0 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 923,300 923,300 923,300 xbrli:pure xbrli:shares iso4217:GBP 13962999 2023-01-01 2023-12-31 13962999 2023-12-31 13962999 2022-03-08 2022-12-31 13962999 2022-12-31 13962999 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13962999 bus:Director1 2023-01-01 2023-12-31 13962999 core:WithinOneYear 2023-12-31 13962999 core:WithinOneYear 2022-12-31 13962999 core:ShareCapital 2023-12-31 13962999 core:ShareCapital 2022-12-31 13962999 core:RetainedEarningsAccumulatedLosses 2023-12-31 13962999 core:RetainedEarningsAccumulatedLosses 2022-12-31 13962999 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 13962999 core:Non-currentFinancialInstruments 2023-12-31 13962999 core:Non-currentFinancialInstruments 2022-12-31 13962999 bus:SmallEntities 2023-01-01 2023-12-31 13962999 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13962999 bus:FullAccounts 2023-01-01 2023-12-31 13962999 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13962999 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13962999 bus:OrdinaryShareClass1 2023-12-31 13962999 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 13962999
33 ALBERT STREET LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
33 ALBERT STREET LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
923,300
923,300
Current assets
Cash at bank and in hand
100
100
Creditors: amounts falling due within one year
5
586,895
699,447
---------
---------
Net current liabilities
586,795
699,347
---------
---------
Total assets less current liabilities
336,505
223,953
---------
---------
Net assets
336,505
223,953
---------
---------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
336,405
223,853
---------
---------
Shareholders funds
336,505
223,953
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 March 2024 , and are signed on behalf of the board by:
Mr P E Cassidy
Director
Company registration number: 13962999
33 ALBERT STREET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1499 Melton Road, Queniborough, Leicester, LE7 3FP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
923,300
---------
Impairment
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
923,300
---------
At 31 December 2022
923,300
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other Loans
552,375
690,469
Other creditors
34,520
8,978
---------
---------
586,895
699,447
---------
---------
6. Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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