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REGISTERED NUMBER: 08795418 (England and Wales)














Unaudited Financial Statements

for the Period

1 November 2022 to 31 December 2023

for

ALFER INVESTMENTS LTD

ALFER INVESTMENTS LTD (REGISTERED NUMBER: 08795418)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALFER INVESTMENTS LTD

Company Information
for the Period 1 November 2022 to 31 December 2023







DIRECTOR: M Alsoni





REGISTERED OFFICE: Flat 4
24 Hornton Street
London
W8 4NR





REGISTERED NUMBER: 08795418 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
107 Hindes Road
Harrow
Middlesex
HA1 1RU

ALFER INVESTMENTS LTD (REGISTERED NUMBER: 08795418)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4,945,206 5,216,360
Debtors 4 201,377 198,885
Cash at bank 59,593 571
5,206,176 5,415,816
CREDITORS
Amounts falling due within one year 5 1,962,703 1,945,980
NET CURRENT ASSETS 3,243,473 3,469,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,243,473

3,469,836

CREDITORS
Amounts falling due after more than one
year

6

3,464,297

3,680,675
NET LIABILITIES (220,824 ) (210,839 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (220,924 ) (210,939 )
SHAREHOLDERS' FUNDS (220,824 ) (210,839 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:





M Alsoni - Director


ALFER INVESTMENTS LTD (REGISTERED NUMBER: 08795418)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Alfer Investments 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost includes all expenses incurred by the company relating to the property development project currently being undertaken.

Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 201,377 198,885

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Payments on account 1,774,735 1,774,735
Trade creditors 120,248 106,425
Other creditors 17,720 14,820
1,962,703 1,945,980

ALFER INVESTMENTS LTD (REGISTERED NUMBER: 08795418)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,778,398 1,778,398
Other creditors 1,685,899 1,902,277
3,464,297 3,680,675

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,778,398 1,778,398

The bank loan is secured on the company's freehold property, Viale Brenta 24 Milan 20139 Italy, which is disclosed as stock.

8. RELATED PARTY DISCLOSURES

During the year the company operated loan accounts with its shareholders which are disclosed as other creditors falling due after more than one year.

At the year end date, the aggregate balance on the loan accounts totalled:
2023 2022
£ £

Shareholder Loans Payable 1,685,899 1,902,277