Registration number:
Alfa Property Limited
for the Year Ended 31 December 2023
Alfa Property Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Alfa Property Limited
Company Information
Directors: |
Mr D Ahmovic Mr E Ahmovic |
Registered office: |
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Registered number: |
07309381 |
Accountants: |
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Alfa Property Limited
(Registration number: 07309381)
Balance Sheet as at 31 December 2023
Note |
31.12.23 |
31.12.22 |
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£ |
£ |
£ |
£ |
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FIXED ASSETS |
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Investment property |
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CURRENT ASSETS |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
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Creditors within 1yr |
22,241 |
28,080 |
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Net current assets |
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Total assets less current liabilities |
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PROVISIONS FOR LIABILITIES |
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( |
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Net assets |
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CAPITAL AND RESERVES |
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Called up share capital |
2 |
2 |
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Other reserves |
114,685 |
124,818 |
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Profit and loss account |
564,369 |
547,324 |
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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:
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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
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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:
These financial statements were authorised for issue by the
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
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
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
4. |
Investment properties |
31.12.23 |
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At 1 January |
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At 31 December |
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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 |
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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 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Included in other creditors is £7,275 owed to the directors on which no interest or repayment terms have been set.