1 July 2023 false No description of principal activity Taxfiler 2024.5 NI664984business:PrivateLimitedCompanyLtd2023-07-012024-06-30 NI6649842023-06-30 NI6649842023-07-012024-06-30 NI664984business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 NI664984business:FilletedAccounts2023-07-012024-06-30 NI6649842024-06-30 NI664984business:Director12023-07-012024-06-30 NI664984business:Director22023-07-012024-06-30 NI664984business:RegisteredOffice2023-07-012024-06-30 NI6649842023-06-30 NI664984core:WithinOneYear2024-06-30 NI664984core:WithinOneYear2023-06-30 NI664984core:AfterOneYear2024-06-30 NI664984core:AfterOneYear2023-06-30 NI664984core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 NI664984core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI664984core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 NI664984core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI664984core:PreviouslyStatedAmount2024-06-30 NI664984core:PreviouslyStatedAmount2023-06-30 NI664984business:SmallEntities2023-07-012024-06-30 NI664984countries:NorthernIreland2023-07-012024-06-30 NI664984business:OrdinaryShareClass12023-07-012024-06-30 NI664984business:OrdinaryShareClass12022-07-012023-06-30 NI6649842022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI664984 (Northern Ireland)
A1 Global Properties (NI) Ltd Unaudited accounts for the year ended 30 June 2024
A1 Global Properties (NI) Ltd Unaudited accounts Contents
Page
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A1 Global Properties (NI) Ltd Company Information for the year ended 30 June 2024
Directors
MRS ANNA SEMBHI MR JISBINDER SEMBHI
Company Number
NI664984 (Northern Ireland)
Registered Office
19 KILLYNICK ROAD DERRYLIN ENNISKILLEN CO. FERMANAGH BT92 9HJ UNITED KINGDOM
Accountants
W F Lemon & Co Ltd 76 Main Street Lisnaskea Co Fermanagh BT92 0JD
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A1 Global Properties (NI) Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
698,727 
698,727 
Current assets
Debtors
4,500 
- 
Cash at bank and in hand
62,546 
23,985 
67,046 
23,985 
Creditors: amounts falling due within one year
(14,137)
(7,484)
Net current assets
52,909 
16,501 
Total assets less current liabilities
751,636 
715,228 
Creditors: amounts falling due after more than one year
(667,788)
(670,100)
Net assets
83,848 
45,128 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
83,748 
45,028 
Shareholders' funds
83,848 
45,128 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
MRS ANNA SEMBHI Director Company Registration No. NI664984
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A1 Global Properties (NI) Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
A1 Global Properties (NI) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI664984. The registered office is 19 KILLYNICK ROAD, DERRYLIN, ENNISKILLEN, CO. FERMANAGH, BT92 9HJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
698,727 
At 30 June 2024
698,727 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,500 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,230 
1,140 
Taxes and social security
12,907 
4,344 
Deferred income
- 
2,000 
14,137 
7,484 
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A1 Global Properties (NI) Ltd Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
670,000 
670,000 
Loans from directors
(2,212)
100 
667,788 
670,100 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year the company received an interest free loan of £300,000 from A1 Logistics Holdings Ltd. Anna and Jisbinder Sembhi are director of A1 Logistics Holdings Ltd. Anna Sembhi owns 100% of the shares in A1 Logistics Holdings Ltd.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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