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ALEV REAL ESTATE CREDIT I LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Alev Real Estate Credit I Limited is a private company, limited by shares, registered in England and Wales, registration number 09267117. The registered office is 10 Queen Street Place, London, EC4R 1AG, and its principal place of business is Premier House, 15 - 19 Church Street West, Woking, GU21 6DJ. The principal activity is financial intermediation.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The director has assessed the Company's business plan and forecasts and consider that the Company would have sufficient resources to remain in business for at least twelve months from the date of signing these financial statements. However, the director intends to voluntarily liquidate the Company within 12 months of the reporting date.
As a consequence, the Company's trade ceased in the period and therefore, the financial statements have been prepared on a basis other than going concern. The director will continue to provide any necessary support to the Company to meet any liabilities up until the date of liquidation.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Interest income is recognised in profit or loss using the effective interest method.
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