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REGISTERED NUMBER: 11057214 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AKL INVESTMENT PROPERTIES LIMITED

AKL INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 11057214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKL INVESTMENT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms A Lalli





REGISTERED OFFICE: Dudley House
31 Lower Road
Harrow
HA2 0DE





REGISTERED NUMBER: 11057214 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

AKL INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 11057214)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 524,542 524,542

CURRENT ASSETS
Debtors 5 10,000 10,000
Cash at bank 9,532 8,633
19,532 18,633
CREDITORS
Amounts falling due within one year 6 (76,157 ) (64,996 )
NET CURRENT LIABILITIES (56,625 ) (46,363 )
TOTAL ASSETS LESS CURRENT LIABILITIES 467,917 478,179

CREDITORS
Amounts falling due after more than one
year

7

(455,673

)

(471,002

)
NET ASSETS 12,244 7,177

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 12,144 7,077
SHAREHOLDERS' FUNDS 12,244 7,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

AKL INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 11057214)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 23 September 2024 and were signed by:





Ms A Lalli - Director


AKL INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 11057214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

AKL Investment 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.

There are net current liabilities of £46,508 (2022: £46,363) at the balance sheet date.

The director and related party have given assurances that they will not seek repayment of their loans until such time as the company is in a position to do so.

In view of this the director of the company is of the opinion that the going concern basis is applicable in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of rents receivable.

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 (2022 - 1 ) .

AKL INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 11057214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 524,542
NET BOOK VALUE
At 31 December 2023 524,542
At 31 December 2022 524,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 10,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 62,500 62,500
Trade creditors - 223
Taxation and social security 1,188 1,373
Other creditors 12,469 900
76,157 64,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 276,885 293,637
Other creditors 178,788 177,365
455,673 471,002

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,885 43,637

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 62,500 62,500

AKL INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 11057214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. LOANS - continued
31.12.23 31.12.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 62,500 62,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 187,500 187,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,885 43,637

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 339,385 356,137

The bank loan is secured by a charge on the investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100