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REGISTERED NUMBER: 10266304 (England and Wales)















Alberic Limited

Abridged Financial Statements for the Year Ended 31st July 2024






Alberic Limited (Registered number: 10266304)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Alberic Limited

Company Information
for the year ended 31st July 2024







Director: P J Whight





Registered office: 1-3 High Street
Great Dunmow
Essex
CM6 1UU





Registered number: 10266304 (England and Wales)





Accountants: Walters & Company
Certified Practising Accountants
1-3 High Street
Great Dunmow
Essex
CM6 1UU

Alberic Limited (Registered number: 10266304)

Abridged Balance Sheet
31st July 2024

31/7/24 31/7/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 640,340 644,293
Investments 5 1 101
640,341 644,394

Current assets
Debtors 417,176 3,525,111
Cash at bank 700,619 91,299
1,117,795 3,616,410
Creditors
Amounts falling due within one year 1,468,099 4,522,850
Net current liabilities (350,304 ) (906,440 )
Total assets less current liabilities 290,037 (262,046 )

Provisions for liabilities 2,253 3,005
Net assets/(liabilities) 287,784 (265,051 )

Capital and reserves
Called up share capital 6 100 100
Retained earnings 287,684 (265,151 )
Shareholders' funds 287,784 (265,051 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 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.

Alberic Limited (Registered number: 10266304)

Abridged Balance Sheet - continued
31st July 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 17th October 2024 and were signed by:





P J Whight - Director


Alberic Limited (Registered number: 10266304)

Notes to the Financial Statements
for the year ended 31st July 2024

1. Statutory information

Alberic 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, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Alberic Limited (Registered number: 10266304)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

2. Accounting policies - continued

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 1 (2023 - 3 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st August 2023
and 31st July 2024 687,407
Depreciation
At 1st August 2023 43,114
Charge for year 3,953
At 31st July 2024 47,067
Net book value
At 31st July 2024 640,340
At 31st July 2023 644,293

5. Fixed asset investments

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1st August 2023 101
Disposals (100 )
At 31st July 2024 1
Net book value
At 31st July 2024 1
At 31st July 2023 101

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
100 Ordinary 1 100 100

Alberic Limited (Registered number: 10266304)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

7. Related party disclosures

Included within Creditors: amounts falling due within one year is £1,309,684 (2023: £4,364,588) due to the director, P Whight, by the company. This amount represents an interest free loan repayable on demand.

Included within Debtors at the balance sheet date is £215,000 (2023: £215,000) due from Heyhill Land Ltd, a director of which is a close family member of P Whight.

Included within Accruals at the balance sheet date is £150,000 (2023: £150,000) due to Heyhill Land Ltd, a director of which is a close family member of P Whight.

Included within fees are consultancy services provided to Alberic Property Ltd of £60,000 (2023: £60,000), a company in which P Whight is a director.

8. Ultimate controlling party

The company is jointly controlled by the directors