Registration number:
Algerie Motors Ltd
for the Year Ended 31 December 2025
Algerie Motors Ltd
Contents
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Company Information |
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Directors' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Algerie Motors Ltd
Company Information
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Directors |
Odilo Javier Otero Jacqueline Nabih |
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Registered office |
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Algerie Motors Ltd
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is acting as an agency holding company
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Algerie Motors Ltd
Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
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Profit/(loss) for the year |
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( |
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Total comprehensive income for the year |
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( |
Algerie Motors Ltd
(Registration number: 12147383)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
(102,753) |
(115,241) |
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Shareholders' deficit |
(102,752) |
(115,240) |
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Algerie Motors Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis as the directors consider that the company has the financial resources to continue for at least a twelve month period from the date that these financial statements are signed. The company continues to be a party to a commercial agreement under which it is expected that future income will be earned by the company. This will allow the company to meet its liabilities as they fall due over the next twelve months.
The shareholders of 100% of the issued share capital of the company have confirmed that the loan made to the Company will not be called upon in whole or in part for the next 12 months or until such time as the Company's affairs are solvent without the benefit of such a loan. On this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments which would result from a withdrawal of the support of the shareholders of the Company.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Algerie Motors Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Algerie Motors Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Debtors |
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Current |
2025 |
2024 |
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Other debtors |
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Algerie Motors Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Accruals and deferred income |
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- |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
EUR |
No. |
EUR |
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1 |
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1 |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Other borrowings
Algerie Motors Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Shareholder loan is denominated in EUR€ with a nominal interest rate of 0%. The carrying amount at year end is EUR30,736 (2024 - EUR45,588). The long term loan from the Shareholder is interest free, unsecured with no repayable fixed date in less than 12 months. |
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Related party transactions |
Summary of transactions with other related parties
Loans to related parties
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2025 |
Other related parties |
Total |
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At start of period |
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At end of period |
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2024 |
Other related parties |
Total |
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At start of period |
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At end of period |
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Terms of loans to related parties
Loans from related parties
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2025 |
Other related parties |
Total |
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At start of period |
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Advanced |
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At end of period |
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2024 |
Other related parties |
Total |
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At start of period |
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At end of period |
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Terms of loans from related parties
The loan from the shareholder of €30,736 (2024 €45,588) is unsecured interest free and repayable in more than one year.