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REGISTERED NUMBER: 11549946 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALPHA PROPERTIES (WARE) LTD

ALPHA PROPERTIES (WARE) LTD (REGISTERED NUMBER: 11549946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ALPHA PROPERTIES (WARE) LTD (REGISTERED NUMBER: 11549946)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 1,324,989 1,344,989
1,325,089 1,345,089

CURRENT ASSETS
Debtors 6 885,122 949,764
Cash at bank and in hand 595 3,304
885,717 953,068
CREDITORS
Amounts falling due within one year 7 1,765,300 1,817,158
NET CURRENT LIABILITIES (879,583 ) (864,090 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,506

480,999

CREDITORS
Amounts falling due after more than one
year

8

(804,203

)

(811,174

)

PROVISIONS FOR LIABILITIES 10 (15,838 ) (20,838 )
NET LIABILITIES (374,535 ) (351,013 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 47,512 62,512
Retained earnings (422,147 ) (413,625 )
(374,535 ) (351,013 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:



Mr S T Savage - Director


ALPHA PROPERTIES (WARE) LTD (REGISTERED NUMBER: 11549946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Alpha Properties (Ware) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11549946

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property, which is property held to earn rentals, 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 date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


ALPHA PROPERTIES (WARE) LTD (REGISTERED NUMBER: 11549946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,344,989
Revaluations (20,000 )
At 30 September 2024 1,324,989
NET BOOK VALUE
At 30 September 2024 1,324,989
At 30 September 2023 1,344,989

ALPHA PROPERTIES (WARE) LTD (REGISTERED NUMBER: 11549946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 69,474
Valuation in 2022 (69,474 )
Valuation in 2023 83,350
Valuation in 2024 (20,000 )
Cost 1,261,639
1,324,989

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,261,639 1,261,639

Investment properties were valued on an open market basis on 30 September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,509 390
Amounts owed by group undertakings 865,028 459,622
Other debtors 7,585 489,752
885,122 949,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 210,401 192,662
Trade creditors 14,901 80,196
Amounts owed to group undertakings 547,045 8,558
Other creditors 992,953 1,535,742
1,765,300 1,817,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 804,203 811,174

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 768,803 768,862

Repayable by instalments
Bank loans more 5 yr by instal 8,114 15,700

ALPHA PROPERTIES (WARE) LTD (REGISTERED NUMBER: 11549946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 972,382 953,599

Bank loans are secured by way of fixed and floating charge on the investment properties and other assets of the company and contain a negative pledge.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,838 20,838

Deferred
tax
£   
Balance at 1 October 2023 20,838
Provided during year (5,000 )
Balance at 30 September 2024 15,838

11. RESERVES
Fair
value
reserve
£   
At 1 October 2023 62,512
Movement in the year (15,000 )

At 30 September 2024 47,512

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors due within a year is an amount of £Nil (2023: £487,820) due from connected companies with common control. The loans were interest free and recoverable on demand.

Included in the other creditors due within a year is an amount of £260,679 (2023: £1,139,409) due to connected companies with common control. The loans were interest free and repayable on demand.