Alpha Property Asset Management Limited 04077458 false 2023-09-30 2024-09-29 2024-09-29 The principal activity of the company is property management Digita Accounts Production Advanced 6.30.9574.0 true 04077458 2023-09-30 2024-09-29 04077458 2024-09-29 04077458 bus:OrdinaryShareClass1 bus:OtherShareType 2024-09-29 04077458 core:CurrentFinancialInstruments 2024-09-29 04077458 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-29 04077458 core:Non-currentFinancialInstruments 2024-09-29 04077458 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-29 04077458 core:FurnitureFittingsToolsEquipment 2024-09-29 04077458 core:MotorVehicles 2024-09-29 04077458 bus:SmallEntities 2023-09-30 2024-09-29 04077458 bus:AuditExemptWithAccountantsReport 2023-09-30 2024-09-29 04077458 bus:FilletedAccounts 2023-09-30 2024-09-29 04077458 bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 04077458 bus:RegisteredOffice 2023-09-30 2024-09-29 04077458 bus:Director1 2023-09-30 2024-09-29 04077458 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-30 2024-09-29 04077458 bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 04077458 bus:Agent1 2023-09-30 2024-09-29 04077458 core:FurnitureFittings 2023-09-30 2024-09-29 04077458 core:MotorVehicles 2023-09-30 2024-09-29 04077458 core:OfficeEquipment 2023-09-30 2024-09-29 04077458 countries:AllCountries 2023-09-30 2024-09-29 04077458 2023-09-29 04077458 core:FurnitureFittingsToolsEquipment 2023-09-29 04077458 core:MotorVehicles 2023-09-29 04077458 2022-09-30 2023-09-29 04077458 2023-09-29 04077458 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-29 04077458 core:CurrentFinancialInstruments 2023-09-29 04077458 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-29 04077458 core:Non-currentFinancialInstruments 2023-09-29 04077458 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04077458

Alpha Property Asset Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 September 2024

 

Alpha Property Asset Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Alpha Property Asset Management Limited

Company Information

Director

Mr Richard William Frederick Hutt

Registered office

10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

Accountants

RS Partnership Ltd
Chartered Certified Accountants10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

Alpha Property Asset Management Limited

(Registration number: 04077458)
Balance Sheet as at 29 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

212,966

202,711

Creditors: Amounts falling due within one year

6

(347,465)

(271,922)

Total assets less current liabilities

 

(134,499)

(69,211)

Creditors: Amounts falling due after more than one year

6

(7,534)

(16,664)

Net liabilities

 

(142,033)

(85,875)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(143,033)

(86,875)

Shareholders' deficit

 

(142,033)

(85,875)

For the financial year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 June 2025
 

.........................................
Mr Richard William Frederick Hutt
Director

 

Alpha Property Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

The principal place of business is:
Third Floor
112 Clerkenwell Road
London
EC1M 5SA

These financial statements were authorised for issue by the director on 23 June 2025.

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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 presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

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.

 

Alpha Property Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Tax

The tax expense for the period comprises 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.

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

Office Equipment

25% Straight Line

Fixtures & fittings

25% Straight Line

Motor Vehicles

25% Straight Line

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

 

Alpha Property Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

Alpha Property Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 30 September 2023

5,909

21,827

27,736

At 29 September 2024

5,909

21,827

27,736

Depreciation

At 30 September 2023

5,909

21,827

27,736

At 29 September 2024

5,909

21,827

27,736

Carrying amount

At 29 September 2024

-

-

-

5

Debtors

2024
£

2023
£

Trade debtors

142,319

113,483

Prepayments

8,915

8,927

Other debtors

61,732

44,455

Directors Loan Account

-

35,846

212,966

202,711

 

Alpha Property Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

29,666

23,080

Trade creditors

 

20,178

16,099

Taxation and social security

 

224,620

204,036

Accruals and deferred income

 

12,463

11,203

Other creditors

 

10,367

13,664

Corporation tax

 

-

3,840

Directors Loan Account

 

50,171

-

 

347,465

271,922

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,534

16,664

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Bank overdrafts

19,666

13,080

29,666

23,080