Company Registration No. 10382494 (England and Wales)
Albany Care Property Management Ltd
Unaudited accounts
for the year ended 30 November 2023
Albany Care Property Management Ltd
Unaudited accounts
Contents
Albany Care Property Management Ltd
Company Information
for the year ended 30 November 2023
Directors
R Shobbrook
A Woodhouse
Company Number
10382494 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
United Kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Albany Care Property Management Ltd
Accountants' report
Accountants' report to the board of directors of Albany Care Property Management Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Albany Care Property Management Ltd for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Albany Care Property Management Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Albany Care Property Management Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Albany Care Property Management Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Albany Care Property Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Albany Care Property Management Ltd. You consider that Albany Care Property Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Albany Care Property Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
11 April 2024
Albany Care Property Management Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
1,216,152
1,216,152
Cash at bank and in hand
10
214
Creditors: amounts falling due within one year
(718,309)
(684,949)
Net current liabilities
(717,800)
(650,554)
Total assets less current liabilities
498,352
565,598
Creditors: amounts falling due after more than one year
(579,051)
(560,472)
Net (liabilities)/assets
(80,699)
5,126
Called up share capital
900
900
Profit and loss account
(81,599)
4,226
Shareholders' funds
(80,699)
5,126
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by
R Shobbrook
Director
Company Registration No. 10382494
Albany Care Property Management Ltd
Notes to the Accounts
for the year ended 30 November 2023
Albany Care Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 10382494. The registered office is 203 West Street, Fareham, PO16 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 1 December 2022
1,216,152
At 30 November 2023
1,216,152
At 30 November 2023
1,216,152
At 30 November 2022
1,216,152
Amounts falling due within one year
Amounts due from group undertakings etc.
499
34,181
Albany Care Property Management Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,084
14,544
Amounts owed to group undertakings and other participating interests
550,100
458,141
Other creditors
155,000
211,950
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
579,051
560,472
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
-
-
-
-
Directors Loan Account
-
-
-
-
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).