ALEP PROPERTIES LTD


Directors	JOULAK, Ibrahim
	YOUSEF, Sandra Kas


Registered Address	47 Leamington Terrace
	Edinburgh
	EH10 4JS


Registered Number	SC577648 (Scotland)

Balance Sheet as at
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,442,210		3,379,659
			4,442,210		3,379,659
Current assets
Debtors	4	27,012		9,962
Cash at bank and on hand		3,233		12,777
		30,245		22,739
Creditors amounts falling due within one year	5	(1,315,947)		(1,014,154)
Net current assets (liabilities)			(1,285,702)		(991,415)
Total assets less current liabilities			3,156,508		2,388,244
Creditors amounts falling due after one year	6		(2,868,101)		(2,251,723)
Net assets			288,407		136,521
Capital and reserves
Called up share capital			100		100
Profit and loss account			288,307		136,421
Shareholders' funds			288,407		136,521

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 13 May 2026, and are signed on its behalf by:

JOULAK, Ibrahim
Director
Registered Company No. SC577648

ALEP PROPERTIES LTD

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	6

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 October 24	3,380,571
	Additions	(3,379,659)
	Revaluations	4,442,393
	At 30 September 25	4,443,305
	Depreciation and impairment
	At 01 October 24	912
	Charge for year	183
	At 30 September 25	1,095
	Net book value
	At 30 September 25	4,442,210
	At 30 September 24	3,379,659

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	27,012	9,962
Total	27,012	9,962

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	99,722	49,964
Taxation and social security	65,346	19,377
Other creditors	1,149,157	943,841
Accrued liabilities and deferred income	1,722	972
Total	1,315,947	1,014,154

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,868,101	2,251,723
Total	2,868,101	2,251,723

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
JOULAK, Ibrahim	765,047	20,525	0	785,572
	765,047	20,525	0	785,572

8.	Further information regarding the company's financial position
	On 31 March 2025, the Board of Directors/Shareholders declared a dividend of £96.32 per share (total amount £9,632) in respect of the profit for the year ended 30 September 2024. In accordance with [IAS 10 / FRS 102], this dividend has not been recognised as a liability in these financial statements as the obligation arose after the reporting date. This dividend will be recognized in the financial statements for the year ending 30 September 2025.

Further information regarding the company's financial position

On 31 March 2025, the Board of Directors/Shareholders declared a dividend of £96.32 per share (total amount £9,632) in respect of the profit for the year ended 30 September 2024.
In accordance with [IAS 10 / FRS 102], this dividend has not been recognised as a liability in these financial statements as the obligation arose after the reporting date. This dividend will be recognized in the financial statements for the year ending 30 September 2025.