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REGISTERED NUMBER: 08356962 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st January 2024

for

ALMS Property Limited

ALMS Property Limited (Registered number: 08356962)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALMS Property Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: M H Musgrave
M T Lister





REGISTERED OFFICE: Toppitt Croft
Bagden Lane
Clayton West
Huddersfield
West Yorkshire
HD8 9LQ





REGISTERED NUMBER: 08356962 (England and Wales)

ALMS Property Limited (Registered number: 08356962)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,845 -
Investment property 5 1,570,000 1,134,977
1,734,845 1,134,977

CURRENT ASSETS
Debtors 6 - 10,189
Cash at bank 23,763 75,452
23,763 85,641
CREDITORS
Amounts falling due within one year 7 1,140,698 1,077,247
NET CURRENT LIABILITIES (1,116,935 ) (991,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,910

143,371

CREDITORS
Amounts falling due after more than one
year

8

(58,333

)

-

PROVISIONS FOR LIABILITIES (116,185 ) (10,379 )
NET ASSETS 443,392 132,992

CAPITAL AND RESERVES
Called up share capital 10 4 4
Non-distributable reserve 379,892 50,675
Retained earnings 63,496 82,313
SHAREHOLDERS' FUNDS 443,392 132,992

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st January 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.

ALMS Property Limited (Registered number: 08356962)

Balance Sheet - continued
31st January 2024


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 Board of Directors and authorised for issue on 8th October 2024 and were signed on its behalf by:





M T Lister - Director


ALMS Property Limited (Registered number: 08356962)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

ALMS Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Rental income
Rental income represents rents receivable during the financial year and is measured at the fair value of the consideration received or receivable excluding discounts, rebates and any other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on Reducing Balance

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

ALMS Property Limited (Registered number: 08356962)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 219,793
At 31st January 2024 219,793
DEPRECIATION
Charge for year 54,948
At 31st January 2024 54,948
NET BOOK VALUE
At 31st January 2024 164,845

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 219,793
At 31st January 2024 219,793
DEPRECIATION
Charge for year 54,948
At 31st January 2024 54,948
NET BOOK VALUE
At 31st January 2024 164,845

ALMS Property Limited (Registered number: 08356962)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 1,134,977
Revaluations 435,023
At 31st January 2024 1,570,000
NET BOOK VALUE
At 31st January 2024 1,570,000
At 31st January 2023 1,134,977

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2016 61,055
Valuation in 2024 435,023
Cost 1,073,922
1,570,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 1,073,922 1,073,922

Investment properties were valued on an open market basis on 31st January 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 10,189

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 25,000 -
Taxation and social security 461 7,040
Other creditors 1,115,237 1,070,207
1,140,698 1,077,247

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 58,333 -

ALMS Property Limited (Registered number: 08356962)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 83,333 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
1 Ordinary 'C' £1 1 1
1 Ordinary 'D' £1 1 1
4 4