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REGISTERED NUMBER: 02851859 (England and Wales)



















ALMAFORD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2024






ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ALMAFORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 SEPTEMBER 2024







DIRECTORS: Mr I Friedman
Mr J Schreiber





SECRETARY: Mr I Friedman





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 02851859 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)

BALANCE SHEET
28 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 5 1 1
Investment property 6 3,405,507 3,405,507
3,405,508 3,405,508

CURRENT ASSETS
Debtors 7 266,044 260,063
Cash at bank 68,014 40,718
334,058 300,781
CREDITORS
Amounts falling due within one year 8 21,622 8,848
NET CURRENT ASSETS 312,436 291,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,717,944

3,697,441

CREDITORS
Amounts falling due after more than one
year

9

(563,436

)

(569,154

)

PROVISIONS FOR LIABILITIES 11 (552,021 ) (548,970 )
NET ASSETS 2,602,487 2,579,317

CAPITAL AND RESERVES
Called up share capital 210 210
Fair value reserve 12 1,942,157 1,942,157
Retained earnings 660,120 636,950
2,602,487 2,579,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)

BALANCE SHEET - continued
28 SEPTEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





Mr I Friedman - Director


ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024

1. STATUTORY INFORMATION

Almaford Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. FIXED ASSET INVESTMENTS
Unlisted
inv-
Accesstrac
Ltd
£   
COST
At 29 September 2023
and 28 September 2024 1
NET BOOK VALUE
At 28 September 2024 1
At 28 September 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 September 2023
and 28 September 2024 3,405,507
NET BOOK VALUE
At 28 September 2024 3,405,507
At 28 September 2023 3,405,507

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 30 September 2024 is £911,329.

ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,544 35,563
Other debtors 224,500 224,500
266,044 260,063

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,586 7,452
Taxation and social security 3,353 -
Other creditors 11,683 1,396
21,622 8,848

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 563,436 569,154

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

537,092

539,346

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 570,022 576,606

The bank loans are secured by legal charges over the company's investment properties.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 552,021 548,970

ALMAFORD LIMITED (REGISTERED NUMBER: 02851859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 29 September 2023 548,970
Provided during year 3,051
Balance at 28 September 2024 552,021

Deferred tax arises from the revaluation of investment properties.

12. RESERVES
Fair
value
reserve
£   
At 29 September 2023
and 28 September 2024 1,942,157

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 September 2024 and 28 September 2023:

2024 2023
£    £   
Mr I Friedman
Balance outstanding at start of year (276 ) (276 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (276 ) (276 )

Mr J Schreiber
Balance outstanding at start of year (41 ) 12,959
Amounts repaid - (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41 ) (41 )

The above director's loan to Mr J Schreiber was repaid on 22 February 2023.