Allamhouse Limited

Registered number

07042898

Allamhouse Limited

Group

Report and Financial Statements

31 December 2024

Allamhouse Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Statement of directors' responsibilities	3
Strategic report	4
Independent auditors' report	5
Group income statement	8
Group statement of financial position	9
Company statement of financial position	10
Statement of changes in equity	11
Group statement of cash flows	12
Notes to the financial statements	13-20

Allamhouse Limited

Company Information

Directors

E Allam

Secretary

E Allam

Auditors

Jacksons

First Floor

Albion House

Albion Street

Hull

HU1 3TE

Bankers

Lloyds Bank PLC

Marina Court

Castle Street

Hull

HU1 1TJ

Registered office

Wyke Way

Melton Business Park

Melton

Hull

HU14 3BQ

Registered number

07042898

Allamhouse Limited
Registered number:		07042898
Directors' Report

The directors present their report and financial statements for the year ended 31 December 2024.

Principal activities
The company's principal activity during the year continued to be that of a management holding company.

Directors
The following persons served as directors during the year:

	E Allam

Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Engagement with suppliers, customers and others

The directors seek to foster good relationships with the company's suppliers and customers.

Streamlined energy and carbon reporting

The company has analysed its consumption of UK gas and energy in line with Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018. The total consumption for the year ended 31 December 2024 is 532,782 Kwh. This consumption is solely Electricity. This equates to total UK emissions of 117.30 tCO2e and represents an intensity ratio of 0.4 (tCO2e per £m of turnover).

The company proactively monitors its energy consumption and routinely looks for ways to improve its energy efficiency.

Employment of disabled persons and employee involvement
The company has a policy of giving full and fair consideration of applications for employment made by disabled persons and will, where possible, arrange appropriate training for employees who are disabled at work to allow their employment to continue. The company also has a policy of engaging and consulting with employees to make them aware of matters of concern to them as employees.

This report was approved by the board on 16 September 2025 and signed on its behalf.




E Allam
Director

Allamhouse Limited
Statement of Directors' Responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Allamhouse Limited
Strategic Report

Review of the business

The group made a profit for the year after tax of £1,223,753 (2023: £3,870,410).

Allamhouse Limited made income on investments of £2,243,813. This was solely as a result of contingent events following the sale of the group undertaking in previous years.

The director, in accordance with s. 172, seeks to promote the long term success of the company and consider the interests of all stakeholders, by regular meetings with management coupled with substantial skills and experience.

Engineering

Turnover remained at similar levels to the previous year and the business also achieved a similar gross profit margin.

Administrative costs remained stable and are comparable to the previous year.

The directors, in accordance with s. 172, seeks to promote the long term success of the company and consider the interests of all stakeholders, by regular meetings with management coupled with substantial skills and experience.

Property

On 29 October 2024, the group acquired 100% control of Allam Developments Limited, a property trading and development company. The Group company's share of post-acquisition profits was £36,143 for the year ended 31 December 2024.

Other investments

A further £3 million was invested into Zero Petroleum Limited, a company engaged in the manufacture of clean fuel, making a total investment of £5 million. An impairment of £2.5 million has been made against this investment in the year.

Future developments
The directors are confident about the future prospects for the group because the results for the engineering division remain strong and are expected to be profitable in future.

The group has substantial bank balances and a solid balance sheet which enables the company to take advantage of opportunities as they arise.

Principal risks and uncertainties
The company's main risks are in connection with economic activity in the generating sets market. Because the company exports over 90% of its products, it is exposed to fluctuations in the exchange rate between the pound and various currencies.

This report was approved by the board on 16 September 2025 and signed on its behalf.




E Allam
Director

Allamhouse Limited
Independent auditor's report
to the members of Allamhouse Limited

Opinion

We have audited the financial statements of Allamhouse Limited for the year ended 31 December 2024 which comprise the Group Income Statement, the Group and Company Statement of Financial Position, the Group and Company Statement of Changes in Equity, the Group Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".


