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Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Albell Investment Limited

Albell Investment Limited (Registered number: 11708408)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albell Investment Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: E Bejko
Mrs F Bejko





REGISTERED OFFICE: 44 Bowness Crescent
London
London
SW15 3QL





REGISTERED NUMBER: 11708408 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Albell Investment Limited (Registered number: 11708408)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,784 -
Investments 5 - 100
65,784 100

CURRENT ASSETS
Stocks 6 919,769 293,858
Debtors 7 700,000 347,987
Cash at bank 184,923 510,299
1,804,692 1,152,144
CREDITORS
Amounts falling due within one year 8 825,501 723,203
NET CURRENT ASSETS 979,191 428,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,044,975

429,041

CREDITORS
Amounts falling due after more than one
year

9

(21,065

)

(30,301

)

PROVISIONS FOR LIABILITIES 11 (19,471 ) -
NET ASSETS 1,004,439 398,740

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,004,339 398,640
SHAREHOLDERS' FUNDS 1,004,439 398,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Albell Investment Limited (Registered number: 11708408)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





E Bejko - Director


Albell Investment Limited (Registered number: 11708408)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Albell Investment 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable following the legal completion of sold units, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

Albell Investment Limited (Registered number: 11708408)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 75,836 1,099 76,935
At 31 March 2023 75,836 1,099 76,935
DEPRECIATION
Charge for year 11,059 92 11,151
At 31 March 2023 11,059 92 11,151
NET BOOK VALUE
At 31 March 2023 64,777 1,007 65,784

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 100
Disposals (100 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 100

6. STOCKS
2023 2022
£    £   
Work-in-progress 919,769 293,858

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 327,521
Other debtors 700,000 5,000
VAT - 15,466
700,000 347,987

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 9,236 8,942
Tax 67,685 54,268
Social security and other taxes 2,402 1,552
VAT 1,474 -
Other creditors 16,320 1,057
Directors' current accounts 593,834 597,834
Accrued expenses 134,550 59,550
825,501 723,203

Albell Investment Limited (Registered number: 11708408)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 21,065 30,301

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,236 8,942

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,539 9,236

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,526 21,065

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,471 -

Deferred
tax
£   
Provided during year 19,471
Balance at 31 March 2023 19,471

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

13. ULTIMATE CONTROLLING PARTY

The company is under the control of the Mr & Mrs Bejko by virtue of their shareholdings.