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REGISTERED NUMBER: 13168675 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ALBION GROVE LTD

ALBION GROVE LTD (REGISTERED NUMBER: 13168675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALBION GROVE LTD

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: P Haines





REGISTERED OFFICE: 39 Dover Street
4th floor
London
W1S 4NN





REGISTERED NUMBER: 13168675 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

ALBION GROVE LTD (REGISTERED NUMBER: 13168675)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Stocks 2,610,696 2,177,937
Debtors 4 7,369 7,941
Cash at bank 93,298 8,481
2,711,363 2,194,359
CREDITORS
Amounts falling due within one year 5 1,568,215 977,330
NET CURRENT ASSETS 1,143,148 1,217,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,148

1,217,029

CREDITORS
Amounts falling due after more than one year 6 1,356,490 1,263,125
NET LIABILITIES (213,342 ) (46,096 )

CAPITAL AND RESERVES
Called up share capital 8 236 236
Retained earnings (213,578 ) (46,332 )
SHAREHOLDERS' FUNDS (213,342 ) (46,096 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 GROVE LTD (REGISTERED NUMBER: 13168675)

BALANCE SHEET - continued
31 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





P Haines - Director


ALBION GROVE LTD (REGISTERED NUMBER: 13168675)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Albion Grove Ltd 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.

The financial statements have been prepared on the going basis, notwithstanding that the balance sheet is showing net liabilities of £213,342. In addition to the expectation of realising a profit on developed assets held on the balance sheet at the reporting date, in considering the finance facility in place the director has concluded that the company has access to sufficient cash to ensure the company remains operational for a period of at least 12 months and 1 day from the approval of these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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

ALBION GROVE LTD (REGISTERED NUMBER: 13168675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 7,369 7,941

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 117,904 12,772
Other creditors & accruals 1,450,311 964,558
1,568,215 977,330

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 1,356,490 1,263,125

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,356,490 1,263,125

7. SECURED DEBTS

There is a debenture in favour of Quanta Finance Limited over all assets of the company, as security over an available loan facility.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
236 Ordinary £1 236 236

ALBION GROVE LTD (REGISTERED NUMBER: 13168675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

9. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to owners that hold a participating interest in the company totalling £1,005,158 (2021: 963,058).

10. ULTIMATE CONTROLLING PARTY

There is no individual ultimate controlling party.