IRIS Accounts Production v24.3.0.553 11339359 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113393592023-05-31113393592024-05-31113393592023-06-012024-05-31113393592022-05-31113393592022-06-012023-05-31113393592023-05-3111339359ns15:EnglandWales2023-06-012024-05-3111339359ns14:PoundSterling2023-06-012024-05-3111339359ns10:Director12023-06-012024-05-3111339359ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111339359ns10:SmallEntities2023-06-012024-05-3111339359ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111339359ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111339359ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111339359ns10:FullAccounts2023-06-012024-05-3111339359ns10:OrdinaryShareClass12023-06-012024-05-3111339359ns10:Director22023-06-012024-05-3111339359ns10:RegisteredOffice2023-06-012024-05-3111339359ns5:CurrentFinancialInstruments2024-05-3111339359ns5:CurrentFinancialInstruments2023-05-3111339359ns5:Non-currentFinancialInstruments2024-05-3111339359ns5:Non-currentFinancialInstruments2023-05-3111339359ns5:ShareCapital2024-05-3111339359ns5:ShareCapital2023-05-3111339359ns5:RevaluationReserve2024-05-3111339359ns5:RevaluationReserve2023-05-3111339359ns5:RetainedEarningsAccumulatedLosses2024-05-3111339359ns5:RetainedEarningsAccumulatedLosses2023-05-3111339359ns5:FurnitureFittings2023-06-012024-05-3111339359ns5:ComputerEquipment2023-06-012024-05-3111339359ns5:FurnitureFittings2023-05-3111339359ns5:ComputerEquipment2023-05-3111339359ns5:FurnitureFittings2024-05-3111339359ns5:ComputerEquipment2024-05-3111339359ns5:FurnitureFittings2023-05-3111339359ns5:ComputerEquipment2023-05-3111339359ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111339359ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111339359ns5:Between6MonthsOneYear2024-05-3111339359ns5:Between6MonthsOneYear2023-05-3111339359ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3111339359ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3111339359ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3111339359ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3111339359ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3111339359ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3111339359ns5:BetweenFive10Yearsns5:Non-currentFinancialInstruments2024-05-3111339359ns5:BetweenFive10Yearsns5:Non-currentFinancialInstruments2023-05-3111339359ns5:DeferredTaxation2023-05-3111339359ns5:DeferredTaxation2023-06-012024-05-3111339359ns5:DeferredTaxation2024-05-3111339359ns10:OrdinaryShareClass12024-05-3111339359ns5:RetainedEarningsAccumulatedLosses2023-05-3111339359ns5:RevaluationReserve2023-05-3111339359ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31113393591ns10:Director12023-05-31113393591ns10:Director12022-05-31113393591ns10:Director12023-06-012024-05-31113393591ns10:Director12022-06-012023-05-31113393591ns10:Director12024-05-31113393591ns10:Director12023-05-3111339359ns10:Director222023-05-3111339359ns10:Director222022-05-3111339359ns10:Director222023-06-012024-05-3111339359ns10:Director222022-06-012023-05-3111339359ns10:Director222024-05-3111339359ns10:Director222023-05-31
REGISTERED NUMBER: 11339359 (England and Wales)






ALPHA 1 PROPERTIES-UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALPHA 1 PROPERTIES-UK LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Mrs L Blunston
S Blunston





REGISTERED OFFICE: 27 Old Gloucester Street
London
W1N 3AX





REGISTERED NUMBER: 11339359 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

BALANCE SHEET
31 May 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,464 8,323
Investment property 5 1,350,000 1,282,000
1,353,464 1,290,323

CURRENT ASSETS
Debtors 6 10,671 43,392
Cash at bank 2,997 6,852
13,668 50,244
CREDITORS
Amounts falling due within one year 7 (149,531 ) (215,359 )
NET CURRENT LIABILITIES (135,863 ) (165,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,601

1,125,208

CREDITORS
Amounts falling due after more than one
year

8

(923,164

)

(928,869

)

PROVISIONS FOR LIABILITIES 10 (79,655 ) (40,379 )
NET ASSETS 214,782 155,960

CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 12 247,155 247,155
Retained earnings 12 (32,375 ) (91,197 )
SHAREHOLDERS' FUNDS 214,782 155,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

BALANCE SHEET - continued
31 May 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 27 February 2025 and were signed on its behalf by:





S Blunston - Director


ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Alpha 1 Properties-UK Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and 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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 25,046 1,419 26,465
Additions 573 - 573
At 31 May 2024 25,619 1,419 27,038
DEPRECIATION
At 1 June 2023 17,031 1,111 18,142
Charge for year 5,124 308 5,432
At 31 May 2024 22,155 1,419 23,574
NET BOOK VALUE
At 31 May 2024 3,464 - 3,464
At 31 May 2023 8,015 308 8,323

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,282,000
Revaluations 68,000
At 31 May 2024 1,350,000
NET BOOK VALUE
At 31 May 2024 1,350,000
At 31 May 2023 1,282,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 167,162
Valuation in 2023 79,993
Valuation in 2024 68,000
Cost 1,034,845
1,350,000

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

31/5/24 31/5/23
£    £   
Cost 1,034,845 1,034,845

The investment properties were valued on an open market basis on 31 May 2024 by the directors. .

ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 1,617 -
Amounts owed by group undertakings 9,054 2
Other debtors - 43,390
10,671 43,392

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 5,815 5,680
Trade creditors 12,605 7,313
Amounts owed to group undertakings - 11,866
Corporation tax payable 192 -
Other creditors 275 1,061
Directors' loan accounts 128,910 189,439
Accrued expenses 1,734 -
149,531 215,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years 5,954 5,814
Bank loans - 2-5 years 18,727 18,291
Bank loans more 5 yr by instal 2,411 8,801
Bank loans more 5 yrs non-inst 896,072 895,963
923,164 928,869

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 896,072 895,963

Repayable by instalments
Bank loans more 5 yr by instal 2,411 8,801

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank loans 896,072 895,963

The bank loans are secured by a fixed charge over the investment properties.

The UK Government has provided a guarantee for the bounce back loan should the company default on repayment.

ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

10. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred taxation 79,655 40,379

Deferred
tax
£   
Balance at 1 June 2023 40,379
Provided during year 39,276
Balance at 31 May 2024 79,655

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 (91,197 ) 247,155 155,958
Profit for the year 58,822 58,822
At 31 May 2024 (32,375 ) 247,155 214,780

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
S Blunston
Balance outstanding at start of year (94,719 ) (105,687 )
Amounts advanced 39,271 11,738
Amounts repaid (9,007 ) (770 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (64,455 ) (94,719 )

Mrs L Blunston
Balance outstanding at start of year (94,719 ) (105,687 )
Amounts advanced 39,271 11,738
Amounts repaid (9,007 ) (770 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (64,455 ) (94,719 )

ALPHA 1 PROPERTIES-UK LTD (REGISTERED NUMBER: 11339359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Blunston Group Ltd.