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Company registration number: 13840186

Albion Water Holdings Limited

Filleted Annual Report and Unaudited Financial Statements

for the Period from 11 January 2022 to 30 June 2023

 

Albion Water Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Albion Water Holdings Limited

(Registration number: 13840186)
Balance Sheet as at 30 June 2023

Note

2023
£

Fixed assets

 

Investments

4

3,732,000

Current assets

 

Cash at bank and in hand

 

600,001

Creditors: Amounts falling due within one year

5

(4,459,932)

Net current liabilities

 

(3,859,931)

Net liabilities

 

(127,931)

Capital and reserves

 

Called up share capital

1

Profit and loss account

(127,932)

Total equity

 

(127,931)

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 


A Shore
Director

   
 

Albion Water Holdings Limited

Notes to the Unaudited Financial Statements
for the Period from 11 January 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
BS24 7JP

2

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.

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis as the directors have received confirmation that the amounts due to a company under common control will not be repaid until the company has sufficient funds to do so.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Albion Water Holdings Limited

Notes to the Unaudited Financial Statements
for the Period from 11 January 2022 to 30 June 2023

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors 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 and other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 4.

4

Investments

2023
£

Investments in subsidiaries

3,732,000

Subsidiaries

£

Cost or valuation

Additions

3,732,000

Carrying amount

At 30 June 2023

3,732,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Albion Water Holdings Limited

Notes to the Unaudited Financial Statements
for the Period from 11 January 2022 to 30 June 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

Subsidiary undertakings

Albion Water Limited

3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, Somerset. BS24 7JP

Ordinary

100%

 

England

     

Subsidiary undertakings

Albion Water Limited

The principal activity of Albion Water Limited is the provision of water, sewerage, drainage and allied services to developers and primarily new housing.

5

Creditors

Creditors: amounts falling due within one year

2023
£

Other creditors

4,459,932

Other creditors includes deferred consideration in respect of the acquisition of the company's subsidiary for which a guarantee has been provided and a loan from a company under common control.

6

Parent and ultimate parent undertaking

The ultimate controlling party is P G Cullen.