IRIS Accounts Production v23.2.0.158 07849628 Board of Directors Board of Directors Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078496282022-01-31078496282023-01-31078496282022-02-012023-01-31078496282021-01-31078496282021-02-012022-01-31078496282022-01-3107849628ns10:Originalns15:EnglandWales2022-02-012023-01-3107849628ns14:PoundSterlingns10:Original2022-02-012023-01-3107849628ns10:Originalns10:Director12022-02-012023-01-3107849628ns10:Original2022-02-012023-01-3107849628ns10:Originalns10:Director22022-02-012023-01-3107849628ns10:Originalns10:Director32022-02-012023-01-3107849628ns10:Originalns10:Director42022-02-012023-01-3107849628ns10:Original2023-01-3107849628ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3107849628ns10:Originalns10:SmallEntities2022-02-012023-01-3107849628ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3107849628ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3107849628ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3107849628ns10:Originalns10:FullAccounts2022-02-012023-01-3107849628ns10:Original2022-01-3107849628ns10:Originalns5:CurrentFinancialInstruments2023-01-3107849628ns10:Originalns5:CurrentFinancialInstruments2022-01-3107849628ns10:Originalns5:Non-currentFinancialInstruments2023-01-3107849628ns10:Originalns5:Non-currentFinancialInstruments2022-01-3107849628ns5:ShareCapitalns10:Original2023-01-3107849628ns5:ShareCapitalns10:Original2022-01-3107849628ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3107849628ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-01-3107849628ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3107849628ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3107849628ns10:Originalns10:RegisteredOffice2022-02-012023-01-3107849628ns10:Originalns5:PlantMachinery2022-02-012023-01-3107849628ns10:Original2021-02-012022-01-3107849628ns10:Originalns5:PlantMachinery2022-01-3107849628ns10:Originalns5:PlantMachinery2023-01-3107849628ns10:Originalns5:PlantMachinery2022-01-3107849628ns10:Original2022-01-3107849628ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107849628ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3107849628ns10:Originalns5:WithinOneYear2023-01-3107849628ns10:Originalns5:WithinOneYear2022-01-3107849628ns5:BetweenOneFiveYearsns10:Original2023-01-3107849628ns5:BetweenOneFiveYearsns10:Original2022-01-3107849628ns10:Originalns5:AllPeriods2023-01-3107849628ns10:Originalns5:AllPeriods2022-01-3107849628ns5:Securedns10:Original2023-01-3107849628ns5:Securedns10:Original2022-01-3107849628ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-01-31
REGISTERED NUMBER: 07849628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ALBION ALE HOUSE CYF

ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,950 13,275
Investment property 5 - 160,000
3,950 173,275

CURRENT ASSETS
Stocks 7,338 5,591
Debtors 6 5,398 1,572
Cash at bank and in hand 275,794 199,703
288,530 206,866
CREDITORS
Amounts falling due within one year 7 120,289 79,223
NET CURRENT ASSETS 168,241 127,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,191

300,918

CREDITORS
Amounts falling due after more than one
year

8

(24,078

)

(106,286

)

PROVISIONS FOR LIABILITIES (988 ) (4,381 )
NET ASSETS 147,125 190,251

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 - 7,924
Retained earnings 147,025 182,227
147,125 190,251

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

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

ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

BALANCE SHEET - continued
31 JANUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:




Mr D A Jones - Director Mr L J Washington - Director




Mr J R Hughes - Director Mr G B Thomas - Director


ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Albion Ale House Cyf is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07849628

Registered office: The Albion
Upper Gate Street
Conwy
CONWY
LL32 8RF

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Investment property
Investment property is initially recognised at cost and subsequently carried at fair value, determined annually by the directors. Changes in fair value are recognised in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 37,567
Disposals (25,571 )
At 31 January 2023 11,996
DEPRECIATION
At 1 February 2022 24,292
Charge for year 648
Eliminated on disposal (16,894 )
At 31 January 2023 8,046
NET BOOK VALUE
At 31 January 2023 3,950
At 31 January 2022 13,275

ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 160,000
Disposals (150,217 )
Revaluations (9,783 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 160,000

Fair value at 31 January 2023 is represented by:
£   

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,398 1,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 7,240
Trade creditors 22,580 12,913
Taxation and social security 65,829 29,091
Other creditors 31,880 29,979
120,289 79,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 72,395
Other creditors 24,078 33,891
24,078 106,286

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 43,435

ALBION ALE HOUSE CYF (REGISTERED NUMBER: 07849628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,000 12,000
Between one and five years 60,000 3,000
72,000 15,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 79,635

Bank loans are secured by a fixed charge on the buildings to which they relate.

The bank also holds a fixed and floating charge over the company's assets.

11. RESERVES
Fair
value
reserve
£   
At 1 February 2022 7,924
Changes in fair value (7,924 )

At 31 January 2023 -

The fair value reserve contains the aggregate fair value adjustment on investment properties, after deferred tax.