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REGISTERED NUMBER: 01149214 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

ALAMI INTERNATIONAL LIMITED

ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALAMI INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr H J Vora
Mr S J Vora
Mr A J Vora
Mr B J Vora



SECRETARY: Mr B J Vora



REGISTERED OFFICE: 7 Bridgefields
Welwyn Garden City
Hertfordshire
AL7 1RX



REGISTERED NUMBER: 01149214 (England and Wales)



BANKERS: HSBC Bank Plc
Habib Bank AG Zurich

ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 17,410,840 17,439,182
Investment property 6 7,390,000 7,390,000
24,800,841 24,829,183

CURRENT ASSETS
Stocks 479,052 374,994
Debtors 7 85,794 274,087
Cash at bank and in hand 136,013 190,363
700,859 839,444
CREDITORS
Amounts falling due within one year 8 396,376 581,250
NET CURRENT ASSETS 304,483 258,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,105,324

25,087,377

CREDITORS
Amounts falling due after more than one year 9 (7,389,170 ) (7,387,239 )

PROVISIONS FOR LIABILITIES (400,600 ) (400,600 )
NET ASSETS 17,315,554 17,299,538

CAPITAL AND RESERVES
Called up share capital 11 1,667,305 1,667,305
Fair value reserve 3,331,870 3,331,870
Retained earnings 12,316,379 12,300,363
SHAREHOLDERS' FUNDS 17,315,554 17,299,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

BALANCE SHEET - continued
30TH SEPTEMBER 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 19th November 2024 and were signed on its behalf by:





Mr B J Vora - Director


ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Alami International 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.

Going concern

Taking into account the support of our bank, directors, shareholders and other factors, the Directors have taken a view that the Company will have sufficient financial resources to continue as a going concern.

Turnover
Turnover represents value of goods sold, excluding value added tax and net of any discounts.

Turnover for sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer and when there is no continuing involvement with goods.

Where customers are arranging for the collection of the goods, turnover is recognised when the goods are handed over to the delivery carriers. For other sales transactions, turnover is recognised when the goods are physically handed over to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Website costs
Website costs is amortised over a period of three years on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 12.5% on reducing balance

Freehold buildings are not depreciated as the directors consider that as they maintain the building no depreciation should be provided.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st October 2023
and 30th September 2024 12,500
AMORTISATION
At 1st October 2023
and 30th September 2024 12,499
NET BOOK VALUE
At 30th September 2024 1
At 30th September 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 17,201,445 758,781 17,960,226
Additions - 6,650 6,650
At 30th September 2024 17,201,445 765,431 17,966,876
DEPRECIATION
At 1st October 2023 - 521,044 521,044
Charge for year - 34,992 34,992
At 30th September 2024 - 556,036 556,036
NET BOOK VALUE
At 30th September 2024 17,201,445 209,395 17,410,840
At 30th September 2023 17,201,445 237,737 17,439,182

Included in land and buildings is freehold land of £5,805,019 (2023 - £5,805,019). The directors have not depreciated the building- the effect of this is to overstate the company's profit for the year by £227,929 and to overstate the company's net book value of fixed assets, and thus the company's net assets and cumulative reserves at the year- end by £877,905 (2023: £649,977).

ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 7,390,000
NET BOOK VALUE
At 30th September 2024 7,390,000
At 30th September 2023 7,390,000

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2010 2,274,908
Valuation in 2019 1,432,962
Cost 3,682,130
7,390,000

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

2024 2023
£    £   
Cost 3,682,130 3,682,130

In the opinion of the directors, the market values of the investment properties as at 30th September 2024 are unchanged at the revalued amounts as shown above.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 501 210,142
Other debtors 85,293 63,945
85,794 274,087

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,000 34,648
Trade creditors 136,863 276,019
Taxation and social security 17,237 42,787
Other creditors 218,276 227,796
396,376 581,250

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,367,000 5,415,939
Other creditors 2,022,170 1,971,300
7,389,170 7,387,239

ALAMI INTERNATIONAL LIMITED (REGISTERED NUMBER: 01149214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Banks loans payable after more
than 5 years by instalments 5,367,000 5,415,939
5,367,000 5,415,939

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,391,000 5,450,587

Bank facilities are secured against the freehold property and certain investment properties, including a lien on a deposit of £75,000 held by a bank.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,667,305 Ordinary Shares £1 1,667,305 1,667,305

12. RELATED PARTY DISCLOSURES

The Company has received interest free loans from the shareholders/directors and their immediate family members. The balance payable at the year-end was £1,632,700 (2023: £1,584,145)

The Company received a loan from a Company with common shareholders and directors - the balance payable at the year-end was £142,549 (2022: £138,533).

13. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by its directors and members of their close family, by virtue of the fact that between them they own all of the company's ordinary issued share capital.