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REGISTERED NUMBER: 04501169 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ALFA INVESTMENTS UK LTD

ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALFA INVESTMENTS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: M Alfandary





SECRETARY: B Alfandary





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04501169 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,525 2,151
Investment property 5 891,804 1,692,644
893,329 1,694,795

CURRENT ASSETS
Debtors 6 7,719 1,528
Cash at bank 45,207 2,763
52,926 4,291
CREDITORS
Amounts falling due within one year 7 (253,133 ) (300,730 )
NET CURRENT LIABILITIES (200,207 ) (296,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,122

1,398,356

CREDITORS
Amounts falling due after more than one
year

8

(714,744

)

(1,109,820

)

PROVISIONS FOR LIABILITIES (43,633 ) (43,633 )
NET (LIABILITIES)/ASSETS (65,255 ) 244,903

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 112,863 453,703
Retained earnings 12 (178,119 ) (208,801 )
SHAREHOLDERS' FUNDS (65,255 ) 244,903

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


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 director and authorised for issue on 29 August 2024 and were signed by:





M Alfandary - Director


ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Alfa Investments UK Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 28,392 5,310 33,702
DEPRECIATION
At 1 September 2022 26,261 5,290 31,551
Charge for year 620 6 626
At 31 August 2023 26,881 5,296 32,177
NET BOOK VALUE
At 31 August 2023 1,511 14 1,525
At 31 August 2022 2,131 20 2,151

ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 1,692,644
Disposals (460,000 )
Revaluations (340,840 )
At 31 August 2023 891,804
NET BOOK VALUE
At 31 August 2023 891,804
At 31 August 2022 1,692,644

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2015 56,059
Valuation in 2016 15,000
Valuation in 2018 15,000
Valuation in 2020 339,644
Valuation in 2021 28,000
Valuation in 2023 (340,840 )
Cost 778,941
891,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 7,719 1,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security (1,182 ) 530
Other creditors 254,315 300,200
253,133 300,730

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 9) 714,744 1,109,820

ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 233,053 233,053
Bank loans - 227,625
Bank loans 481,691 649,142
714,744 1,109,820

9. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 233,053 233,053
Bank loans - 227,625
Bank loans 481,691 649,142
714,744 1,109,820

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 714,744 1,109,820

The mortgage loans are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2022 (208,801 ) 453,703 244,902
Deficit for the year (310,158 ) (310,158 )
Revaluation reserve 340,840 (340,840 ) -
At 31 August 2023 (178,119 ) 112,863 (65,256 )

ALFA INVESTMENTS UK LTD (REGISTERED NUMBER: 04501169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Alfandary.