Alfco Investments Ltd 01758228 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is the letting of residential properties Digita Accounts Production Advanced 6.30.9574.0 true true true 01758228 2024-02-01 2025-01-31 01758228 2025-01-31 01758228 bus:CompanySecretaryDirector1 1 2025-01-31 01758228 core:RetainedEarningsAccumulatedLosses 2025-01-31 01758228 core:ShareCapital 2025-01-31 01758228 core:CurrentFinancialInstruments 2025-01-31 01758228 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 01758228 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 01758228 core:FurnitureFittingsToolsEquipment 2025-01-31 01758228 bus:SmallEntities 2024-02-01 2025-01-31 01758228 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 01758228 bus:FilletedAccounts 2024-02-01 2025-01-31 01758228 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 01758228 bus:RegisteredOffice 2024-02-01 2025-01-31 01758228 bus:CompanySecretaryDirector1 2024-02-01 2025-01-31 01758228 bus:CompanySecretaryDirector1 1 2024-02-01 2025-01-31 01758228 bus:Director2 2024-02-01 2025-01-31 01758228 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01758228 core:FurnitureFittings 2024-02-01 2025-01-31 01758228 1 2024-02-01 2025-01-31 01758228 countries:UnitedKingdom 2024-02-01 2025-01-31 01758228 2024-01-31 01758228 bus:CompanySecretaryDirector1 1 2024-01-31 01758228 core:FurnitureFittingsToolsEquipment 2024-01-31 01758228 2023-02-01 2024-01-31 01758228 2024-01-31 01758228 bus:CompanySecretaryDirector1 1 2024-01-31 01758228 core:RetainedEarningsAccumulatedLosses 2024-01-31 01758228 core:ShareCapital 2024-01-31 01758228 core:CurrentFinancialInstruments 2024-01-31 01758228 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 01758228 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 01758228 bus:CompanySecretaryDirector1 1 2023-02-01 2024-01-31 01758228 bus:CompanySecretaryDirector1 1 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01758228

Alfco Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Alfco Investments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Alfco Investments Ltd

Company Information

Directors

Adrian Lindsay-Fynn

Mrs Penelope J Lindsay-Fynn

Company secretary

Adrian Lindsay-Fynn

Registration number

01758228

Registered office

21 Market Place
Cirencester
Gloucestershire
GL7 2NX

Accountants

mca Shepherd Smail
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

 

Alfco Investments Ltd

(Registration number: 01758228)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

5

8,050,000

8,050,000

Investments

6

50,000

148,465

 

8,100,000

8,198,465

Current assets

 

Debtors

7

636,462

1,018,098

Cash at bank and in hand

 

147,796

1,497

 

784,258

1,019,595

Creditors: Amounts falling due within one year

8

(21,021)

(171,785)

Net current assets

 

763,237

847,810

Total assets less current liabilities

 

8,863,237

9,046,275

Creditors: Amounts falling due after more than one year

8

(2,003,135)

(2,003,135)

Provisions for liabilities

(1,010,138)

(1,010,138)

Net assets

 

5,849,964

6,033,002

Capital and reserves

 

Called up share capital

101

101

Retained earnings

5,849,863

6,032,901

Shareholders' funds

 

5,849,964

6,033,002

 

Alfco Investments Ltd

(Registration number: 01758228)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

Adrian Lindsay-Fynn

Company secretary and director

 

Alfco Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Alfco Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Alfco Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Alfco Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

62,520

62,520

At 31 January 2025

62,520

62,520

Depreciation

At 1 February 2024

62,520

62,520

At 31 January 2025

62,520

62,520

Carrying amount

At 31 January 2025

-

-

5

Investment properties

2025
£

At 1 February

8,050,000

At 31 January

8,050,000

Investment properties are stated at Open Market Value at 31 January 2025 by the directors.

6

Investments

2025
£

2024
£

Investments held as fixed assets

50,000

148,465

 

Alfco Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Debtors

2025
£

2024
£

Prepayments

10,648

14,482

Other debtors

625,814

1,003,616

636,462

1,018,098

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

-

8,134

Taxation and social security

-

80,738

Accruals and deferred income

20,521

81,364

Other creditors

500

1,549

21,021

171,785

 

Alfco Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Related party transactions

Transactions with directors

2025

At 1 February 2024
£

Repayments by director
£

At 31 January 2025
£

Adrian Lindsay-Fynn

Loan

623,096

(407,847)

215,249

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Adrian Lindsay-Fynn

Loan

540,759

82,337

623,096

10

Parent and ultimate parent undertaking

The Company is controlled fully by Half Holdings Ltd.

 The company's immediate parent is Half Holdings Ltd, incorporated in England and Wales.

 

11

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

A Ordinary shares of £1 each

100

100

100

100

B Ordinary shares of £1 each

1

1

1

1

 

101

101

101

101