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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Albell Investment Limited

Albell Investment Limited (Registered number: 11708408)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Albell Investment Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E Bejko
Mrs F Bejko





REGISTERED OFFICE: 44 Bowness Crescent
London
London
SW15 3QL





REGISTERED NUMBER: 11708408 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Albell Investment Limited (Registered number: 11708408)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,253 65,784

CURRENT ASSETS
Stocks 5 1,499,225 919,769
Debtors 6 251,436 700,000
Cash at bank 82,579 184,923
1,833,240 1,804,692
CREDITORS
Amounts falling due within one year 7 828,462 825,501
NET CURRENT ASSETS 1,004,778 979,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,031

1,044,975

CREDITORS
Amounts falling due after more than one
year

8

(11,525

)

(21,065

)

PROVISIONS FOR LIABILITIES 10 (7,658 ) (19,471 )
NET ASSETS 1,032,848 1,004,439

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,032,748 1,004,339
SHAREHOLDERS' FUNDS 1,032,848 1,004,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:




E Bejko - Director


Albell Investment Limited (Registered number: 11708408)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Albell Investment Limited 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 is measured at the fair value of the consideration received or receivable following the legal completion of sold units, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

Albell Investment Limited (Registered number: 11708408)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 75,836 1,099 76,935
Additions 429 - 367 796
At 31 March 2024 429 75,836 1,466 77,731
DEPRECIATION
At 1 April 2023 - 11,059 92 11,151
Charge for year - 18,959 368 19,327
At 31 March 2024 - 30,018 460 30,478
NET BOOK VALUE
At 31 March 2024 429 45,818 1,006 47,253
At 31 March 2023 - 64,777 1,007 65,784

5. STOCKS
2024 2023
£    £   
Work-in-progress 1,499,225 919,769

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 251,436 700,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 9,539 9,236
Tax 10,568 67,685
Social security and other taxes 1,307 2,402
VAT 3,977 1,474
Other creditors 42,437 16,320
Directors' current accounts 596,834 593,834
Deferred income 29,250 -
Accrued expenses 134,550 134,550
828,462 825,501

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 11,525 21,065

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,539 9,236

Albell Investment Limited (Registered number: 11708408)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 9,852 9,539

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,673 11,526

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,658 19,471

Deferred
tax
£   
Balance at 1 April 2023 19,471
Provided during year (11,813 )
Balance at 31 March 2024 7,658

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the Mr & Mrs Bejko by virtue of their shareholdings.