REGISTERED NUMBER: 01990074 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 January 2025

for

Alderley Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

JM Hazzan

KL Hazzan

Ms L Stevenson

REGISTERED OFFICE:

64-66 Market Street

Longton

Stoke on Trent

ST3 1BS

REGISTERED NUMBER:

01990074 (England and Wales)

ACCOUNTANTS:

Mosley & Co

14 Market Place

Ramsbottom

Bury

Lancashire

BL0 9HT

FIXED ASSETS

Intangible assets

4

109

109

Tangible assets

5

8,387

7,550

Investment property

6

6,979,500

7,192,000

6,987,996

7,199,659

CURRENT ASSETS

Stocks

7,000

6,750

Debtors

7

221,442

236,144

Cash at bank and in hand

140,886

116,675

369,328

359,569

CREDITORS

Amounts falling due within one year

8

1,174,498

1,354,798

NET CURRENT LIABILITIES

(805,170

)

(995,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,182,826

6,204,430

PROVISIONS FOR LIABILITIES

9

548,607

562,650

NET ASSETS

5,634,219

5,641,780

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Revaluation reserve

11

3,698,311

3,793,140

Retained earnings

11

1,835,908

1,748,640

SHAREHOLDERS' FUNDS

5,634,219

5,641,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 21 October 2025 and were signed on its behalf by:

JM Hazzan - Director

1.	STATUTORY INFORMATION

Alderley Property 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 represents rents invoiced less credits issued.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments.This is a departure from the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view .Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

109

NET BOOK VALUE

At 31 January 2025

109

At 31 January 2024

109

Intangible assets represents the purchase price of chief rents receivable.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

107,365

Additions

7,795

Disposals

(6,300

)

At 31 January 2025

108,860

DEPRECIATION

At 1 February 2024

99,815

Charge for year

2,796

Eliminated on disposal

(2,138

)

At 31 January 2025

100,473

NET BOOK VALUE

At 31 January 2025

8,387

At 31 January 2024

7,550

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

7,192,000

Disposals

(212,500

)

At 31 January 2025

6,979,500

NET BOOK VALUE

At 31 January 2025

6,979,500

At 31 January 2024

7,192,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2024

7,192,000

Valuation in 2025

(212,500

)

6,979,500

The investment properties were valued at 31st January 2015 by the directors on the basis of Open Market Value with the benefit of their existing tenancies.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

64,973

79,719

Amounts owed by participating interests

147,973

147,973

Other debtors

8,496

8,452

221,442

236,144

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

2

2

Taxation and social security

1,831

965

Other creditors

1,172,665

1,353,831

1,174,498

1,354,798

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

548,607

562,650

Deferred

tax

£

Balance at 1 February 2024

562,650

Provided during year

(14,043

)

Balance at 31 January 2025

548,607

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100,000

Ordinary

£1

100,000

100,000

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2024

1,748,640

3,793,140

5,541,780

Deficit for the year

(7,561

)

(7,561

)

Revaluation adj

94,829

(94,829

)

-

At 31 January 2025

1,835,908

3,698,311

5,534,219

12.	RELATED PARTY DISCLOSURES

The company rents its offices from Mr J and Mrs K Hazzan, the directors of the company. There is no formal written lease. The rent payable is £25,000 per annum from 1st February 2024 and is at a commercial rate.

Mr J. Hazzan controls a Guernsey based company Saints Farm (1999) Ltd. Alderley Property Ltd has made loans to this company totalling £147,973.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr J Hazzan, by virtue of his ownership of 100% of the issued share capital.