11341467 2023-06-01 2024-05-31 11341467 uk-bus:Director1 2023-06-01 2024-05-31 11341467 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11341467 uk-bus:SmallEntities 2023-06-01 2024-05-31 11341467 uk-bus:FullAccounts 2023-06-01 2024-05-31 11341467 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11341467 2023-06-01 11341467 2024-05-31 11341467 2022-06-01 2023-05-31 11341467 2023-05-31 xbrli:pure iso4217:GBP 11341467 2022-06-01 2023-05-31
Company Registration Number : 11341467 (England and Wales)
11341467
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-05-31
false
Alphalink Properties Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-06-01
Alphalink Properties Limited
Unaudited financial statements and annual report
For the year ended 31 May 2024
Alphalink Properties Limited
Contents
For the year ended 31 May 2024

CONTENTS PAGE
Company Information 3
Directors' Report 4
Directors' Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10


Alphalink Properties Limited
Company Information
For the year ended 31 May 2024

Company registration number 11341467 (England and Wales)
Directors Ihuoma Oluwatowoju
Isaac Oluwatowoju
Registered office address 15 Ceremony Wynd
Middlesbrough
TS4 2WG
Accountant












Accountant





Alphalink Properties Limited
Directors' Report
For the year ended 31 May 2024

The directors present their report and the Unaudited Financial Statements for the year ended 31 May 2024.
Principal activity
Other letting and operating of own or leased real estate
Directors of the company
The following directors held office during the whole of the period:
Ihuoma Oluwatowoju
Isaac Oluwatowoju
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A.
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;
-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Ihuoma Oluwatowoju (Director)
Date: 20 February 2025
This report was approved by the board on 2025-02-20 Date: 20 February 2025
Alphalink Properties Limited
Accountant's report
For the year ended 31 May 2024

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of Alphalink Properties Limited for the year ended 31 May 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alphalink Properties Limited for the year ended 31 May 2024.


We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.


You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.


The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






2025-02-20 Date: 20 February 2025
5
Alphalink Properties Limited
Income Statement
For the year ended 31 May 2024

2024 2023
Notes £ £
Turnover 5 66,576 128,575
Cost of sales (14,669) (21,297)
Gross profit 51,907 107,277
Selling and distribution expenses (35) (176)
Administrative expenses (20,447) (26,829)
Operating profit 31,424 80,272
Interest receivable and similar income - -
Interest payable and similar charges 7 (7,186) (35,007)
Profit on ordinary activities before taxation 24,239 45,265
Tax 8 (231) -
Profit for the year 24,008 45,265
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2024 2023
£ £
Alphalink Properties Limited
Statement of Financial Position
For the year ended 31 May 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 9 501,079 386,113
501,079 386,113
Current assets
Debtors 10 - 29,110
Cash and cash equivalents 11 34,558 33,387
34,558 62,497
Current liabilities
Creditors: Amounts falling due within one year 12 (2,181) -
Corporation tax payable (231) -
(2,412) -
Net current assets/(liabilities) 32,146 62,497
Total assets less current liabilities 533,225 448,610
Non-current liabilities
Creditors: Amounts falling due after more than one year 13 (319,352) (256,744)
Net assets/(liabilities) 213,873 191,866
Capital and reserves
Called up share capital 14 200,000 200,000
Retained earnings 13,873 (8,134)
Shareholders' funds 213,873 191,866
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 20 February 2025
.............................
Ihuoma Oluwatowoju (Director)
Company registration number: 11341467
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-05-31 31 May 2024
2024 2023
£ £
Fixed Assets 501,079 386,113
Current Assets 34,558 62,497
Creditors: amounts falling due within one year (2,412) 0
Net current assets (liabilities) 32,146 62,497
Total assets less current liabilities 533,225 448,610
CREDITORS: Amounts falling due more than one year (319,352) (256,744)
Net Assets (liabilities) 213,873 191,866
Capital and Reserves 213,873 191,866
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-05-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 20 February 2025 2025-02-20 and signed on behalf of the board,
.............................
Ihuoma Oluwatowoju
Director
Company registration number: 11341467
Alphalink Properties Limited
Notes to the Financial Statements
For the year ended 31 May 2024

(1) General Information
Alphalink Properties Limited is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
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. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2024 2023
£ £
Sales 66,576 128,575
66,576 128,575

(6) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(7) Interest payable and similar charges
2024 2023
£ £
Interest on bank loans and overdrafts 7,186 35,007
7,186 35,007

(8) Tax
Current tax
2024 2023
£ £
Corporation tax charge for current year 231 -
Total current tax 231 -

(9) Tangible fixed assets
Land and Buildings
£
Cost
As at 01 June 2023386,113
Additions114,966
As at 31 May 2024501,079
Depreciation
As at 31 May 2024-
Net book value
As at 31 May 2024501,079
As at 31 May 2023386,113

(10) Debtors
Amounts falling due within one year
2024 2023
£ £
Other debtors - 29,110
- 29,110

(11) Cash and cash equivalents
2024 2023
£ £
Bank balance 34,558 33,387
34,558 33,387

(12) Creditors: Amounts falling due within one year
2024 2023
£ £
Other creditors 2,181 -
2,181 -

(13) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 161,878 80,482
Other creditors 157,474 176,263
319,352 256,745

(14) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
200,000 (2023 : 200,000) Ordinary Shares of £ 1 each200,000200,000
200,000 200,000
Ordinary shares hold equal voting rights.
Retained earnings 2024
£
At 1 June 2023 (35,067)
Profit of the year 50,940
Dividends paid (2,000)
At 31 May 2024 13,873