This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.


In our opinion the financial statements:


●	give a true and fair view of the state of the group and the company's affairs as at 31 December 2024 and of the group's profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the report and financial statements, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit; or

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our planning process:

●	We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud.

●	We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102, Companies Act 2006 and the Health and Safety at Work Act.

●	We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.

●	Using our knowledge of the company, together with the discussions held with the company at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

●	Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.

●	Reviewed and checked the group consolidation schedules.

●	Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.

●	Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates, in particular in relation to investments and stocks.

●	Assessing the extent of compliance, or lack of, with the relevant laws and regulations.

●	Testing key revenue lines.

●	Performing a verification of key assets .

●	Obtaining third-party confirmation of material balances.

●	Documenting and verifying all significant related party balances and transactions.

●	Reviewing documentation such as the company board minutes, and correspondence with solicitors, to identify irregularities, including fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the directors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.




Mark Jackson BA FCA
(Senior Statutory Auditor)		First Floor
for and on behalf of		Albion House
Jacksons		Albion Street
Accountants and Statutory Auditors		Hull
16 September 2025		HU1 3TE

Allamhouse Limited
Group Income Statement
for the year ended 31 December 2024


	Notes		2024		2023
£				£

Turnover		3	43,927,081		45,052,497

Cost of sales			(38,954,768)		(40,521,643)

Gross profit/(loss)			4,972,313		4,530,854

Administrative expenses			(3,545,975)		(3,368,841)
Other operating income			21,643		21,922

Operating profit/(loss)		4	1,447,981		1,183,935

Profit on sale of fixed assets			(933)		4,770
Impairment of investments			(2,500,000)		-
Income from investments			2,243,813		2,069,905
Interest receivable			602,416		474,193
Interest payable		7	(181)		-

Profit/(loss) on ordinary activities before taxation			1,793,096		3,732,803

Tax on profit/(loss) on ordinary activities		8	(569,343)		137,607

Profit/(loss) for the financial year			1,223,753		3,870,410

Allamhouse Limited
Group Statement of Financial Position			Registered number: 07042898
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	9		330,098			-
Tangible assets	10		9,505,849			8,979,332
Investments	11		2,500,000			2,000,000
			12,335,947			10,979,332

Current assets
Stocks	12	38,327,086			49,797,576
Debtors	13	9,422,124			9,826,951
Cash at bank and in hand		28,035,896			15,469,588
		75,785,106			75,094,115

Creditors: amounts falling due within one year	14	(8,976,706)			(8,214,357)

Net current liabilities			66,808,400			66,879,758

Total assets less current liabilities			79,144,347			77,859,090


Provisions for liabilities
Deferred taxation	15		(90,689)			(29,185)

Net Assets			79,053,658			77,829,905

Capital and reserves
Called up share capital	16		10,000,000			10,000,000
Profit and loss account	17		69,053,658			67,829,905

Total equity			79,053,658			77,829,905


Approved and authorised for issue by the board on 16 September 2025
and signed on their behalf by:




E Allam
Director

Allamhouse Limited
Company Statement of Financial Position			Registered number: 07042898
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	10		129,896			151,146
Investments	11		15,062,750			12,000,000
			15,192,646			12,151,146

Current assets
Debtors	13	17,408,366			2,111,734
Cash at bank and in hand		3,856,274			659,623
		21,264,640			2,771,357

Creditors: amounts falling due within one year	14	(25,428)			(1,023,244)

Net current assets			21,239,212			1,748,113

Net assets			36,431,858			13,899,259

Capital and reserves
Called up share capital	16		10,000,000			10,000,000
Profit and loss account	17		26,431,858			3,899,259

Total equity			36,431,858			13,899,259


Approved and authorised for issue by the board on 5 June 2025 and signed on their behalf by:





E Allam
Director

Allamhouse Limited
Statement of Changes in Equity
for the year ended 31 December 2024

