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Registration number: 07309381

Alfa Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Alfa Property Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Alfa Property Limited

Company Information

Directors:

Mr D Ahmovic

Mr E Ahmovic

Registered office:

1 Haven Green
1 Haven House
Upper Ground Floor
London
W5 2UU

Registered number:

07309381

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Alfa Property Limited

(Registration number: 07309381)
Balance Sheet as at 31 December 2023

Note

31.12.23

31.12.22

   

£

£

£

£

FIXED ASSETS

   

 

Investment property

4

 

669,000

 

669,000

CURRENT ASSETS

   

 

Debtors

5

1,862

 

300

 

Cash at bank and in hand

 

59,811

 

50,167

 

 

61,673

 

50,467

 

CREDITORS

   

 

Creditors within 1yr

6

22,241

 

28,080

 

Net current assets

   

39,432

 

22,387

Total assets less current liabilities

   

708,432

 

691,387

PROVISIONS FOR LIABILITIES

 

(29,376)

 

(19,243)

Net assets

   

679,056

 

672,144

CAPITAL AND RESERVES

   

 

Called up share capital

 

2

 

2

Other reserves

 

114,685

 

124,818

Profit and loss account

 

564,369

 

547,324

Shareholders' funds

   

679,056

 

672,144

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.

 

Alfa Property Limited

(Registration number: 07309381)
Balance Sheet as at 31 December 2023 (continued)

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.

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 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 26 September 2024

.........................................
Mr D Ahmovic
Director

 

Alfa Property Limited

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 England & Wales.

The address of its registered office is:
1 Haven Green
1 Haven House
Upper Ground Floor
London
W5 2UU

These financial statements were authorised for issue by the Board on 26 September 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.

The presentational currency is Pound Sterling (£).

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Alfa Property Limited

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

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

3.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4.

Investment properties

31.12.23
£

At 1 January

669,000

At 31 December

669,000

The properties were revalued at the year end on an open market basis by the directors and fair value is represented by cost of £524,939 plus revaluation surplus of £144,061 giving a total £669,000.

5.

Debtors

Current

31.12.23
£

31.12.22
£

Other debtors

1,862

300

 

1,862

300

 

Alfa Property Limited

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

6.

Creditors

Creditors: amounts falling due within one year

31.12.23
£

31.12.22
£

Due within one year

Taxation and social security

12,166

15,480

Accruals and deferred income

2,800

4,600

Other creditors

7,275

8,000

22,241

28,080

Included in other creditors is £7,275 owed to the directors on which no interest or repayment terms have been set.