REGISTERED NUMBER: 08440343 (England and Wales)

ALM ESTATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Alexey Mikhaylov

REGISTERED OFFICE:

Station House

North Street

Havant

Hampshire

PO9 1QU

REGISTERED NUMBER:

08440343 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Tangible assets

4

922

1,844

Investments

5

-

50

Investment property

6

1,785,393

1,785,393

1,786,315

1,787,287

CURRENT ASSETS

Debtors

7

600

1,372

Cash at bank

2,801

17,092

3,401

18,464

CREDITORS

Amounts falling due within one year

8

1,579,106

1,598,871

NET CURRENT LIABILITIES

(1,575,705

)

(1,580,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

210,610

206,880

PROVISIONS FOR LIABILITIES

61,206

61,206

NET ASSETS

149,404

145,674

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

182,235

182,235

Retained earnings

(32,931

)

(36,661

)

SHAREHOLDERS' FUNDS

149,404

145,674

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 December 2025 and were signed by:

Mr Alexey Mikhaylov - Director

1.	STATUTORY INFORMATION

ALM Estate 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

Property income represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the period.

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

-

33% on cost

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Going concern

The company has the continued financial support of its director, who has agreed not to request repayment of their loans until the company has the funds available. On this basis the director of ALM Estate Limited considers it appropriate to prepare accounts on the going concern basis. These financial statements do not include any adjustments that would result in the company suffering further trading losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

38,845

Disposals

(4,350

)

At 31 March 2025

34,495

DEPRECIATION

At 1 April 2024

37,001

Charge for year

922

Eliminated on disposal

(4,350

)

At 31 March 2025

33,573

NET BOOK VALUE

At 31 March 2025

922

At 31 March 2024

1,844

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

50

Disposals

(50

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,785,393

NET BOOK VALUE

At 31 March 2025

1,785,393

At 31 March 2024

1,785,393

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

53,277

Valuation in 2022

108,702

Valuation in 2023

53,500

Valuation in 2024

27,500

Cost

1,542,414

1,785,393

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,542,414

1,542,414

Investment property was valued on an open market basis basis on 31 March 2025 by Mr A Mikhaylov .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,212

Amounts owed by group undertakings

-

160

Other debtors

600

-

600

1,372

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

52

Taxation and social security

-

3,800

Other creditors

1,579,106

1,595,019

1,579,106

1,598,871

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,000

3,000