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REGISTERED NUMBER: 12016581 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Alfa Property Partners Ltd

Alfa Property Partners Ltd (Registered number: 12016581)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Alfa Property Partners Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs V L Jones
Mr J A Jones





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 12016581 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Alfa Property Partners Ltd (Registered number: 12016581)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,686 44,337
Investment property 5 5,950,000 5,280,000
5,987,686 5,324,337

CURRENT ASSETS
Debtors 6 57,196 833
Cash at bank 31,627 14,334
88,823 15,167
CREDITORS
Amounts falling due within one year 7 (168,453 ) (245,758 )
NET CURRENT LIABILITIES (79,630 ) (230,591 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,908,056 5,093,746

CREDITORS
Amounts falling due after more than one year 8 (2,785,000 ) (2,810,000 )

PROVISIONS FOR LIABILITIES (176,922 ) (8,424 )
NET ASSETS 2,946,134 2,275,322

CAPITAL AND RESERVES
Called up share capital 11 1,000,000 1,000,000
Share premium 12 1,275,048 1,275,048
Fair value reserve 12 502,500 -
Retained earnings 12 168,586 274
SHAREHOLDERS' FUNDS 2,946,134 2,275,322

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

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

Alfa Property Partners Ltd (Registered number: 12016581)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr J A Jones - Director


Alfa Property Partners Ltd (Registered number: 12016581)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Alfa Property Partners 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% 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.

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 1 (2023 - 1 ) .

Alfa Property Partners Ltd (Registered number: 12016581)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 50,671
DEPRECIATION
At 1 April 2023 6,334
Charge for year 6,651
At 31 March 2024 12,985
NET BOOK VALUE
At 31 March 2024 37,686
At 31 March 2023 44,337

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,280,000
Revaluations 670,000
At 31 March 2024 5,950,000
NET BOOK VALUE
At 31 March 2024 5,950,000
At 31 March 2023 5,280,000

Investment property is valued per the advice of the Directors, as at the Balance Sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 56,424 -
Prepayments 772 833
57,196 833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 20,000 15,000
Amounts owed to group undertakings 78,047 50,000
Tax 994 5,207
Other creditors 6,332 67,635
Directors' current accounts 61,190 106,116
Accrued expenses 1,890 1,800
168,453 245,758

Alfa Property Partners Ltd (Registered number: 12016581)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 2,785,000 2,810,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,705,000 2,730,000

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,000 15,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,000 20,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 60,000 60,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,705,000 2,730,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 2,805,000 2,825,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
500,000 Ordinary A £1 500,000 500,000
500,000 Ordinary B £1 500,000 500,000
1,000,000 1,000,000

Alfa Property Partners Ltd (Registered number: 12016581)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 274 1,275,048 - 1,275,322
Profit for the year 719,826 719,826
Dividends (49,014 ) (49,014 )
Assets revalued in period (502,500 ) - 502,500 -
At 31 March 2024 168,586 1,275,048 502,500 1,946,134

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alfa Property Partners Ltd

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 Income Statement 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 Alfa Property Partners Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Alfa Property Partners Ltd, 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 Alfa Property Partners Ltd and state those matters that we have agreed to state to the Board of Directors of Alfa Property Partners Ltd, 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 Alfa Property Partners Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alfa Property Partners Ltd 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 Alfa Property Partners Ltd. You consider that Alfa Property Partners Ltd 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 Alfa Property Partners Ltd. 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.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


28 August 2024