| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2026 |
| for |
| Alfa Property Partners Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2026 |
| for |
| Alfa Property Partners Ltd |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Certified Accountants' Report | 8 |
| Alfa Property Partners Ltd |
| Company Information |
| for the Year Ended 31st March 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| United Kingdom |
| BS32 4JY |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Balance Sheet |
| 31st March 2026 |
| 31.3.26 | 31.3.25 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium | 12 |
| Fair value reserve | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Balance Sheet - continued |
| 31st March 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2026 |
| 1. | STATUTORY INFORMATION |
| Alfa Property Partners Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in sterling (£), which is the functional currency of the company. |
| Turnover |
| Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the term of the lease. |
| All turnover is derived from customers based in the United Kingdom. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance 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. |
| Cash & cash equivalents |
| Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility. |
| Critical judgements & estimation uncertainty |
| The principal source of estimation uncertainty relates to the valuation of investment properties. Investment properties are measured at fair value and are valued by the directors based on market evidence available at the reporting date. Due to the inherent uncertainty involved in estimating property values, future changes in market conditions may impact the carrying value of these properties. |
| Leases policy |
| The company had no operating lease commitments at the balance sheet date. |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2026 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2025 |
| and 31st March 2026 |
| DEPRECIATION |
| At 1st April 2025 |
| Charge for year |
| At 31st March 2026 |
| NET BOOK VALUE |
| At 31st March 2026 |
| At 31st March 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2025 |
| Revaluations | 185,000 |
| At 31st March 2026 |
| NET BOOK VALUE |
| At 31st March 2026 |
| At 31st March 2025 |
| Fair value at 31st March 2026 is represented by: |
| £ |
| Valuation in 2024 | 670,000 |
| Valuation in 2025 | 235,000 |
| Valuation in 2026 | 185,000 |
| Cost | 5,280,000 |
| 6,370,000 |
| If following historical cost had not been revalued it would have been included at the following historical cost: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Cost | 5,280,000 | 5,280,000 |
| Investment property was valued on an open market basis on 31st March 2026 by the Directors . |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2026 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 33,974 | 20,612 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Bank loans (see note 9) |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a fixed charge over the company's investment properties. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.26 | 31.3.25 |
| value: | £ | £ |
| Ordinary A | £1 | 500,000 | 500,000 |
| Ordinary B | £1 | 500,000 | 500,000 |
| 1,000,000 | 1,000,000 |
| Alfa Property Partners Ltd (Registered number: 12016581) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2026 |
| 12. | RESERVES |
| Fair |
| Retained | Share | value |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1st April 2025 | 2,085,141 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Assets revalued in period | (138,205 | ) | - | 138,205 | - |
| At 31st March 2026 | 2,207,822 |
| 13. | CONTINGENT LIABILITIES |
| There were no contingent liabilities or capital commitments at the balance sheet date. |
| 14. | RELATED PARTY DISCLOSURES |
| As at 31 March 2026, Alfa Property Partners owed £113,847 (2025: £119,847) to related parties. These balances are unsecured, interest-free and repayable on demand. |
| The company also has a director’s loan account with the directors, who are controlling parties of the company, with a balance of £33,974 as at 31 March 2026 (2025: £20,612). This balance is likewise unsecured, interest-free and repayable on demand,and no guarantees have been given. |
| 15. | EVENTS AFTER BALANCE SHEET DATE |
| There have been no events after the balance sheet date affecting the Company since the financial period. |
| 16. | GOING CONCERN |
| The company is reliant on the support of its directors and shareholders and having made appropriate enquiries, the directors have considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the directors have continued to adopt the going concern basis. |
| 17. | FINANCIAL INSTRUMENTS |
| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances |
| Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest. |
| Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest. |
| Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred. |
| Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Chartered Certified Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Alfa Property Partners Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alfa Property Partners Ltd for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of Alfa Property Partners Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alfa Property Partners Ltd and state those matters that we have agreed to state to the Board of Directors of Alfa Property Partners Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
| https://www.accaglobal.com/gb/en/technical-activities/technical-resources- |
| search/2009/october/factsheet-163-audit-exempt-companies.html. |
| To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Alfa Property Partners Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alfa Property Partners Ltd. You consider that Alfa Property Partners Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Alfa Property Partners Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| United Kingdom |
| BS32 4JY |