ALSA PH LTD


Director	TEJERO-POVEDANO, Eduardo


Registered Address	Apartment 30 Kings Court
	71-76 Wright Street
	Hull
	HU2 8JR


Registered Number	11352035 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		1,380		1,725
Investments	4		1,294,069		699,000
			1,295,449		700,725
Current assets
Debtors	5	82,000		292,000
Cash at bank and on hand		94		329
		82,094		292,329
Creditors amounts falling due within one year	6	(1,092,440)		(667,637)
Net current assets (liabilities)			(1,010,346)		(375,308)
Total assets less current liabilities			285,103		325,417
Creditors amounts falling due after one year	7		(52,368)		-
Net assets			232,735		325,417
Capital and reserves
Called up share capital			1		1
Profit and loss account			232,734		325,416
Shareholders' funds			232,735		325,417

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 Director acknowledges 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 financial statements were approved and authorised for issue by the Director on 15 July 2026, and are signed on its behalf by:

TEJERO-POVEDANO, Eduardo
Director
Registered Company No. 11352035

ALSA PH LTD

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. 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.

	Turnover policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		3

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 25	1,809	768	2,577
At 31 March 26	1,809	768	2,577
Depreciation and impairment
At 01 April 25	813	39	852
Charge for year	199	146	345
At 31 March 26	1,012	185	1,197
Net book value
At 31 March 26	797	583	1,380
At 31 March 25	996	729	1,725

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 25	699,000	699,000
Additions	595,069	595,069
At 31 March 26	1,294,069	1,294,069
Net book value
At 31 March 26	1,294,069	1,294,069
At 31 March 25	699,000	699,000

	Notes
	¹Other investments other than loans

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	82,000	82,000
Prepayments and accrued income	-	210,000
Total	82,000	292,000

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	730,859	585,925
Other creditors	360,982	81,112
Accrued liabilities and deferred income	599	600
Total	1,092,440	667,637


	Included within bank borrowings and overdrafts is an amount payable of £730,859 (2025: £585,925) to the directors.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	52,368	-
Total	52,368	-

8.	Share capital
	1 Ordinary Share

9.	Related party transactions
	During the year, the Company entered into transactions with related parties, being entities under common control, including SPT 100 Ltd, Alsa Properties Ltd,Regal 100 Ltd and Sugarman Sykes Ltd. At the year end, amounts due from related parties comprised £77,000 (2025: £77,000) from SPT 100 Ltd and £5,000 (2025: £5,000) from Sugarman Sykes Ltd. Amounts due to related parties comprised £62,838 (2025: £64,100) to Alsa Properties Ltd and £333,500 (2025: £nil) to Regal 100 Ltd. These balances are unsecured, interest-free and repayable on demand.

Related party transactions

During the year, the Company entered into transactions with related parties, being entities under common control, including SPT 100 Ltd, Alsa Properties Ltd,Regal 100 Ltd and Sugarman Sykes Ltd.

At the year end, amounts due from related parties comprised £77,000 (2025: £77,000) from SPT 100 Ltd and £5,000 (2025: £5,000) from Sugarman Sykes Ltd.

Amounts due to related parties comprised £62,838 (2025: £64,100) to Alsa Properties Ltd and £333,500 (2025: £nil) to Regal 100 Ltd.

These balances are unsecured, interest-free and repayable on demand.