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REGISTERED NUMBER: 04080224 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

A L Properties Ltd

A L Properties Ltd (Registered number: 04080224)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

A L Properties Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | A Charalambous

| Mrs J M Charalambous

| REGISTERED OFFICE: | 85 Great Portland Street

| First Floor

| London

| London

| W1W 7LT

| REGISTERED NUMBER: | 04080224 (England and Wales)

A L Properties Ltd (Registered number: 04080224)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 518 |  | 476 |  |

Investment property | 5 | 6,020,000 |  | 6,430,000 |  |

6,020,518 |  | 6,430,476 |  |

CURRENT ASSETS

Debtors | 6 | 771,866 |  | 873,942 |  |

Cash at bank | 5,618 |  | 3,537 |  |

777,484 |  | 877,479 |  |

CREDITORS

Amounts falling due within one year | 7 | 37,146 |  | 127,823 |  |

NET CURRENT ASSETS | 740,338 |  | 749,656 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,760,856 |  | 7,180,132 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 4,038,106 |  | 4,313,398 |  |

NET ASSETS | 2,722,750 |  | 2,866,734 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Revaluation reserve | 11 | 1,545,243 |  | 2,104,937 |  |

Retained earnings | 1,177,505 |  | 761,795 |  |

SHAREHOLDERS' FUNDS | 2,722,750 |  | 2,866,734 |  |

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 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.

A L Properties Ltd (Registered number: 04080224)

Balance Sheet - continued

31 March 2025

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 20 January 2026 and were signed on its behalf by:

A Charalambous - Director

A L Properties Ltd (Registered number: 04080224)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| A L Properties Ltd 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 comprises rental income from furnished residential properties. All the company's properties are let out under operating leases and income is credited to the profit and loss account on a straight line basis over the period of the individual lease.

| 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 reducing balance and 25% 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.

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - NIL ) .

A L Properties Ltd (Registered number: 04080224)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 1,427 |  |

| Additions | 322 |  |

| At 31 March 2025 | 1,749 |  |

| DEPRECIATION

| At 1 April 2024 | 951 |  |

| Charge for year | 280 |  |

| At 31 March 2025 | 1,231 |  |

| NET BOOK VALUE

| At 31 March 2025 | 518 |  |

| At 31 March 2024 | 476 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 6,430,000 |  |

| Disposals | (395,000 | ) |

| Revaluations | (15,000 | ) |

| At 31 March 2025 | 6,020,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,020,000 |  |

| At 31 March 2024 | 6,430,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 1,545,243 |  |

| Cost | 4,474,757 |  |

6,020,000 |  |

| The company's investment properties were valued by the director at the period end.

| The properties are all let out under operating leases.

A L Properties Ltd (Registered number: 04080224)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 3,684 |  | 4,851 |  |

| Amounts owed by group undertakings | 348,002 |  | 320,232 |  |

| Other debtors | 420,180 |  | 548,859 |  |

771,866 |  | 873,942 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 6,811 |  | 5,882 |  |

| Trade creditors | 10,244 |  | 5,818 |  |

| Taxation and social security | 5,085 |  | 33,820 |  |

| Other creditors | 15,006 |  | 82,303 |  |

37,146 |  | 127,823 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 30,650 |  | 37,255 |  |

| Other creditors | 4,007,456 |  | 4,276,143 |  |

4,038,106 |  | 4,313,398 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Mortgages | 4,007,456 |  | 4,276,143 |  |

| Repayable by instalments

| Bank loans due after more than 5 years payable by instalments | 3,406 |  | 13,726 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Mortgages | 4,007,456 |  | 4,276,143 |  |

| Mr & Mrs Charalambous have provided the company's bankers with a personal guarantee against the company's agreed overdraft facility.

| The bank loans and mortgages are secured on the company's properties.

A L Properties Ltd (Registered number: 04080224)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 2 | Share capital 1 | £1 | 2 |  | 2 |  |

11. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024 | 2,104,937 |  |

| Revaluation of investment properties | (559,694 | ) |

| At 31 March 2025 | 1,545,243 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| A Charalambous and Mrs J M Charalambous

| Balance outstanding at start of year | 520,822 |  | 327,970 |  |

| Amounts advanced | 208,653 |  | 281,708 |  |

| Amounts repaid | (276,431 | ) | (88,856 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 453,044 |  | 520,822 |  |

| The loan is repayable on demand. Interest is charged on overdue balances at approved Revenue rates and £7,126 (2024: £11,157) is included within the profit & loss account.