Silverfin false false 30/06/2024 01/07/2023 30/06/2024 A Shakirzyanova 02/06/2015 28 March 2025 The principal activity of the company during the financial period continued to be that of property investment. 09619952 2024-06-30 09619952 bus:Director1 2024-06-30 09619952 2023-06-30 09619952 core:CurrentFinancialInstruments 2024-06-30 09619952 core:CurrentFinancialInstruments 2023-06-30 09619952 core:ShareCapital 2024-06-30 09619952 core:ShareCapital 2023-06-30 09619952 core:RetainedEarningsAccumulatedLosses 2024-06-30 09619952 core:RetainedEarningsAccumulatedLosses 2023-06-30 09619952 bus:OrdinaryShareClass1 2024-06-30 09619952 2023-07-01 2024-06-30 09619952 bus:FilletedAccounts 2023-07-01 2024-06-30 09619952 bus:SmallEntities 2023-07-01 2024-06-30 09619952 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09619952 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09619952 bus:Director1 2023-07-01 2024-06-30 09619952 2022-06-27 2023-06-30 09619952 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 09619952 bus:OrdinaryShareClass1 2022-06-27 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09619952 (England and Wales)

ALIAANDCO LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ALIAANDCO LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ALIAANDCO LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
ALIAANDCO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Investment property 3 3,399,524 3,399,524
3,399,524 3,399,524
Current assets
Debtors 4 8,431 37,136
Cash at bank and in hand 96,220 2,763
104,651 39,899
Creditors: amounts falling due within one year 5 ( 3,274,691) ( 3,261,270)
Net current liabilities (3,170,040) (3,221,371)
Total assets less current liabilities 229,484 178,153
Net assets 229,484 178,153
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 229,483 178,152
Total shareholder's funds 229,484 178,153

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Aliaandco Limited (registered number: 09619952) were approved and authorised for issue by the Director. They were signed on its behalf by:

A Shakirzyanova
Director

28 March 2025

ALIAANDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ALIAANDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Aliaandco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover represents amounts receivable from property letting and is recognised over the rental period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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 method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
30.06.2024
Period from
27.06.2022 to
30.06.2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 3,399,524
As at 30 June 2024 3,399,524

Valuation

The director has reviewed the fair value of the properties owned by the company and concluded that the market value of the properties is not significantly different to their costs.

4. Debtors

30.06.2024 30.06.2023
£ £
Other debtors 8,431 37,136

5. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Trade creditors 0 ( 1)
Taxation and social security 18,277 5,308
Other creditors 3,256,414 3,255,963
3,274,691 3,261,270

6. Called-up share capital

30.06.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Transactions with the entity's director

Advances

Included in other creditors is a balance owed to the director of £3,249,448 (2023: £3,248,448) at the balance sheet date. This loan is provided unsecured, interest free and repayable on demand.

Other related party transactions

30.06.2024 30.06.2023
£ £
Amounts due from entities with common control 493 493

8. Ultimate controlling party

The company is controlled by the director.