Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 1605356 Mr J Keys Mrs F Keys Mr Alan Martin Mr Roger Keys iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 1605356 2023-03-31 1605356 2024-03-31 1605356 2023-04-01 2024-03-31 1605356 frs-core:CurrentFinancialInstruments 2024-03-31 1605356 frs-core:Non-currentFinancialInstruments 2024-03-31 1605356 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 1605356 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 1605356 frs-core:OtherReservesSubtotal 2024-03-31 1605356 frs-core:ShareCapital 2024-03-31 1605356 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 1605356 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 1605356 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 1605356 frs-bus:SmallEntities 2023-04-01 2024-03-31 1605356 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 1605356 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 1605356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 1605356 frs-bus:Director1 2023-04-01 2024-03-31 1605356 frs-bus:Director2 2023-04-01 2024-03-31 1605356 frs-bus:Director3 2023-04-01 2024-03-31 1605356 frs-bus:Director4 2023-04-01 2024-03-31 1605356 frs-countries:EnglandWales 2023-04-01 2024-03-31 1605356 2022-03-31 1605356 2023-03-31 1605356 2022-04-01 2023-03-31 1605356 frs-core:CurrentFinancialInstruments 2023-03-31 1605356 frs-core:Non-currentFinancialInstruments 2023-03-31 1605356 frs-core:OtherReservesSubtotal 2023-03-31 1605356 frs-core:ShareCapital 2023-03-31 1605356 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 1605356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 1605356
St Albans Realty Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
L C & J A Charge
6 Hawk Close
Waltham Abbey
Essex
EN9 3NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 1605356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,250,000 5,250,000
5,250,000 5,250,000
CURRENT ASSETS
Debtors 5 34,329 44,018
Cash at bank and in hand 43,285 42,536
77,614 86,554
Creditors: Amounts Falling Due Within One Year 6 (1,719,376 ) (1,771,577 )
NET CURRENT ASSETS (LIABILITIES) (1,641,762 ) (1,685,023 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,608,238 3,564,977
Creditors: Amounts Falling Due After More Than One Year 7 (604,049 ) (681,241 )
NET ASSETS 3,004,189 2,883,736
CAPITAL AND RESERVES
Called up share capital 8 600 600
Other reserves 59,383 59,383
Fair Value Reserve (1,196,720 ) (1,196,720 )
Profit and Loss Account 4,140,926 4,020,473
SHAREHOLDERS' FUNDS 3,004,189 2,883,736
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alan Martin
Director
08/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St Albans Realty Limited Registered number 1605356 is a limited by shares company incorporated in England & Wales. The Registered Office is 27 St Albans Crescent, Woodford Green, Essex, IG8 9EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises rent receivable by the company, net of Value Added Tax and other investment income
2.3. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 5,250,000
As at 31 March 2024 5,250,000
Net Book Value
As at 31 March 2024 5,250,000
As at 1 April 2023 5,250,000
Valuations of Freehold Investment Properties are made annually by the directors on an open market value basis. No depreciation is provided in respect of these properties
The historic cost of the properties was £6,510,548 (2023 £6,510,548) which has been adjusted to open market value by means of the fair value reserve.
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 9,689
Other debtors 33,829 33,829
Called up share capital not paid 500 500
34,329 44,018
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 85,000 90,000
Corporation tax 61,151 66,032
VAT 2,712 1,620
Other creditors 33,829 33,829
Accruals and deferred income 56,184 51,596
Amounts owed to associates 1,480,500 1,528,500
1,719,376 1,771,577
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 604,049 681,241
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 500 500
Called Up Share Capital has been paid up 100 100
Amount of Allotted, Called Up Share Capital 600 600
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 63,000 62,000
During the year the company paid dividends of £8,820 to Mr J R Keys, £7,560 to Mrs F H Keys, £3,780 to Mr R H Keys and £10,500 to Mr A Martin who are directors of the company.
10. Related Party Transactions
Fillebrook Hall Estate Company Ltd
Associated company
Included in creditors is an inter company loan of £1,480,500
Page 4