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REGISTERED NUMBER: 09122157 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ALBION INVESTMENTS & HOLDINGS LTD

ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALBION INVESTMENTS & HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: P A Francis FCCA
L K Francis FCCA





REGISTERED OFFICE: Energique
Anstey Lane
Alton
Hampshire
GU34 2NB





REGISTERED NUMBER: 09122157 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,250 3,000
Investments 5 301,508 387,383
Investment property 6 425,000 450,000
728,758 840,383

CURRENT ASSETS
Debtors 7 195,325 392,314
Cash at bank 406,531 23,175
601,856 415,489
CREDITORS
Amounts falling due within one year 8 277,685 182,356
NET CURRENT ASSETS 324,171 233,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,929

1,073,516

CREDITORS
Amounts falling due after more than one year 9 (288,522 ) (288,522 )

PROVISIONS FOR LIABILITIES (6,562 ) (9,309 )
NET ASSETS 757,845 775,685

CAPITAL AND RESERVES
Called up share capital 337 337
Fair value reserve 11 319,231 426,794
Retained earnings 438,277 348,554
SHAREHOLDERS' FUNDS 757,845 775,685

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





P A Francis FCCA - Director


ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

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

1. STATUTORY INFORMATION

Albion Investments & Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Albion Investments & Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Turnover
Turnover represents letting income receivable from properties managed by Albion Holdings & Investments Ltd.

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 - 25% on reducing balance

Investments in subsidiaries
Investments in shares are shown at fair value. Gains are recognised in the Income statement.

Investment property
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3. EMPLOYEES AND DIRECTORS

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

ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 3,000
DEPRECIATION
Charge for year 750
At 31 August 2023 750
NET BOOK VALUE
At 31 August 2023 2,250
At 31 August 2022 3,000

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 376,658 10,725 387,383
Disposals - (1 ) (1 )
Revaluations (75,150 ) (10,724 ) (85,874 )
At 31 August 2023 301,508 - 301,508
NET BOOK VALUE
At 31 August 2023 301,508 - 301,508
At 31 August 2022 376,658 10,725 387,383

Cost or valuation at 31 August 2023 is represented by:

Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
Valuation in 2020 229,829 18,560 248,389
Valuation in 2021 70,000 (243 ) 69,757
Valuation in 2022 76,558 (7,595 ) 68,963
Valuation in 2023 (75,150 ) (10,725 ) (85,875 )
Cost 271 3 274
301,508 - 301,508

ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

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

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.8.23 31.8.22
£    £   
Cost 274 274

Fixed asset investments were valued on a fair value basis on 31 August 2023 by the directors of the company .

Fair value gains and losses on the above assets are recognised in the Income Statement.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 450,000
Revaluations (25,000 )
At 31 August 2023 425,000
NET BOOK VALUE
At 31 August 2023 425,000
At 31 August 2022 450,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2021 48,994
Valuation in 2023 (25,000 )
Cost 401,006
425,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.23 31.8.22
£    £   
Cost 401,006 401,006

Investment property was valued on a fair value basis on 31 August 2023 by the directors of the company .

7. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Amounts owed by associates 93,421 230,411
Other debtors 36,904 13,603
130,325 244,014

ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

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

7. DEBTORS - continued
31.8.23 31.8.22
£    £   
Amounts falling due after more than one year:
Amounts owed by associates 65,000 148,300

Aggregate amounts 195,325 392,314

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed to group undertakings 78,650 17,150
Amounts owed to associates 121,302 42,302
Taxation and social security 13,976 5,912
Other creditors 63,757 116,992
277,685 182,356

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 288,522 288,522

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 288,522 288,522

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 288,522 288,522

The mortgage is secured against the investment property.

11. RESERVES
Fair
value
reserve
£   
At 1 September 2022 426,794
Fair value reserve movement (107,563 )

At 31 August 2023 319,231

ALBION INVESTMENTS & HOLDINGS LTD (REGISTERED NUMBER: 09122157)

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

12. RELATED PARTY DISCLOSURES

At the Balance Sheet date the company was owed £65,000 (2022 - £84,545) by Luxury Waterside Lettings (Hythe) Ltd, a company in which Paul Francis, is a director and 50% shareholder.

At the Balance Sheet date the company was owed £21,867 (2022 - £21,867) by P&G Sports Simulators Ltd, a company in which Paul Francis is a director and 50% shareholder.

At the Balance Sheet date the company was owed £71,554 (2022 - £93,755) by AGP Property Refurbishment & Development Ltd, a company in which Paul Francis is a director and 50% shareholder.

At the Balance Sheet date the company was owed £nil (2022 - £178,544) by Geoben Ltd, a company in which Paul Francis is a 50% shareholder.This company was dissolved on 5/12/23.

At the Balance Sheet date the company owed £121,302 (2022 - £42,302)) to Tiakyfee Consultants Ltd, a company in which Paul and Lana Francis are directors and shareholders.

13. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Paul and Lana Francis.