Allied City Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03552102 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

ALLIED CITY ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Georgallis

Mr C Christoforou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

03552102 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

-

Investment property

5

2,700,000

3,600,000

2,700,000

3,600,000

CURRENT ASSETS

Debtors

6

3,842,874

2,943,124

Cash at bank

11,067

10,626

3,853,941

2,953,750

CREDITORS

Amounts falling due within one year

7

4,029,421

3,905,894

NET CURRENT LIABILITIES

(175,480

)

(952,144

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,524,520

2,647,856

PROVISIONS FOR LIABILITIES

9

345,000

471,291

NET ASSETS

2,179,520

2,176,565

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

2,179,420

2,176,465

SHAREHOLDERS' FUNDS

2,179,520

2,176,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

Mr C Christoforou - Director

Mr G Georgallis - Director

1.	STATUTORY INFORMATION

Allied City Estates 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

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% straight line

Investment properties

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 Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2024

and 30 September 2025

11,905

DEPRECIATION

At 1 October 2024

and 30 September 2025

11,905

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

3,600,000

Disposals

(900,000

)

At 30 September 2025

2,700,000

NET BOOK VALUE

At 30 September 2025

2,700,000

At 30 September 2024

3,600,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2007

525,439

Valuation in 2010

86,790

Valuation in 2011

1,670,108

Valuation in 2012

587,110

Valuation in 2021

2,219,032

Valuation in 2021

(374,884

)

Valuation in 2023

(2,728,337

)

Valuation in 2024

(251,977

)

Cost

966,719

2,700,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

70,726

43,124

Other debtors

3,772,148

-

Directors' loan accounts

-

2,900,000

3,842,874

2,943,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Tenants deposits and rent in advance

8,200

Tax

123,035

79,508

Amounts due to shareholders

3,880,000

3,800,000

Directors' current accounts

13,146

Accrued expenses

5,040

4,029,421

3,905,894

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

9.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

Deferred tax

345,000

471,291

Deferred

tax

£

Balance at 1 October 2024

471,291

Provided during year

(126,291

)

Balance at 30 September 2025

345,000

Deferred tax has been calculated at 25%.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

100

Ordinary

£1

100

11.

RESERVES

Retained

earnings

£

At 1 October 2024

2,176,465

Profit for the year

2,955

At 30 September 2025

2,179,420

30.09.25

£

Distributable reserves

791,139

Non-distributable reserves

1,388,281

At 30 September 2025

2,179,420