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REGISTERED NUMBER: 11664564 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ALAS PROPERTIES LIMITED

ALAS PROPERTIES LIMITED (REGISTERED NUMBER: 11664564)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALAS PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: A Barratt
Mrs L Barratt





REGISTERED OFFICE: The Old Workshop, 1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 11664564 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

ALAS PROPERTIES LIMITED (REGISTERED NUMBER: 11664564)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,958 44,597
Investments 5 163 163
Investment property 6 530,002 530,002
569,123 574,762

CURRENT ASSETS
Debtors 7 20,000 22,194
Cash at bank 43,063 3,565
63,063 25,759
CREDITORS
Amounts falling due within one
year

8

183,187

163,812
NET CURRENT LIABILITIES (120,124 ) (138,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

448,999

436,709

CREDITORS
Amounts falling due after more
than one year

9

(6,881

)

(7,692

)

PROVISIONS FOR LIABILITIES (19,740 ) (8,474 )
NET ASSETS 422,378 420,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 422,278 420,443
422,378 420,543

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

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

ALAS PROPERTIES LIMITED (REGISTERED NUMBER: 11664564)

BALANCE SHEET - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:





A Barratt - Director


ALAS PROPERTIES LIMITED (REGISTERED NUMBER: 11664564)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Alas Properties 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to Property - 15% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 15% on reducing balance.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

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

ALAS PROPERTIES LIMITED (REGISTERED NUMBER: 11664564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 86,149
Additions 2,814
At 30 November 2024 88,963
DEPRECIATION
At 1 December 2023 41,552
Charge for year 8,453
At 30 November 2024 50,005
NET BOOK VALUE
At 30 November 2024 38,958
At 30 November 2023 44,597

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023
and 30 November 2024 163
NET BOOK VALUE
At 30 November 2024 163
At 30 November 2023 163

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 530,002
NET BOOK VALUE
At 30 November 2024 530,002
At 30 November 2023 530,002

ALAS PROPERTIES LIMITED (REGISTERED NUMBER: 11664564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2019 310,000
Valuation in 2019 116,000
Valuation in 2020 (83,819 )
Valuation in 2021 57,819
Valuation in 2023 130,002
530,002

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

30.11.24 30.11.23
£    £   
Cost 490,002 490,002

The investment properties were valued on an open market basis on 30 November 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors - 2,194
Other debtors 20,000 20,000
20,000 22,194

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 2,040 5,052
Trade creditors 2,520 2,160
Taxation and social security 102,227 75,309
Other creditors 76,400 81,291
183,187 163,812

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 6,881 7,692

10. RELATED PARTY DISCLOSURES

As at 30 November 2024, an amount of £74,201.73, (2023: £79,322.73) was owed to Alas Services Limited, a subsidiary company.