Company registration number 11167347 (England and Wales)
ALJO PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
ALJO PROPERTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ALJO PROPERTY LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
1,203,170
1,178,914
Current assets
Debtors
5
690
105
Cash at bank and in hand
35,876
12,168
36,566
12,273
Creditors: amounts falling due within one year
6
(650,877)
(666,298)
Net current liabilities
(614,311)
(654,025)
Total assets less current liabilities
588,859
524,889
Provisions for liabilities
(101,948)
(95,884)
Net assets
486,911
429,005
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
486,811
428,905
Total equity
486,911
429,005

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 5 June 2025
Dr Anna Algera
Director
Company registration number 11167347 (England and Wales)
ALJO PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

ALJO Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is RMT Accountants & Business Advisors Ltd, Gosforth Park Avenue, Newcastle Upon Tyne, United Kingdom, NE12 8EG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration receivable for rental properties leased in the normal course of business.

 

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

ALJO PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Total
1
1
ALJO PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
9,352
7,855
Adjustments in respect of prior periods
(19)
-
0
Double tax relief
(7,007)
(4,732)
Total UK current tax
2,326
3,123
Foreign current tax on profits for the current period
7,007
4,732
Adjustments in foreign tax in respect of prior periods
132
-
0
Total current tax
9,465
7,855
Deferred tax
Origination and reversal of timing differences
6,064
(6,134)
Total tax charge
15,529
1,721
4
Investment property
2025
£
Fair value
At 1 February 2024
1,178,913
Revaluations
24,257
At 31 January 2025
1,203,170

The directors believe that the carrying amounts of the investment property approximate to its fair value. Valuations have been provided by the Dutch authorities for the Dutch properties at the year end.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1
-
0
Other debtors
100
-
0
Prepayments
589
105
690
105
ALJO PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
2,334
3,081
Other taxation and social security
1,663
(489)
Deferred income
1,499
3,426
Other creditors
642,231
657,031
Accruals and deferred income
3,150
3,249
650,877
666,298
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and unpaid
52 Ordinary shares of £1 each
52
52
48 A shares of £1 each
48
48
100
100
8
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Director
642,231
657,031

There are no set terms as to repayment of this balance and no interest accruing thereon.

2025-01-312024-02-01falsefalsefalse05 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityDr A Algera111673472024-02-012025-01-31111673472025-01-31111673472024-01-3111167347core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3111167347core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3111167347core:CurrentFinancialInstruments2025-01-3111167347core:CurrentFinancialInstruments2024-01-3111167347core:ShareCapital2025-01-3111167347core:ShareCapital2024-01-3111167347core:RetainedEarningsAccumulatedLosses2025-01-3111167347core:RetainedEarningsAccumulatedLosses2024-01-3111167347core:ShareCapitalOrdinaryShareClass12025-01-3111167347core:ShareCapitalOrdinaryShareClass12024-01-3111167347core:ShareCapitalOrdinaryShareClass22025-01-3111167347core:ShareCapitalOrdinaryShareClass22024-01-3111167347core:ShareCapitalOrdinaryShares2025-01-3111167347core:ShareCapitalOrdinaryShares2024-01-3111167347bus:Director12024-02-012025-01-31111673472023-02-012024-01-3111167347core:UKTax2024-02-012025-01-3111167347core:UKTax2023-02-012024-01-3111167347core:ForeignTax2024-02-012025-01-3111167347core:ForeignTax2023-02-012024-01-31111673472024-01-3111167347bus:OrdinaryShareClass12025-01-3111167347bus:OrdinaryShareClass22025-01-3111167347bus:OrdinaryShareClass12024-02-012025-01-3111167347bus:OrdinaryShareClass22024-02-012025-01-3111167347bus:PrivateLimitedCompanyLtd2024-02-012025-01-3111167347bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-3111167347bus:FRS1022024-02-012025-01-3111167347bus:AuditExemptWithAccountantsReport2024-02-012025-01-3111167347bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP