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Registered number: 09616639
64 Alma Road Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09616639
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,022,066 1,022,513
Investment Properties 5 16,091 -
1,038,157 1,022,513
CURRENT ASSETS
Debtors 6 24,376 49,954
Cash at bank and in hand 48,044 71,726
72,420 121,680
Creditors: Amounts Falling Due Within One Year 7 (388,044 ) (389,590 )
NET CURRENT ASSETS (LIABILITIES) (315,624 ) (267,910 )
TOTAL ASSETS LESS CURRENT LIABILITIES 722,533 754,603
Creditors: Amounts Falling Due After More Than One Year 8 (434,677 ) (457,792 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,098 ) (17,098 )
NET ASSETS 270,758 279,713
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 171,963 171,963
Profit and Loss Account 98,695 107,650
SHAREHOLDERS' FUNDS 270,758 279,713
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Vearncombe
Director
22/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
64 Alma Road Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09616639 . The registered office is Office 15, 2a Bramley House Bramley Road, Long Eaton, Nottingham, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Fair value less subsequent impairment
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 3 3
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 1,020,732 18,433 704 1,039,869
As at 30 June 2025 1,020,732 18,433 704 1,039,869
Depreciation
As at 1 July 2024 - 16,818 538 17,356
Provided during the period - 405 42 447
As at 30 June 2025 - 17,223 580 17,803
Net Book Value
As at 30 June 2025 1,020,732 1,210 124 1,022,066
As at 1 July 2024 1,020,732 1,615 166 1,022,513
5. Investment Property
2025
£
Fair Value
As at 1 July 2024 -
Additions 16,091
As at 30 June 2025 16,091
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,555 46,402
Prepayments and accrued income 3,821 3,552
Deferred capitalised cost 5,000 -
24,376 49,954
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,169 15,795
Corporation tax 48,702 41,392
VAT 9,350 19,504
Other creditors 227,940 227,940
Accruals and deferred income 1,611 -
Directors' loan accounts 85,272 84,959
388,044 389,590
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 434,677 457,792
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The below bank loans are secured on the investment properties. They are interest plus capital repayment with a term of 15 years.
2025 2024
£ £
Bank loans and overdrafts 434,677 457,792
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 July 2024 171,963
As at 30 June 2025 171,963
12. Controlling Party
There is no ultimate controlling party.
Page 5