REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 25 MARCH 2023 |
FOR |
ALBANY APARTMENTS LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 25 MARCH 2023 |
FOR |
ALBANY APARTMENTS LIMITED |
ALBANY APARTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 25 MARCH 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 25 MARCH 2023 |
The directors present their report with the financial statements of the company for the year ended 25 March 2023. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 26 March 2022 to the date of this report. |
Other changes in directors holding office are as follows: |
. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268) |
INCOME STATEMENT |
FOR THE YEAR ENDED 25 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT |
Interest receivable and similar income |
PROFIT BEFORE TAXATION |
Tax on profit | 4 |
PROFIT FOR THE FINANCIAL YEAR |
ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268) |
BALANCE SHEET |
25 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Freehold reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268) |
BALANCE SHEET - continued |
25 MARCH 2023 |
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 were approved by the Board of Directors and authorised for issue on |
ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 25 MARCH 2023 |
1. | STATUTORY INFORMATION |
Albany Apartments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of rents and ground rents due. |
Tangible fixed assets |
The Porters flats are valued at historical cost. Depreciation is not provided on the flats. It is the company's policy to maintain these assets in a continual state of sound repair and accordingly the directors consider that the life of the property is so long and the residual value is so high that depreciation is insignificant. |
The cost of the acquisition of the Freehold has been written down to reflect the value of the freeholds in respect of non-participants and rental income receivable from aerials. The original cost was £1,139,117 |
Depreciation is calculated so as to write off the cost of of fixtures and fittings over the useful economic life of that asset. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
The company employs porters at Albany Apartments. The cost of employment is shown within the service charge accounts. |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 25 March 2023 nor for the year ended 25 March 2022. |
ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 25 MARCH 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Porters | and |
property | flats | fittings | Totals |
£ | £ | £ | £ |
COST |
At 26 March 2022 |
Write down | ( |
) | ( |
) |
At 25 March 2023 |
DEPRECIATION |
At 26 March 2022 |
and 25 March 2023 |
NET BOOK VALUE |
At 25 March 2023 |
At 25 March 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Due from service charge account |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Sundry creditors |
Accruals and deferred income |
Due to service charge account |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 130 | 130 |