Share		Profit		Total
capital		and loss
account
£		£		£
Group
At 1 January 2023	10,000,000		63,959,495		73,959,495

Profit for the financial year	-		3,870,410		3,870,410


At 31 December 2023	10,000,000		67,829,905		77,829,905


At 1 January 2024	10,000,000		67,829,905		77,829,905

Profit for the financial year	-		1,223,753		1,223,753

At 31 December 2024	10,000,000		69,053,658		79,053,658



	Share Capital		Profit and loss account	Total
£		£		£
Company
At 1 January 2023	10,000,000		1,894,094		11,894,094

Profit for the financial year	-		2,005,165		2,005,165


At 31 December 2023	10,000,000		3,899,259		13,899,259


At 1 January 2024	10,000,000		3,899,259		13,899,259

Profit for the financial year	-		22,532,599		22,532,599

At 31 December 2024	10,000,000		26,431,858		36,431,858

Allamhouse Limited
Group Statement of Cash Flows
for the year ended 31 December 2024	2024		2023
£		£
Operating activities
Operating profit/(loss)	1,447,981		1,183,935

Adjustments for:
Depreciation	456,968		243,779
Decrease/(increase) in stocks	11,470,490		(27,954,335)
Decrease/(increase) in debtors	404,827		4,892,778
Increase/(decrease) in creditors	314,894		(10,274,753)
	14,095,160		(31,908,596)

Income from investments	2,243,813		2,069,905
Interest received	602,416		474,193
Interest paid	(181)		-
Corporation tax paid	(60,384)		127,257

Cash generated by/(used in) operating activities	16,880,824		(29,237,241)

Investing activities
Payments to acquire intangible assets	(330,098)		-
Payments to acquire tangible fixed assets	(1,102,430)		(250,611)
Payments to acquire investments	(3,000,000)		(2,000,000)
Proceeds from sale of tangible fixed assets	118,012		44,550

Cash used in/generated by financing activities	(4,314,516)		(2,206,061)

Net cash generated/(used)
Cash generated by/(used in) operating activities	16,880,824		(29,237,241)
Cash (used in)/generated by investing activities	(4,314,516)		(2,206,061)

Net cash generated/(used)	12,566,308		(31,443,302)

Cash and cash equivalents at 1 January	15,469,588		46,912,890
Cash and cash equivalents at 31 December	28,035,896		15,469,588

Cash and cash equivalents comprise:
Cash at bank	28,035,896		15,469,588

Allamhouse Limited
Notes to the Accounts
for the year ended 31 December 2024

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Basis of consolidation
	The group financial statements consolidate the financial statements of Allamhouse Limited and it's subsidiary undertakings. The acquisition method of accounting has been adopted and goodwill arising on consolidation is subject to an annual impairment review.

	Advantage has been taken of the exemption not to present the parent company's profit and loss account. The parent company made a profit for the year, after tax, of £22,532,599 (2023 - Profit £2,005,165).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Engineering turnover represents the value, net of value added tax, of goods supplied to customers.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			2% straight line
	Plant and machinery			10% straight line

	Motor vehicles			10-25% straight line

	Investments
	Investments in unquoted equity and loan instruments are measured at cost less any impairment.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial Instruments
	Basic financial instruments are recognised at amortised cost using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Critical accounting estimates and judgements

	In order to apply the company's accounting policies, as described in note 1 above, the directors are required to make judgements and estimates in respect of the carrying value of assets and liabilities which may not be apparent from other sources of information. The directors base these critical accounting judgements and estimations on previous historical experience and other factors which the directors judge to be relevant. Judgements and estimates will invariably differ from actual results and hence such judgements and estimates are reviewed by the directors on an ongoing basis.

	The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements:

	Valuation of investments
	Investments in unquoted equity and loan instruments are measured at cost less any impairment. The directors constantly review values to assess if any impairment has occurred. Cost is compared to realisable value and impairment made when realisable value is deemed to be less than cost. When considering realisable value the directors take into account potential sales value of the investments together with financial performance and net asset value.

