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REGISTERED NUMBER: 12358862 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ALIPROPCO LTD

ALIPROPCO LTD (REGISTERED NUMBER: 12358862)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALIPROPCO LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: N Ali
B Ali





SECRETARY: N Ali





REGISTERED OFFICE: 11 Whitehall Road
Rugby
United Kingdom
CV21 3AE





REGISTERED NUMBER: 12358862 (England and Wales)






ALIPROPCO LTD (REGISTERED NUMBER: 12358862)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 6,597,425 6,597,425

CURRENT ASSETS
Debtors 5 352,886 281,473
Cash at bank 91,739 394,728
444,625 676,201
CREDITORS
Amounts falling due within one year 6 (297,015 ) (479,200 )
NET CURRENT ASSETS 147,610 197,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,745,035

6,794,426

CREDITORS
Amounts falling due after more than one
year

7

(3,997,529

)

(4,059,938

)
NET ASSETS 2,747,506 2,734,488

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 2,764,312 2,764,312
Retained earnings (17,806 ) (30,824 )
2,747,506 2,734,488

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





N Ali - Director


ALIPROPCO LTD (REGISTERED NUMBER: 12358862)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Alipropco Ltd is a limited company, limited by shares, registered in England and Wales. Its registered office address is 11 Whitehall Road, Rugby, CV21 3AE and the registered number is 12358862.

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.

The presentational currency of the financial statements is Pound sterling (£) and figures are rounding the nearest £1.

Turnover
Turnover comprises of rental income and is measured as the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of goods and services
Revenue from a contract to provide goods and services is recognised in the period in which the goods and
services are provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


ALIPROPCO LTD (REGISTERED NUMBER: 12358862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 6,597,425
NET BOOK VALUE
At 30 April 2024 6,597,425
At 30 April 2023 6,597,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 352,886 281,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,960 -
Taxation and social security 4,058 3,154
Other creditors 288,997 476,046
297,015 479,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,997,529 4,059,938

ALIPROPCO LTD (REGISTERED NUMBER: 12358862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,997,529 -

On 30 April 2024, a fixed and floating charge was registered over the assets of the company in relation to an increase in credit facility provided by a lender.

9. RELATED PARTY DISCLOSURES

At the year end, the company was owed £348,411 (2023: £277,005) by companies under common control.

At the year end, the company also owed £237,038 (2023: £153,605) to companies under common control.

At the year end the company owed a Family Trust in which the directors grand children are beneficiaries £29,501 ( 2023 £30,398).

At the year end the company was owed £2,929 in the form of a directors loan account (2023: Credit totalling £284,943)