Alvarod Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: NI002099

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,066		37,806
Investment Properties	5		1,162,000		1,417,000
Investments	6		8,571		8,571

			1,201,637		1,463,377
CURRENT ASSETS
Stocks	7	93,965		67,641
Debtors	8	244,886		261,547
Cash at bank and in hand		324,975		82,560

		663,826		411,748
Creditors: Amounts Falling Due Within One Year	9	(334,676 )		(298,358 )

NET CURRENT ASSETS (LIABILITIES)			329,150		113,390

TOTAL ASSETS LESS CURRENT LIABILITIES			1,530,787		1,576,767

Creditors: Amounts Falling Due After More Than One Year	10		(36,488 )		(98,988 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,452 )		(9,452 )

NET ASSETS			1,484,847		1,468,327

CAPITAL AND RESERVES
Called up share capital	11		10,500		10,500
Revaluation reserve	12		446,145		504,873
Capital redemption reserve			10,500		10,500
Profit and Loss Account			1,017,702		942,454

SHAREHOLDERS' FUNDS			1,484,847		1,468,327

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Alvarod Limited

Balance Sheet (continued)

As At 30 June 2025

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 Alan Rodden

Director

15 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Alvarod Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI002099 . The registered office is 91 Glenhead Road, Limavady, BT49 9LZ.

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:

Plant & Machinery	18% reducing balance
Motor Vehicles	18% reducing balance
Fixtures & Fittings	15% 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. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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.

...CONTINUED

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Alvarod Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.6. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2024: 31)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 July 2024	43,403	16,000	8,257	67,660

As at 30 June 2025	43,403	16,000	8,257	67,660

Depreciation
As at 1 July 2024	17,265	6,532	6,057	29,854
Provided during the period	4,705	1,705	330	6,740

As at 30 June 2025	21,970	8,237	6,387	36,594

Net Book Value
As at 30 June 2025	21,433	7,763	1,870	31,066

As at 1 July 2024	26,138	9,468	2,200	37,806

5. Investment Property

	2025
	£
Fair Value
As at 1 July 2024	1,417,000
Disposals	(255,000 )

As at 30 June 2025	1,162,000

6. Investments

	Subsidiaries	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 July 2024	2	8,569	8,571

As at 30 June 2025	2	8,569	8,571

Provision
As at 1 July 2024	-	-	-

As at 30 June 2025	-	-	-

...CONTINUED

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Alvarod Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025	2	8,569	8,571

As at 1 July 2024	2	8,569	8,571

7. Stocks

	2025	2024
	£	£
Stock	93,965	67,641

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	22,668	20,108
Other debtors	222,218	241,439

	244,886	261,547

Included within other debtors are amounts owed by the directors in the sum of £57,284. The balance will be cleared within 9 months of the balance sheet date.

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	146,526	174,939
Bank loans and overdrafts	1,671	2,306
Other creditors	90,690	88,189
Taxation and social security	95,789	32,924

	334,676	298,358

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	36,488	98,988

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,500	10,500

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Alvarod Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

12. Reserves

	Revaluation reserve	Capital Redemption	Profit and Loss Account
	£	£	£
As at 1 July 2024	504,873	10,500	942,454
Profit for the year and total comprehensive income	-	-	135,248

Dividends paid	-	-	(60,000)
Transfer to/from Profit & Loss Account	(58,728 )	-	-

As at 30 June 2025	446,145	10,500	1,017,702

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