REGISTERED NUMBER: 05104353

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

ALANKAR PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Rahim Virani

Karim Virani

SECRETARY:

Paul Davis

REGISTERED OFFICE:

Crown House

North Circular Road

Park Royal

London

NW10 7PN

REGISTERED NUMBER:

05104353

AUDITORS:

UHY Affinia

Chartered Accountants & Statutory Auditor

168 Church Road

Hove

East Sussex

BN3 2DL

BANKERS:

Punjab National Bank (International) Ltd

110 South Road

Southall

UB1 1RB

FIXED ASSETS

Investment property

4

2,200,000

2,200,000

CURRENT ASSETS

Debtors

5

149,596

97,745

Cash at bank

61,959

25,620

211,555

123,365

CREDITORS

Amounts falling due within one year

6

275,205

282,735

NET CURRENT LIABILITIES

(63,650

)

(159,370

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,136,350

2,040,630

PROVISIONS FOR LIABILITIES

38,782

38,683

NET ASSETS

2,097,568

2,001,947

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

7

653,183

653,183

Retained earnings

1,443,385

1,347,764

SHAREHOLDERS' FUNDS

2,097,568

2,001,947

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Karim Virani - Director

1.	STATUTORY INFORMATION

Alankar Properties Ltd is a private company, limited by shares, registered in England and Wales. The company's registered office is Crown House, North Circular Road, Park Royal, London NW10 7PN.

2.	ACCOUNTING POLICIES

Accounting convention

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.The financial statements are prepared in sterling, which is the functional currency of the entity

Going concern

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Significant Judgements

The significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Property Valuations

Properties are valued annually at fair value by the directors. Fair value is ascertained through review of a number of factors to include market knowledge and market yields. There is an inevitable degree of judgement involved and value can only ultimately be reliably tested in the market itself.

Turnover

Turnover represents amounts receivable for rent. Rental income is recognised once space is provided to tenants.

Investment property

Investment properties are accounted for as follows:

- Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

- Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the income statement and accumulated in the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in retained earnings for the year.

Depreciation is provided only on those investment properties that are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the applicable standard, FRS 102, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial information to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount in respect of this which might otherwise have been shown cannot be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial positionbalance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial positionbalance 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 NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,200,000

NET BOOK VALUE

At 31 March 2026

2,200,000

At 31 March 2025

2,200,000

The freehold investment property was valued on 31 March 2026 on a fair value basis as at that date by the directors.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

2,200,000

If the freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

1,541,704

1,541,704

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

25,296

1,610

Amounts owed by group undertakings

122,430

94,329

Other debtors

1,870

1,806

149,596

97,745

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

26,411

Trade creditors

42,830

36,623

Taxation and social security

47,946

45,528

Other creditors

184,429

174,173

275,205

282,735

The bank loans and overdrafts are secured over the investment property.

7.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

653,183

The company has the following reserves, the movements of which in the current and prior years are shown in the statements of changes in equity:

Called-up share capital

Called-up share capital represents the nominal value of shares that have been issued.

Revaluation reserve (non-distributable)

The revaluation reserve is used to record increases in the fair value of investment properties and decreases to the extent that such decreases relates to an increase on the same asset, net of deferred tax.

Retained earnings

The retained earnings represent all current and prior period retained profits and losses.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Guest FCA (Senior Statutory Auditor)

for and on behalf of UHY Affinia

9.	RELATED PARTY DISCLOSURES

There are no related party transactions that require disclosure under FRS102.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the Company is Cygnet Properties and Leisure Plc, A company incorporated in England and Wales. The registered office of Cygnet Properties and Leisure Plc is Crown House, North Circular Road, London, NW10 7PN.

Cygnet Properties and Leisure Plc is the parent undertaking of the smallest group of undertakings for which group accounts are prepared and of which the Company is a member.