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Registration number: 11739864

Alfa Jia Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Alfa Jia Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Alfa Jia Ltd

Company Information

Directors

Ms H Li

Ms W Fan

Registered office

20 Glenfinlas Way
London
SE5 0PW

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Alfa Jia Ltd

(Registration number: 11739864)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

5,763

6,817

Investment property

6

465,000

465,000

 

470,763

471,817

Current assets

 

Debtors

7

2,431

383

Cash at bank and in hand

 

3,027

10,474

 

5,458

10,857

Creditors: Amounts falling due within one year

8

(117,335)

(101,325)

Net current liabilities

 

(111,877)

(90,468)

Total assets less current liabilities

 

358,886

381,349

Creditors: Amounts falling due after more than one year

8

(364,045)

(374,101)

Provisions for liabilities

(13,550)

(13,550)

Net liabilities

 

(18,709)

(6,302)

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

(18,711)

(6,304)

Shareholders' deficit

 

(18,709)

(6,302)

 

Alfa Jia Ltd

(Registration number: 11739864)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 August 2024 and signed on its behalf by:
 

.........................................
Ms H Li
Director

.........................................
Ms W Fan
Director

 

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
20 Glenfinlas Way
London
SE5 0PW
United Kingdom

These financial statements were authorised for issue by the Board on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Furniture

Straight line over 10 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,054

1,054

 

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2023

10,541

10,541

At 31 December 2023

10,541

10,541

Depreciation

At 1 January 2023

3,724

3,724

Charge for the year

1,054

1,054

At 31 December 2023

4,778

4,778

Carrying amount

At 31 December 2023

5,763

5,763

At 31 December 2022

6,817

6,817

6

Investment properties

2023
£

At 1 January

465,000

At 31 December

465,000

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2023
£

2022
£

Trade debtors

(74)

64

Prepayments

613

319

Other debtors

1,892

-

 

2,431

383

 

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

10,056

9,808

Accruals and deferred income

 

5,949

4,374

Other creditors

 

101,330

87,143

 

117,335

101,325

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

364,045

374,101

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

364,045

374,101

2023
£

2022
£

Current loans and borrowings

Other borrowings

10,056

9,808

 

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

11

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Ms H Li

Director's loan account

(41,533)

550

(6,868)

(47,851)

         
       

Ms W Fan

Director's loan account

(45,611)

-

(7,868)

(53,479)

         
       

 

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Ms H Li

Director's loan account

(54,344)

16,981

(4,170)

(41,533)

         
       

Ms W Fan

Director's loan account

(52,991)

8,500

(1,120)

(45,611)