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REGISTERED NUMBER: 00831904 (England and Wales)














ALKEN INVESTMENT COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






ALKEN INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00831904)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 5 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ALKEN INVESTMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 5 APRIL 2024







DIRECTORS: S A Last
P K Last
I Last
J Last





SECRETARY:





REGISTERED OFFICE: 10 Drovers Way
Bishops Stortford
Hertfordshire
CM23 4GF





REGISTERED NUMBER: 00831904 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

ALKEN INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00831904)

ABRIDGED BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,769 1,365
Investments 5 14,524 14,524
Investment property 6 1,005,000 1,005,000
1,021,293 1,020,889

CURRENT ASSETS
Debtors 3,546 6,873
Cash at bank 55,378 74,743
58,924 81,616
CREDITORS
Amounts falling due within one year 10,717 11,664
NET CURRENT ASSETS 48,207 69,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,500

1,090,841

PROVISIONS FOR LIABILITIES 89,518 89,518
NET ASSETS 979,982 1,001,323

CAPITAL AND RESERVES
Called up share capital 2,660 2,660
Share premium 188,640 188,640
Revaluation reserve 7 503,120 503,120
Retained earnings 285,562 306,903
SHAREHOLDERS' FUNDS 979,982 1,001,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALKEN INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00831904)

ABRIDGED BALANCE SHEET - continued
5 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





P K Last - Director


ALKEN INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00831904)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 5 APRIL 2024

1. STATUTORY INFORMATION

Alken Investment Company 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 as modified by the revaluation of certain assets.

Turnover
The turnover of the company represents rental income receivable from tenants of the company's properties.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 6 April 2023 2,637
Additions 1,399
At 5 April 2024 4,036
DEPRECIATION
At 6 April 2023 1,272
Charge for year 995
At 5 April 2024 2,267
NET BOOK VALUE
At 5 April 2024 1,769
At 5 April 2023 1,365

ALKEN INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00831904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5 APRIL 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 6 April 2023
and 5 April 2024 14,524
NET BOOK VALUE
At 5 April 2024 14,524
At 5 April 2023 14,524

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 1,005,000
NET BOOK VALUE
At 5 April 2024 1,005,000
At 5 April 2023 1,005,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2019 552,638
Valuation in 2021 40,000
Cost 412,362
1,005,000

The investment properties were valued on an open market basis by the directors.

7. RESERVES
Revaluation
reserve
£   
At 6 April 2023
and 5 April 2024 503,120