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REGISTERED NUMBER: 08826337 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Alinco Properties Ltd

Alinco Properties Ltd (Registered number: 08826337)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alinco Properties Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: A G Gordon





SECRETARY: A G Gordon





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 08826337 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Alinco Properties Ltd (Registered number: 08826337)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 725,000 725,000

CURRENT ASSETS
Debtors 5 4,733 1,966
Cash at bank 14,941 14,697
19,674 16,663
CREDITORS
Amounts falling due within one year 6 380,220 553,260
NET CURRENT LIABILITIES (360,546 ) (536,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,454

188,403

CREDITORS
Amounts falling due after more than
one year

7

(165,000

)

-

PROVISIONS FOR LIABILITIES 8 (21,000 ) (21,000 )
NET ASSETS 178,454 167,403

CAPITAL AND RESERVES
Called up share capital 5 5
Revaluation reserve 9 100,854 100,854
Retained earnings 77,595 66,544
SHAREHOLDERS' FUNDS 178,454 167,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Alinco Properties Ltd (Registered number: 08826337)

Balance Sheet - continued
31 March 2025


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 28 April 2025 and were signed by:





A G Gordon - Director


Alinco Properties Ltd (Registered number: 08826337)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Alinco Properties Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue represents rent and service charges receivable excluding Value Added Tax having regard to the fulfilment of contractual obligations.

Fixed assets and depreciation
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% straight line.

Taxation
taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Alinco Properties Ltd (Registered number: 08826337)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the Director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The Director considers that this policy results in the accounts giving a true and fair view.

Leases
Rental costs under operating leases are charged to Profit and Loss Account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Leasehold
property
£   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 725,000
NET BOOK VALUE
At 31 March 2025 725,000
At 31 March 2024 725,000

The land and buildings were revalued as at 31st March 2025 by the Director on an Open Market basis. The historical cost of the land and buildings was £603,146 (2024 : £603,146).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Prepayments and accrued income 4,733 1,966

Alinco Properties Ltd (Registered number: 08826337)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loan - current portion - 165,000
Owed to Director 49,789 159,788
Loan from Alinco Services Ltd 324,360 224,360
Accruals & deferred income 3,479 1,845
Tax 2,592 2,267
380,220 553,260

The bank loan £165,000 is interest only and payable on or before November 2026. It is secured by a first priority charge on one of the company's investment properties

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-5 years 165,000 -

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 21,000 21,000

Deferred
tax
£   
Balance at 1 April 2024 21,000
Balance at 31 March 2025 21,000

Deferred Tax is potential Capital Gains Tax on sale of properties. Deferred tax is applied at 25% (2024 : 25%)

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 100,854

Alinco Properties Ltd (Registered number: 08826337)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RELATED PARTY TRANSACTIONS

Alinco Properties Ltd shares its director with Alinco Services Ltd.

Loan positions were as follows:
31.3.25 31.3.24
£    £   
Owed to Alinco Services Ltd 324,360 224,360
Owed to Director A Gordon 49,789 159,788

The above loans are interest-free and repayable on demand.