REGISTERED NUMBER: SC834278 (Scotland)

Unaudited Financial Statements

for the Period 16 January 2025 to 31 August 2025

for

ALPF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Porter

Mrs L M Porter

SECRETARY:

Aberdein Considine Secretarial Services Ltd

REGISTERED OFFICE:

Porter Pharmacy

Unit 22 & 23 City South Office Park

Bankhead Drive

Aberdeen

Aberdeenshire

AB12 4XX

REGISTERED NUMBER:

SC834278 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Intangible assets

4

4,126,620

Investments

5

344,001

4,470,621

CURRENT ASSETS

Debtors

6

72,184

Cash at bank

33

72,217

CREDITORS

Amounts falling due within one year

7

1,440,701

NET CURRENT LIABILITIES

(1,368,484

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,102,137

CREDITORS

Amounts falling due after more than one year

8

3,324,187

NET LIABILITIES

(222,050

)

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

(222,150

)

SHAREHOLDERS' FUNDS

(222,050

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 24 April 2026 and were signed on its behalf by:

A J Porter - Director

Mrs L M Porter - Director

1.	STATUTORY INFORMATION

ALPF Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of twenty years.

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.

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

4,343,811

At 31 August 2025

4,343,811

AMORTISATION

Amortisation for period

217,191

At 31 August 2025

217,191

NET BOOK VALUE

At 31 August 2025

4,126,620

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

344,001

At 31 August 2025

344,001

NET BOOK VALUE

At 31 August 2025

344,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

A&L Porter Investments Ltd

100

VAT

8,500

Prepayments and accrued income

63,584

72,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts (see note 9)

848,400

A & L Porter Limited

190,351

Garden's Pharmacy Limited

400,150

Accrued expenses

1,800

1,440,701

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 9)

3,324,187

9.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Bank loans

848,400

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,324,187

10.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

4,172,587

A Floating Charge was created on 14th April 2025 in favour of Bank of Scotland PLC which covers all the property or undertaking of the company.

Two Charges were created on 23rd April 2025 in favour of Bank of Scotland PLC over the Assignation of Life Policies.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

12.

RESERVES

Retained

earnings

£

Deficit for the period

(222,150

)

At 31 August 2025

(222,150

)