REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
ALPHA INVESTMENT PROPERTY LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
ALPHA INVESTMENT PROPERTY LIMITED |
ALPHA INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 10977392) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ALPHA INVESTMENT PROPERTY LIMITED |
Company Information |
for the Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Century Buildings |
14 St Mary's Parsonage |
Manchester |
M3 2DF |
ALPHA INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 10977392) |
Balance Sheet |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
ALPHA INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 10977392) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Alpha Investment Property Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 Statement of Income and Retained Earnings, 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. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Included within investment property: |
The value of investment properties held by the company with an original cost of £859,768 has been reduced to £50,000 due to the uncertainty of their value following a legal case and the subsequent appointment of real estate consultants. |
The remaining investment properties held by the company are shown at their cost of £250,717. It was considered that the open market value of these properties would not have changed materially by the year end and therefore the open market value for these properties has been left at £250,717. |
ALPHA INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 10977392) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
4. | INVESTMENT PROPERTY - continued |
Cost or valuation at 30 September 2024 is represented by: |
£ |
Valuation in 2023 | (809,768 | ) |
Cost | 1,110,485 |
300,717 |
I |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Taxation and social security | ( |
) | ( |
) |
Other creditors |
7. | BASIS OF PREPARATION |
The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of its directors. At the balance sheet date, the company had net liabilities of £767,377 (2023: £771,521) and a reported profit for the year of £4,144 (2023: £824,063 loss). In the opinion of the directors, the company has their support for the foreseeable future and it is therefore appropriate to adopt the going concern basis. |