ALBR Holdings Limited
Company Registration No. 10577473 (England And Wales)
Unaudited Financial Statements
Period Ended 31 December 2023
ALBR HOLDINGS LIMITED
ALBR Holdings Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ALBR HOLDINGS LIMITED
ALBR Holdings Limited
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
31 January 2023
Notes
£
£
£
£
Fixed assets
Investments
3
2,673,061
1,439,367
Current assets
Debtors
5
600,277
605,277
Cash at bank and in hand
2,544,608
2,278,679
3,144,885
2,883,956
Creditors: amounts falling due within one year
6
(18,089)
(6,260)
Net current assets
3,126,796
2,877,696
Net assets
5,799,857
4,317,063
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss reserves
5,797,857
4,315,063
Total equity
5,799,857
4,317,063

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

ALBR HOLDINGS LIMITED
ALBR Holdings Limited
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 September 2024 and are signed on its behalf by:
A B Robb
Director
Company registration number 10577473 (England and Wales)
ALBR HOLDINGS LIMITED
ALBR Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

ALBR Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lonsdale Chambers, Lonsdale Street, Stoke-on-Trent, Staffordshire, ST4 4BT.

1.1
Reporting period

The current reporting period is an 11 month period ended 31 December 2023. The comparative period is a 12 month period ended 31 January 2023. Due to the differing lengths of the reporting periods figures in the financial statements may not be directly comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALBR HOLDINGS LIMITED
ALBR Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ALBR HOLDINGS LIMITED
ALBR Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

There were no employees during the period (31 January 2023: 0).

3
Fixed asset investments
2023
2023
£
£
Shares in group undertakings and participating interests
2,182,734
939,968
Other investments other than loans
490,327
499,399
2,673,061
1,439,367
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 February 2023
939,968
499,399
1,439,367
Additions
-
104,912
104,912
Valuation changes
1,242,766
(113,984)
1,128,782
At 31 December 2023
2,182,734
490,327
2,673,061
Carrying amount
At 31 December 2023
2,182,734
490,327
2,673,061
At 31 January 2023
939,968
499,399
1,439,367
ALBR HOLDINGS LIMITED
ALBR Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 6 -
4
Financial instruments
2023
2023
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
378,255
492,239
5
Debtors
2023
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
600,277
605,277
6
Creditors: amounts falling due within one year
2023
2023
£
£
Corporation tax
12,168
543
Other creditors
5,921
5,717
18,089
6,260
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