Company Registration No. 11421078 (England and Wales)
ALAM & CO PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 June 2024
ALAM & CO PROPERTIES LIMITED
Unaudited accounts
Contents
ALAM & CO PROPERTIES LIMITED
Company Information
for the year ended 30 June 2024
Director
Mohammed Ishtiaq Alam
Company Number
11421078 (England and Wales)
Registered Office
5 GLOVER AVENUE
WOLLATON
NOTTINGHAM
NG8 2EL
UNITED KINGDOM
ALAM & CO PROPERTIES LIMITED
Statement of financial position
as at 30 June 2024
Investment property
350,000
290,000
Cash at bank and in hand
2,494
20,995
Creditors: amounts falling due within one year
(50,018)
(54,587)
Net current liabilities
(47,466)
(33,532)
Total assets less current liabilities
302,534
256,468
Creditors: amounts falling due after more than one year
(171,889)
(179,762)
Called up share capital
100
100
Revaluation reserve
142,969
82,969
Profit and loss account
(12,424)
(6,363)
Shareholders' funds
130,645
76,706
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2025 and were signed on its behalf by
Mohammed Ishtiaq Alam
Director
Company Registration No. 11421078
ALAM & CO PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
ALAM & CO PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11421078. The registered office is 5 GLOVER AVENUE, WOLLATON, NOTTINGHAM, NG8 2EL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 July 2023
290,000
Net gain from fair value adjustments
60,000
A fair value valuation was undertaken at 30 June 2024 of the investment property by the directors of the business. It was concluded the value of the asset increased was £350,000 at this date.
Amounts falling due within one year
Accrued income and prepayments
58
60
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,844
11,215
Loans from directors
34,924
43,122
ALAM & CO PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
171,889
179,762
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).