	Stocks
	Stocks are valued at the lower of cost and net realisable value. Where items are in stock for a long period the directors will estimate their realisable value, and make provision, where necessary. The directors constantly review and consider the stock levels and monitor the sale of items held for long periods. In assessing any provision the directors take into account their past experience of the sale of items and whether the item model has been changed by the supplier.


3	Analysis of turnover					2024		2023
£							£

	Engineering					43,927,081		45,052,497

	By geographical market:

	UK					4,950,941		4,471,365
	Europe					9,897,901		2,288,372
	Rest of world					29,078,239		38,292,760
						43,927,081		45,052,497


4	Operating profit					2024		2023
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					257,490		234,925
	Exchange (profit)/losses arising in the year					(3,359)		770,599
	Auditors' remuneration for audit services - group					24,500		19,500
	Auditors' remuneration for audit services - company					5,000		5,000
	Auditors remuneration for other services - group					-		2,400
	Key management personnel compensation (including directors' emoluments)					123,200		120,000
	Carrying amount of stock sold					38,954,768		40,521,643


5	Directors' emoluments					2024		2023
£							£

	Emoluments					123,200		120,000


6	Staff costs					2024		2023
£							£

	Wages and salaries					1,396,575		1,195,043
	Social security costs					153,528		115,273
	Other pension costs					27,013		17,482
						1,577,116		1,327,798


	Average number of employees during the year					Number	Number

	Operations					24		20
	Manufacturing					18		18
						42		38


7	Interest payable					2024		2023
£							£

	Other loans					181		-


8	Taxation					2024		2023
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					508,131		454,560
	Adjustments in respect of previous periods					-		(581,412)
						508,131		(126,852)

	Deferred tax:
	Origination and reversal of timing differences					61,212		(10,755)


	Tax on profit on ordinary activities					569,343		(137,607)


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2024		2023
£							£
	Profit on ordinary activities before taxation					1,793,096		3,732,803

	Standard rate of corporation tax in the UK					25.00%		24.31%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					448,274		907,444

	Effects of:
	Expenses not deductible for tax purposes					629,135		49,099
	Capital allowances for period in excess of depreciation					(90,751)		(187)
	Items not taxable					(527,516)		(517,476)
	Losses carried forward					48,989		15,680
	Current tax charge for period					508,131		454,560


9	Intangible fixed assets


	Group			Goodwill arising on consolidation	Goodwill			Goodwill	Total
£					£		£		£
	Cost
	Additions			-		-		330,098	330,098
	At 31 December 2024			-		-		330,098	330,098


	Carrying amount
	At 31 December 2024			-		-		330,098	330,098

10	Tangible fixed assets

	Group	Freehold land and buildings		Plant and machinery		Motor Vehicles		Total
£			£		£		£
	Cost or valuation
	At 1 January 2024	11,115,893		1,200,206		160,000		12,476,099
	Additions	629,817		472,613		-		1,102,430
	Disposals	(118,931)		(27,203)		-		(146,134)
	At 31 December 2024	11,626,779		1,645,616		160,000		13,432,395

	Depreciation
	At 1 January 2024	2,542,098		945,815		8,854		3,496,767
	Charge for the year	305,658		130,060		21,250		456,968
	Disposals	-		(27,189)		-		(27,189)
	At 31 December 2024	2,847,756		1,048,686		30,104		3,926,546

	Carrying amount
	At 31 December 2024	8,779,023		596,930		129,896		9,505,849
	At 31 December 2023	8,573,795		254,391		151,146		8,979,332

	Company	Freehold land and buildings		Plant and machinery		Motor Vehicles		Total
		At cost		At cost		At cost
£			£		£		£
	Cost or valuation
	At 1 January 2024	-		-		160,000		160,000
	At 31 December 2024	-		-		160,000		160,000

