Registration number: 11739864

Alfa Jia Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Alfa Jia Ltd

Company Information

Directors

Ms H Li Ms W Fan

Registered office

20 Glenfinlas Way London SE5 0PW

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Alfa Jia Ltd

(Registration number: 11739864)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	4,709	5,763
Investment property	6	325,000	465,000
		329,709	470,763
Current assets
Stocks	7	334,862	-
Debtors	8	680	2,431
Cash at bank and in hand		4,134	3,027
		339,676	5,458
Creditors: Amounts falling due within one year	9	(169,702)	(117,335)
Net current assets/(liabilities)		169,974	(111,877)
Total assets less current liabilities		499,683	358,886
Creditors: Amounts falling due after more than one year	9	(490,064)	(364,045)
Provisions for liabilities		(15,656)	(13,550)
Net liabilities		(6,037)	(18,709)
Capital and reserves
Called up share capital	10	2	2
Retained earnings		(6,039)	(18,711)
Shareholders' deficit		(6,037)	(18,709)

Alfa Jia Ltd

(Registration number: 11739864)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

......................................... Ms H Li Director

......................................... Ms W Fan Director

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
20 Glenfinlas Way
London
SE5 0PW
United Kingdom

These financial statements were authorised for issue by the Board on 4 August 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).

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.

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.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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
Furniture	Straight line over 10 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

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.

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	1,054	1,054

5	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	10,541	10,541
At 31 December 2024	10,541	10,541
Depreciation
At 1 January 2024	4,778	4,778
Charge for the year	1,054	1,054
At 31 December 2024	5,832	5,832
Carrying amount
At 31 December 2024	4,709	4,709
At 31 December 2023	5,763	5,763

6	Investment properties

	2024 £
At 1 January	465,000
Disposals	(160,000)
Fair value adjustments	20,000
At 31 December	325,000

There has been no valuation of investment property by an independent valuer.

7

Stocks

	2024 £	2023 £
Work in progress	334,862	-

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Debtors

Current	2024 £	2023 £
Trade debtors	-	(74)
Prepayments	680	613
Other debtors	-	1,892
	680	2,431

9

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	11	10,310	10,056
Accruals and deferred income		4,959	5,949
Other creditors		154,433	101,330
		169,702	117,335

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	11	490,064	364,045

10	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Alfa Jia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	490,064	364,045

Current loans and borrowings

	2024 £	2023 £
Other borrowings	10,310	10,056

12	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Ms H Li
Director's loan account	(47,851)	133,013	(175,116)	(89,954)
Ms W Fan
Director's loan account	(53,479)	15,121	(26,120)	(64,478)

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Ms H Li
Director's loan account	(41,533)	550	(6,868)	(47,851)
Ms W Fan
Director's loan account	(45,611)	-	(7,868)	(53,479)