| Alemar Investments Limited |
| Registered number: |
12569292 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,999,349 |
|
|
1,999,349 |
|
| Current assets |
| Debtors |
4 |
|
100 |
|
|
100 |
| Cash at bank and in hand |
|
|
59,300 |
|
|
115,752 |
|
|
|
59,400 |
|
|
115,852 |
|
| Creditors: amounts falling due within one year |
5 |
|
(925,596) |
|
|
(955,477) |
|
| Net current liabilities |
|
|
|
(866,196) |
|
|
(839,625) |
|
| Total assets less current liabilities |
|
|
|
1,133,153 |
|
|
1,159,724 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,047,148) |
|
|
(1,047,352) |
|
| Provisions for liabilities |
|
|
|
(35,150) |
|
|
(35,150) |
|
|
| Net assets |
|
|
|
50,855 |
|
|
77,222 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
8 |
|
|
149,850 |
|
|
149,850 |
| Profit and loss account |
|
|
|
(99,095) |
|
|
(72,728) |
|
| Shareholders' funds |
|
|
|
50,855 |
|
|
77,222 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| …................................... |
| G Galanopoulos |
| Director |
| Approved by the board on 9 December 2025 |
|
| Alemar Investments Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income receivable during the the year. Rental income is recognised on an accrual basis. |
|
|
Investments |
|
Investment property, which is property held to earn rentals and/ or capital appreciation, is measured using the fair value model and stated at its fair value as at the reporting date. The surplus or deficit on revaluation is recognised in the profit and loss account. The fair value movements and associated deferred tax are then transferred out of the profit and loss reserve into the investment property revaluation reserve. |
|
|
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. |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Fair Value |
|
At 1 May 2024 |
1,999,349 |
|
|
At 30 April 2025 |
1,999,349 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 May 2024 |
1,814,349 |
|
At 30 April 2025 |
1,814,349 |
|
|
|
|
|
|
|
|
|
|
The valuation was made by the director on an open market value basis by reference to market evidence of transaction prices for similar properties. The director is of the opinion that there has been no significant change in market value from the previous financial year end and as such no adjustments have been made in the year ended 30/04/2025. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
- |
|
3,360 |
|
Other creditors |
925,596 |
|
952,117 |
|
|
|
|
|
|
925,596 |
|
955,477 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,047,148 |
|
1,047,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
1,047,148 |
|
1,047,352 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured against the value of the company's investment properties. |
|
|
| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 May 2024 |
149,850 |
|
149,850 |
|
|
At 30 April 2025 |
149,850 |
|
149,850 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Other creditors include an amount of £912,780 (2024: £939,780) which is owed to the shareholders. The amount loaned to the company by the shareholders is interest free and repayable on demand. |
|
|
| 10 |
Other information |
|
|
Alemar Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
71 Goldhawk Road |
|
Shepherds Bush |
|
London |
|
W12 8EG |