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REGISTERED NUMBER: 03127676 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Albanyview Ltd

Albanyview Ltd (Registered number: 03127676)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Albanyview Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr S J Brown





SECRETARY: Mr B Fielding





REGISTERED OFFICE: Equitable House
55 Pellon Lane
Halifax
West Yorkshire
HX1 5SP





REGISTERED NUMBER: 03127676 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Albanyview Ltd (Registered number: 03127676)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Stocks 5 977,761 1,219,878
Debtors 6 284,515 215,902
1,262,276 1,435,780
CREDITORS
Amounts falling due within one year 7 254,736 254,501
NET CURRENT ASSETS 1,007,540 1,181,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,540

1,181,279

CREDITORS
Amounts falling due after more than one year 8 1,380,542 1,593,973
NET LIABILITIES (373,002 ) (412,694 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (373,103 ) (412,795 )
SHAREHOLDERS' FUNDS (373,002 ) (412,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 14 August 2024 and were signed by:





Mr S J Brown - Director


Albanyview Ltd (Registered number: 03127676)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Albanyview 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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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

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 1 (2022 - 1 ) .

Albanyview Ltd (Registered number: 03127676)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 November 2023 4,181
DEPRECIATION
At 1 December 2022
and 30 November 2023 4,181
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. STOCKS
30.11.23 30.11.22
£    £   
Work in Progress 977,761 1,219,878

Properties for re-sale & development sites


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 36,864 -
Other debtors 247,443 215,694
Corporation Tax Recoverable 208 208
284,515 215,902

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 23,077 23,443
Trade creditors 197,385 196,784
Other creditors 13,811 13,811
Directors' current accounts 3,385 3,385
Accrued expenses 17,078 17,078
254,736 254,501

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-7 years 1,368,817 1,580,607
Bank loans - 2-5 years 11,725 13,366
1,380,542 1,593,973

Albanyview Ltd (Registered number: 03127676)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,380,542 1,593,973

The loan is secured as a fixed charge on work in progress.

10. RELATED PARTY DISCLOSURES

The company is controlled by the company director.