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
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
A1 Global Properties (NI) Ltd
Statement of financial position
as at 30 June 2024
Investment property
698,727
698,727
Cash at bank and in hand
62,546
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)
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
A1 Global Properties (NI) Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 July 2023
698,727
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,230
1,140
Taxes and social security
12,907
4,344
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
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).