	Depreciation
	At 1 January 2024	-		-		8,854		8,854
	Charge for the year	-		-		21,250		21,250
	At 31 December 2024	-		-		30,104		30,104

	Carrying amount
	At 31 December 2024	-		-		129,896		129,896
	At 31 December 2023	-		-		151,146		151,146


11	Investments			Investments in subsidiary undertakings		Unlisted investments	Total
	Company			£	£		£
	Investments in subsidiary undertakings
	At 1 January 2024			10,000,000		2,000,000		12,000,000
	Additions			2,562,750		3,000,000		5,562,750
	Disposals			-		(2,500,000)		(2,500,000)
	At 31 December 2024			12,562,750		2,500,000		15,062,750


	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company					reserves	for the year
		Activity		Year end	£		£
	Allam Power Limited	Engineering		31-Dec-24		53,661,913		1,865,245
	Allam Developments Limited	Property		31-Dec-24		2,268,795		169,891
	Tempest Diesels Limited	Dormant		31-Dec-24		100		-

	All the subsidiaries have registered offices located within the United Kingdom.

	All of the investments are in ordinary shares.

	Investments					Unlisted investments	Total
	Group					£	£
	Investments in subsidiary undertakings
	At 1 January 2024					2,000,000		2,000,000
	Additions					3,000,000		3,000,000
	Disposals					(2,500,000)		(2,500,000)
	At 31 December 2024					2,500,000		2,500,000

	Allam Developments Limited was acquired in the year:

	Assets acquired:
£

	Fixed assets					496,506
	Stocks					1,968,893
	Debtors					35,269
	Bank					25,639
	Creditors					(221,530)

						2,304,777

	Goodwill					262,373

						2,567,150


12	Stocks					2024		2023
	Group					£	£

	Raw materials and consumables					38,327,086		49,797,576

	The difference between the purchase price or production cost of stocks and their replacement value is not material.

13	Debtors					Group			Company
						2024		2023	2024		2023
£							£		£	£

	Trade debtors					6,331,872		6,903,406	-		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-	15,151,233		-
	Other debtors					2,883,563		2,664,369	2,257,133		2,111,734
	Prepayments and accrued income					206,689		259,176	-		-
						9,422,124		9,826,951	17,408,366		2,111,734


14	Creditors: amounts falling due within one year					Group			Company
						2024		2023	2024		2023
£							£		£	£

	Trade creditors					8,309,579		8,090,118	1,200		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-	-		1,000,000
	Corporation tax					462,015		14,560	-		-
	Other taxes and social security costs					140,338		69,725	19,228		18,244
	Other creditors					-		-	-		-
	Accruals and deferred income					64,774		39,954	5,000		5,000
	Proposed dividend					-		-	-		-
						8,976,706		8,214,357	25,428		1,023,244


15	Deferred taxation					2024		2023
	Group					£	£

	Accelerated capital allowances					90,689		29,185


						2024		2023
£							£

	At 1 January					29,185		39,940
	Credited to the profit and loss account					61,504		(10,755)
	At 31 December					90,689		29,185



16	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		10,000,000		10,000,000		10,000,000


17	Profit and loss account	Group				Company
		2024		2023		2024		2023
		£		£	£		£

	At 1 January	67,829,905		63,959,495		3,899,259		1,894,094
	(Loss)/Profit for the financial year	1,223,753		3,870,410		22,532,599		2,005,165

	At 31 December	69,053,658		67,829,905		26,431,858		3,899,259

18	Controlling party

	The company is controlled by the Allam family.

19	Presentation currency

	The financial statements are presented in Sterling, its functional currency.

20	Legal form of entity and country of incorporation

	Allamhouse Limited is a private company limited by shares and incorporated in England.

21	Principal place of business

	The address of the company's principal place of business and registered office is:
	Wyke Way
	Melton
	Hull
	HU14 3BQ