REGISTERED NUMBER: 11820018 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

ALELAV LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M A Ioannou

Mr K Kyprianou

Mr C Ioannou

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

11820018 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

625,000

625,000

CURRENT ASSETS

Debtors

5

-

2,624

Cash at bank and in hand

1,296

2,485

1,296

5,109

CREDITORS

Amounts falling due within one year

6

375,672

383,132

NET CURRENT LIABILITIES

(374,376

)

(378,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,624

246,977

CREDITORS

Amounts falling due after more than one year

7

(208,522

)

(206,150

)

PROVISIONS FOR LIABILITIES

(6,000

)

(5,800

)

NET ASSETS

36,102

35,027

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserves

22,738

22,738

Retained earnings

13,264

12,189

SHAREHOLDERS' FUNDS

36,102

35,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

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.

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 7 September 2026 and were signed on its behalf by:

Mr K Kyprianou - Director

1.	STATUTORY INFORMATION

Alelav Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover represents the net rent receivable in respect of the company's investment properties. Turnover is recognised in the period in which it is receivable.

Investment property

Investment properties are carried at fair values. Revaluation surpluses are recognised in the statement of income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

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 position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 March 2025

and 28 February 2026

625,000

NET BOOK VALUE

At 28 February 2026

625,000

At 28 February 2025

625,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2020

8,277

Valuation in 2021

22,061

Cost

594,662

625,000

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

2026

2025

£

£

Cost

594,662

594,662

Investment property was valued on a fair value basis on 28 February 2021 by professional valuers .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

-

2,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to participating interests

152,450

136,450

Other creditors

223,222

246,682

375,672

383,132

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

208,522

206,150

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan due in more than 5

years non-installment

208,522

206,150

208,522

206,150

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

208,522

206,150

The loan is secured by way of fixed and floating legal charge on the investment property of the company.

9.	RELATED PARTY DISCLOSURES

Included within creditors, amounts falling due within one year, is an interest free amount of £221,626 (2025: £245,086) due to the directors of the company.