IRIS Accounts Production v23.3.0.418 04081268 Board of Directors 26.3.22 25.3.23 25.3.23 the management of Albany on behalf of all leaseholders. The company also rents out one of the flats on commercial terms. false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure040812682022-03-25040812682023-03-25040812682022-03-262023-03-25040812682021-03-25040812682021-03-262022-03-25040812682022-03-2504081268ns16:EnglandWales2022-03-262023-03-2504081268ns15:PoundSterling2022-03-262023-03-2504081268ns11:Director12022-03-262023-03-2504081268ns11:PrivateLimitedCompanyLtd2022-03-262023-03-2504081268ns11:SmallEntities2022-03-262023-03-2504081268ns11:AuditExemptWithAccountantsReport2022-03-262023-03-2504081268ns11:SmallCompaniesRegimeForDirectorsReport2022-03-262023-03-2504081268ns11:SmallCompaniesRegimeForAccounts2022-03-262023-03-2504081268ns11:FullAccounts2022-03-262023-03-2504081268ns11:OrdinaryShareClass12022-03-262023-03-2504081268ns11:Director32022-03-262023-03-2504081268ns11:Director42022-03-262023-03-2504081268ns11:Director62022-03-262023-03-2504081268ns11:Director72022-03-262023-03-2504081268ns11:CompanySecretary12022-03-262023-03-2504081268ns11:RegisteredOffice2022-03-262023-03-2504081268ns11:Director22022-03-262023-03-2504081268ns11:Director52022-03-262023-03-2504081268ns6:CurrentFinancialInstruments2023-03-2504081268ns6:CurrentFinancialInstruments2022-03-2504081268ns6:ShareCapital2023-03-2504081268ns6:ShareCapital2022-03-2504081268ns6:FurtherSpecificReserve1ComponentTotalEquity2023-03-2504081268ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-2504081268ns6:RetainedEarningsAccumulatedLosses2023-03-2504081268ns6:RetainedEarningsAccumulatedLosses2022-03-2504081268ns6:LandBuildings2022-03-2504081268ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-2504081268ns6:FurnitureFittings2022-03-2504081268ns6:LandBuildings2022-03-262023-03-2504081268ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-262023-03-2504081268ns6:FurnitureFittings2022-03-262023-03-2504081268ns6:LandBuildings2023-03-2504081268ns6:LongLeaseholdAssetsns6:LandBuildings2023-03-2504081268ns6:FurnitureFittings2023-03-2504081268ns6:LandBuildings2022-03-2504081268ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-2504081268ns6:FurnitureFittings2022-03-2504081268ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-2504081268ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-2504081268ns11:OrdinaryShareClass12023-03-25
REGISTERED NUMBER: 04081268 (England and Wales)








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: W O Davidson
D A Higgins
S E Cowan
M G Kalms
J P S Goodwin





SECRETARY: Belgarum Property Management Limited





REGISTERED OFFICE: Belgarum Property Man Ltd
Old Manor Nursery
Kilham Lane
Winchester
Hampshire
SO22 5QD





REGISTERED NUMBER: 04081268 (England and Wales)





ACCOUNTANTS: Carter & Coley
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.

W O Davidson
D A Higgins
S E Cowan
M G Kalms

Other changes in directors holding office are as follows:

S R Pinner - resigned 16 February 2023
A Absalom - resigned 10 October 2022
J P S Goodwin - appointed 24 November 2022

.

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:





M G Kalms - Director


15 November 2023

ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268)

INCOME STATEMENT
FOR THE YEAR ENDED 25 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 80,779 14,541

Administrative expenses 23,973 10,901
OPERATING PROFIT 56,806 3,640

Interest receivable and similar income 129 -
PROFIT BEFORE TAXATION 56,935 3,640

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL
YEAR

56,935

3,640

ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268)

BALANCE SHEET
25 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 344,999 372,941

CURRENT ASSETS
Debtors 6 1,388 77,218
Cash at bank 155,979 3,861
157,367 81,079
CREDITORS
Amounts falling due within one year 7 28,128 8,775
NET CURRENT ASSETS 129,239 72,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,238

445,245

CAPITAL AND RESERVES
Called up share capital 8 130 130
Freehold reserves 344,999 372,941
Retained earnings 129,109 72,174
SHAREHOLDERS' FUNDS 474,238 445,245

ALBANY APARTMENTS LIMITED (REGISTERED NUMBER: 04081268)

BALANCE SHEET - continued
25 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





M G Kalms - Director


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 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 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 8 (2022 - 8 ) .

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 139,710 233,231 10,904 383,845
Write down (27,942 ) - - (27,942 )
At 25 March 2023 111,768 233,231 10,904 355,903
DEPRECIATION
At 26 March 2022
and 25 March 2023 - - 10,904 10,904
NET BOOK VALUE
At 25 March 2023 111,768 233,231 - 344,999
At 25 March 2022 139,710 233,231 - 372,941

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 149 639
Due from service charge account 680 70,190
Prepayments and accrued income 559 6,389
1,388 77,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry creditors - 480
Accruals and deferred income 8,812 8,295
Due to service charge account 19,316 -
28,128 8,775

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
130 Ordinary £1 130 130