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REGISTERED NUMBER: 12758716 (England and Wales)















ALA John Street Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






ALA John Street Limited (Registered number: 12758716)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALA John Street Limited

Company Information
for the year ended 31 October 2023







Directors: A Levete
M N Arrocet Corral
A E Dietsch
H Ho-Yin Ng





Registered office: 33 John Street
London
WC1N 2AT





Registered number: 12758716 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

ALA John Street Limited (Registered number: 12758716)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 5,300,646 5,300,646

Current assets
Debtors 5 94,437 10,024
Cash at bank 38,859 55,756
133,296 65,780
Creditors
Amounts falling due within one year 6 178,918 182,457
Net current liabilities (45,622 ) (116,677 )
Total assets less current liabilities 5,255,024 5,183,969

Creditors
Amounts falling due after more than one
year

7

3,335,698

3,335,698
Net assets 1,919,326 1,848,271

Capital and reserves
Called up share capital 9 1,802,000 1,802,000
Retained earnings 10 117,326 46,271
Shareholders' funds 1,919,326 1,848,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 July 2024 and were signed on its behalf by:





A Levete - Director


ALA John Street Limited (Registered number: 12758716)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

ALA John Street 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.

Going concern and financial support
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover
Turnover represents rent receivable from letting of its investment property.

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a
party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.
Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

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

4. Investment property
Total
£
Fair value
At 1 November 2022
and 31 October 2023 5,300,646
Net book value
At 31 October 2023 5,300,646
At 31 October 2022 5,300,646

ALA John Street Limited (Registered number: 12758716)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 10,024
Amounts owed by group undertakings 94,437 -
94,437 10,024

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 164,302 164,302
Trade creditors - 7,754
Taxation and social security 11,616 4,505
Other creditors 3,000 5,896
178,918 182,457

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 3,335,698 3,335,698

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 3,500,000 3,500,000

Clydesdale Bank PLC holds a fixed and floating charge over the assets of the company.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,802,000 Ordinary £1 1,802,000 1,802,000

10. Reserves
Retained
earnings
£

At 1 November 2022 46,271
Profit for the year 71,055
At 31 October 2023 117,326

11. Related party disclosures

During the year sales of £352,322 (2022: £144,000) were made to a company in which director's have an interest, with a balance due of £94,437 at balance sheet date.