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REGISTERED NUMBER: 00424951 (England and Wales)














Albion Restaurants

Unaudited Financial Statements

For The Year Ended 29 February 2024






Albion Restaurants (Registered number: 00424951)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4

Albion Restaurants

Company Information
For The Year Ended 29 February 2024







DIRECTOR: J W Senior





SECRETARY: Mrs N J Senior





REGISTERED OFFICE: 2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED





REGISTERED NUMBER: 00424951 (England and Wales)





ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Albion Restaurants

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Albion Restaurants for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Albion Restaurants in accordance with the terms of our engagement letter dated 26 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Albion Restaurants and state those matters that we have agreed to state to the director of Albion Restaurants in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Albion Restaurants and its director for our work or for this report.

It is your duty to ensure that Albion Restaurants has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Albion Restaurants. You consider that Albion Restaurants 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 financial statements of Albion Restaurants. 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 financial statements.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


28 November 2024

Albion Restaurants (Registered number: 00424951)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,306 222,306

CREDITORS
Amounts falling due within one year 5 89,029 89,029
NET CURRENT LIABILITIES (89,029 ) (89,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,277

133,277

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 6 179,758 179,758
Retained earnings (46,981 ) (46,981 )
SHAREHOLDERS' FUNDS 133,277 133,277

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





J W Senior - Director


Albion Restaurants (Registered number: 00424951)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Albion Restaurants is a private company , 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 as modified by the revaluation of certain assets.

The company was dormant throughout the current year and previous year.

The company has elected to retain its accounting policies for assets, liabilities and equity at the date of transition to Section 1A "Small Entities" of Financial Reporting Standard 102 until there is any change to those balances or the company undertakes any new transactions, in acordance with the paragraph 35.10 of Financial Reporting Standard 102.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Fixtures and fittings - Nil

The directors consider that freehold buildings and fixtures and fittings have been maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, their corresponding depreciation would not be material and therefore is not charged to the profit and loss account.

The directors perform annual impairment reviews in accordance to ensure that carrying value is not lower than the recoverable amount.

Revaluation of tangible fixed assets
The company has elected not to adopt a policy of revaluation of tangible fixed assets. The company will retain the book value of land and buildings, previously revalued at 23 March 1995 and will not update that valuation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 220,000 15,548 235,548
DEPRECIATION
At 1 March 2023
and 29 February 2024 - 13,242 13,242
NET BOOK VALUE
At 29 February 2024 220,000 2,306 222,306
At 28 February 2023 220,000 2,306 222,306

Albion Restaurants (Registered number: 00424951)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 1995 179,758 - 179,758
Cost 40,242 15,548 55,790
220,000 15,548 235,548

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 40,242 40,242

Freehold land and buildings were valued on an open market basis on 23 March 1995 by Staintons Chartered Surveyors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 8,459 8,459
Amounts Due To Group Undertakings 80,570 80,570
89,029 89,029

6. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 179,758