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REGISTERED NUMBER: 09567142 (England and Wales)






















Aliam Properties Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Aliam Properties Limited (Registered number: 09567142)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aliam Properties Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mrs A Hainsworth
Mr L Payne





REGISTERED OFFICE: Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA





REGISTERED NUMBER: 09567142 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Aliam Properties Limited (Registered number: 09567142)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,940 1,656
Investment property 5 1,806,998 1,855,621
1,808,938 1,857,277

CURRENT ASSETS
Debtors 6 4,595 3,619
Cash at bank 87,304 21,668
91,899 25,287
CREDITORS
Amounts falling due within one year 7 14,578 16,667
NET CURRENT ASSETS 77,321 8,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,886,259

1,865,897

CREDITORS
Amounts falling due after more than one
year

8

(1,258,819

)

(1,258,819

)

PROVISIONS FOR LIABILITIES (485 ) (414 )
NET ASSETS 626,955 606,664

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 452,031 466,980
Retained earnings 174,824 139,584
SHAREHOLDERS' FUNDS 626,955 606,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Aliam Properties Limited (Registered number: 09567142)

Balance Sheet - continued
30 April 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 3 September 2024 and were signed on its behalf by:





Mr L Payne - Director


Aliam Properties Limited (Registered number: 09567142)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Aliam Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 50% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value 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 - NIL ) .

Aliam Properties Limited (Registered number: 09567142)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 648 1,877 2,525
Additions - 1,369 1,369
At 30 April 2024 648 3,246 3,894
DEPRECIATION
At 1 May 2023 68 801 869
Charge for year 162 923 1,085
At 30 April 2024 230 1,724 1,954
NET BOOK VALUE
At 30 April 2024 418 1,522 1,940
At 30 April 2023 580 1,076 1,656

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,855,621
Additions 73,877
Disposals (110,371 )
Revaluations (12,129 )
At 30 April 2024 1,806,998
NET BOOK VALUE
At 30 April 2024 1,806,998
At 30 April 2023 1,855,621

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 30,000
Valuation in 2019 16,276
Valuation in 2020 34,000
Valuation in 2022 77,930
Valuation in 2023 219,100
Valuation in 2024 (12,129 )
Cost 1,441,821
1,806,998

The Investment Properties have been valued by the director at their current market value.

Aliam Properties Limited (Registered number: 09567142)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,350
Other debtors 2,186 -
Prepayments 2,409 2,269
4,595 3,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73 13
Corporation tax 5,977 12,950
Social security and other taxes 647 -
Other creditors 2,094 -
Director's current account 2,301 -
Accruals and deferred income 3,486 3,704
14,578 16,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 1,258,819 1,258,819

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,425 -
Between one and five years 2,163 -
10,588 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
55 A Ordinary £1 55 55
45 B Ordinary £1 45 45
100 100