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ALLOGGI LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024






ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

ALLOGGI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: T Testa
Mrs M Testa





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Indsutrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 08837001 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 235,380 240,118
Investment property 6 325,000 325,000
560,380 565,118

CURRENT ASSETS
Debtors 7 1,129 1,337
Cash at bank 88,321 101,453
89,450 102,790
CREDITORS
Amounts falling due within one year 8 241,023 229,611
NET CURRENT LIABILITIES (151,573 ) (126,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,807

438,297

CREDITORS
Amounts falling due after more than one
year

9

(178,000

)

(239,000

)

PROVISIONS FOR LIABILITIES (25,593 ) (26,170 )
NET ASSETS 205,214 173,127

CAPITAL AND RESERVES
Called up share capital 5 5
Non-distributable reserves 11 73,884 73,884
Retained earnings 131,325 99,238
SHAREHOLDERS' FUNDS 205,214 173,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2024 and were signed on its behalf by:





T Testa - Director


ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Alloggi 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents income genereated from the use of washing machine facilities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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.


ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 10,000
AMORTISATION
At 1st April 2023
and 31st March 2024 10,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st April 2023 242,965 86,473 2,224 331,662
Additions - 2,394 - 2,394
Disposals - (950 ) - (950 )
At 31st March 2024 242,965 87,917 2,224 333,106
DEPRECIATION
At 1st April 2023 21,868 67,945 1,731 91,544
Charge for year 2,430 3,654 98 6,182
At 31st March 2024 24,298 71,599 1,829 97,726
NET BOOK VALUE
At 31st March 2024 218,667 16,318 395 235,380
At 31st March 2023 221,097 18,528 493 240,118

Included in cost of land and buildings is freehold land of £ 121,483 (2023 - £ 121,483 ) which is not depreciated.

ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 325,000
NET BOOK VALUE
At 31st March 2024 325,000
At 31st March 2023 325,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2023 95,299
Cost 229,701
325,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Prepayments and accrued income 1,129 1,337

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Corporation tax 15,178 9,823
VAT 4,023 -
Directors' current accounts 220,772 218,526
Accrued expenses 1,050 1,262
241,023 229,611

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans more 5 yr by instal 178,000 239,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 178,000 239,000

ALLOGGI LIMITED (REGISTERED NUMBER: 08837001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 178,000 239,000

The bank loan is secured by a first legal charges on the trading properties at 129 & 129A Castle Road and its associated assets, and 178/178A Clapham High Street.

11. RESERVES
Non-distributable
reserves
£   
At 1st April 2023
and 31st March 2024 73,884

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs M Testa.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ALLOGGI LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alloggi Limited for the year ended 31st March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Alloggi Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alloggi Limited and state those matters that we have agreed to state to the Board of Directors of Alloggi Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alloggi Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alloggi Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alloggi Limited. You consider that Alloggi Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alloggi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


30th July 2024