Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsetrue2022-10-17No description of principal activity3falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14422374 2022-10-16 14422374 2022-10-17 2023-10-31 14422374 2021-11-01 2022-10-16 14422374 2023-10-31 14422374 c:Director1 2022-10-17 2023-10-31 14422374 d:OfficeEquipment 2022-10-17 2023-10-31 14422374 d:OfficeEquipment 2023-10-31 14422374 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-17 2023-10-31 14422374 d:ComputerEquipment 2022-10-17 2023-10-31 14422374 d:ComputerEquipment 2023-10-31 14422374 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-17 2023-10-31 14422374 d:OwnedOrFreeholdAssets 2022-10-17 2023-10-31 14422374 d:CurrentFinancialInstruments 2023-10-31 14422374 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14422374 d:ShareCapital 2023-10-31 14422374 d:RetainedEarningsAccumulatedLosses 2023-10-31 14422374 c:OrdinaryShareClass1 2022-10-17 2023-10-31 14422374 c:OrdinaryShareClass1 2023-10-31 14422374 c:OrdinaryShareClass2 2022-10-17 2023-10-31 14422374 c:OrdinaryShareClass2 2023-10-31 14422374 c:FRS102 2022-10-17 2023-10-31 14422374 c:AuditExempt-NoAccountantsReport 2022-10-17 2023-10-31 14422374 c:FullAccounts 2022-10-17 2023-10-31 14422374 c:PrivateLimitedCompanyLtd 2022-10-17 2023-10-31 14422374 2 2022-10-17 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14422374









ALBANY REAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
ALBANY REAL ESTATE LIMITED
REGISTERED NUMBER: 14422374

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
7,430

  
7,430

Current assets
  

Debtors: amounts falling due within one year
 5 
166,704

Cash at bank and in hand
 6 
172,301

  
339,005

Creditors: amounts falling due within one year
 7 
(216,095)

Net current assets
  
 
 
122,910

Total assets less current liabilities
  
130,340

  

Net assets
  
130,340


Capital and reserves
  

Called up share capital 
  
302

Profit and loss account
  
130,038

  
130,340


Page 1

 
ALBANY REAL ESTATE LIMITED
REGISTERED NUMBER: 14422374
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B D Sharp
Director

Date: 8 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ALBANY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Albany Real Estate Limited is a private company, limited by shares and incorporated in England and Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
ALBANY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
ALBANY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


Additions
2,424
6,592
9,016



At 31 October 2023

2,424
6,592
9,016



Depreciation


Charge for the period on owned assets
277
1,309
1,586



At 31 October 2023

277
1,309
1,586



Net book value



At 31 October 2023
2,147
5,283
7,430


5.


Debtors

2023
£


Trade debtors
166,677

Prepayments and accrued income
27

166,704



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
172,301

172,301


Page 5

 
ALBANY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
37,746

Other taxation and social security
46,708

Other creditors
121,262

Accruals and deferred income
10,379

216,095



8.


Share capital

2023
£
Allotted, called up and fully paid


300 Ordinary shares of £1.00 each
300
2 Ordinary B shares of £1.00 each
2

302


300 Ordinary shares at £1 each and 2 Ordinary B shares at £1 each were issued at par on the date of incorporation.

 
Page 6