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Company No: 09089158 (England and Wales)

ALVI & CO LTD

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

ALVI & CO LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

ALVI & CO LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
ALVI & CO LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS M W Alvi
Mrs S Kousar
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 09089158 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
ALVI & CO LTD

BALANCE SHEET

As at 30 September 2024
ALVI & CO LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 450 8,159
Investment property 4 340,000 291,956
340,450 300,115
Current assets
Cash at bank and in hand 585 3,278
585 3,278
Creditors: amounts falling due within one year 5 ( 92,685) ( 94,927)
Net current liabilities (92,100) (91,649)
Total assets less current liabilities 248,350 208,466
Creditors: amounts falling due after more than one year 6 ( 212,045) ( 212,045)
Provision for liabilities 7 ( 11,738) 0
Net assets/(liabilities) 24,567 ( 3,579)
Capital and reserves
Called-up share capital 100 100
Revaluation reserve 35,215 0
Profit and loss account ( 10,748 ) ( 3,679 )
Total shareholders' funds/(deficit) 24,567 ( 3,579)

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

Directors' responsibilities:

The financial statements of Alvi & Co Ltd (registered number: 09089158) were approved and authorised for issue by the Board of Directors on 13 May 2025. They were signed on its behalf by:

M W Alvi
Director
ALVI & CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
ALVI & CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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 year, unless otherwise stated.

General information and basis of accounting

Alvi & Co Ltd (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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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 represents the total rental income receivable during the year.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 25 % reducing balance
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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 October 2023 8,399 800 9,199
Transfers ( 8,399) 0 ( 8,399)
At 30 September 2024 0 800 800
Accumulated depreciation
At 01 October 2023 840 200 1,040
Charge for the financial year ( 840) 150 ( 690)
At 30 September 2024 0 350 350
Net book value
At 30 September 2024 0 450 450
At 30 September 2023 7,559 600 8,159

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 291,956
Additions 1,091
Fair value movement 46,953
As at 30 September 2024 340,000

Fair value at 30 September 2024 of £340,000 is represented by:

Original cost £291,956; increase in valuation in 2024 £48,044.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 291,956 291,956

The investment property was valued on a fair value basis on 30th September 2024 by director.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,904 0
Amounts owed to Group undertakings 2,852 1,539
Other creditors 87,929 93,388
92,685 94,927

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 212,045 212,045

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (repayable by instalments) 212,045 212,045

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 11,738) 0
At the end of financial year ( 11,738) 0

8. Operating profit

The operating profit is stated after charging:

2024 2023
£ £
Depreciation -owned assets 1,102 1,040

9. Secured debts

The following secured debts are included with creditors:

2024 2023
£ £
Bank Loans 212,045 212,045

Bank loan is secured on the investment property owned by the company.