 1 April 2022 to 30 March 2023







DIRECTORS: Mr B Erlich
Ms J Erlich
Mr D Winegarten





SECRETARY: Ms J Erlich





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 01079666 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

ALFREDS WAY INVESTMENTS (NO. 2) LIMITED (REGISTERED NUMBER: 01079666)

ABRIDGED BALANCE SHEET
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 710 383
Investment property 5 15,000,000 15,000,000
15,000,710 15,000,383

CURRENT ASSETS
Debtors 25,818,420 25,526,880
Cash at bank 43,478 121,354
25,861,898 25,648,234
CREDITORS
Amounts falling due within one year 393,884 422,624
NET CURRENT ASSETS 25,468,014 25,225,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,468,724

40,225,993

PROVISIONS FOR LIABILITIES 2,661,316 2,661,316
NET ASSETS 37,807,408 37,564,677

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11,479,576 11,479,576
Retained earnings 26,327,732 26,085,001
SHAREHOLDERS' FUNDS 37,807,408 37,564,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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.

ALFREDS WAY INVESTMENTS (NO. 2) LIMITED (REGISTERED NUMBER: 01079666)

ABRIDGED BALANCE SHEET - continued
30 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 period ended 30 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 Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:





Mr B Erlich - Director


ALFREDS WAY INVESTMENTS (NO. 2) LIMITED (REGISTERED NUMBER: 01079666)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 April 2022 to 30 March 2023

1. STATUTORY INFORMATION

Alfreds Way Investments (No. 2) 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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover
Turnover comprises rental and service charge income, excluding Value Added Tax, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation
Taxation for the period 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 period 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

ALFREDS WAY INVESTMENTS (NO. 2) LIMITED (REGISTERED NUMBER: 01079666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2022 to 30 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,951
Additions 564
At 30 March 2023 2,515
DEPRECIATION
At 1 April 2022 1,568
Charge for period 237
At 30 March 2023 1,805
NET BOOK VALUE
At 30 March 2023 710
At 31 March 2022 383

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 30 March 2023 15,000,000
NET BOOK VALUE
At 30 March 2023 15,000,000
At 31 March 2022 15,000,000

Investment properties were valued on an open market basis on 31 March 2023 by the directors.

6. RELATED PARTY DISCLOSURES

Included in other debtors are amounts aggregating £2,058,510 (2022 - £1,729,042) due from companies which have directors in common with this company.

Included in other creditors are amounts aggregating £12,960 (2022 - £43,960) due to a company which has directors in common with this company.

At the balance sheet date, the company owed £12,916 (2022 - £12,916) to the directors.