2023-06-01 2024-05-31 false Capium Accounts Production 1.1 SC284826 2023-06-01 2024-05-31 SC284826 bus:FullAccounts 2023-06-01 2024-05-31 SC284826 bus:FRS102 2023-06-01 2024-05-31 SC284826 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC284826 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC284826 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC284826 2023-06-01 2024-05-31 SC284826 2024-05-31 SC284826 bus:RegisteredOffice 2023-06-01 2024-05-31 SC284826 core:WithinOneYear 2024-05-31 SC284826 core:AfterOneYear 2024-05-31 SC284826 1 2023-06-01 2024-05-31 SC284826 bus:Director1 2023-06-01 2024-05-31 SC284826 bus:Director1 2024-05-31 SC284826 bus:Director1 2022-06-01 2023-05-31 SC284826 2022-06-01 SC284826 bus:CompanySecretary1 2023-06-01 2024-05-31 SC284826 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 SC284826 2022-06-01 2023-05-31 SC284826 2023-05-31 SC284826 core:WithinOneYear 2023-05-31 SC284826 core:AfterOneYear 2023-05-31 SC284826 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 SC284826 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 SC284826 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 SC284826 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 SC284826 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC284826 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC284826 core:Non-currentFinancialInstruments 2024-05-31 SC284826 core:Non-currentFinancialInstruments 2023-05-31 SC284826 core:ShareCapital 2024-05-31 SC284826 core:ShareCapital 2023-05-31 SC284826 core:RevaluationReserve 2024-05-31 SC284826 core:RevaluationReserve 2023-05-31 SC284826 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC284826 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC284826 dpl:Item1 2023-06-01 SC284826 dpl:Item1 2024-05-31 SC284826 dpl:Item1 2022-06-01 SC284826 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC284826
Scotland

 

 

 

ALIFIN INVESTMENTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Alistair James Whyte
Registered Number SC284826
Registered Office Unit 26
Dunfermline Business Centre, Izatt Avenue
Dunfermline
Fife
KY11 3BZ
Accountants M & S Accountancy and Taxation Limited
Unit 26 Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ
Secretary Dalgety House LLP
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 3,585,373    3,236,010 
3,585,373    3,236,010 
Current assets      
Debtors 4 61   
Cash at bank and in hand 93,423    50,772 
93,484    50,772 
Creditors: amount falling due within one year 5 (15,178)   (39,161)
Net current assets 78,306    11,611 
 
Total assets less current liabilities 3,663,679    3,247,621 
Provisions for liabilities 6 (340,682)   (202,193)
Net assets 3,322,997    3,045,428 
 

Capital and reserves
     
Called up share capital 1    1 
Reserves 7 1,362,730    1,064,173 
Profit and loss account 1,960,266    1,981,254 
Shareholders' funds 3,322,997    3,045,428 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 February 2025 and were signed by:


-------------------------------
Alistair James Whyte
Director
2
General Information
Alifin Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC284826, registration address Unit 26, Dunfermline Business Centre, Izatt Avenue, Dunfermline, Fife, KY11 3BZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
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 balance sheet when the company becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 3,236,010    3,236,010 
Additions 510,675    510,675 
Transfer to/from tangible fixed assets  
Disposals (461,459)   (461,459)
Revaluations 300,147    300,147 
At 31 May 2024 3,585,373    3,585,373 

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 61   
61   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 12,321    36,025 
Accrued Expenses 2,600    2,879 
Directors' Current Account 257    257 
15,178    39,161 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 340,682    202,193 
340,682    202,193 

7.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 1,064,173    1,246,371 
Transfers to/from Other Reserves 298,557    (182,198)
1,362,730    1,064,173 

3