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REGISTERED NUMBER: 12155305 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Albatross Midco Limited

Albatross Midco Limited (Registered number: 12155305)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Albatross Midco Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D R Bartlett
C Hampton
N W Whitehouse
T Denne
M Smith





REGISTERED OFFICE: Calibration House
17-19 Cecil Pashley Way
Shoreham Airport
Shoreham
Sussex
BN43 5FF





REGISTERED NUMBER: 12155305 (England and Wales)





AUDITORS: OPPENHEIMS Chartered Accountants
Statutory Auditors
Springfield
Cox Green Lane
Maidenhead
Berkshire
SL6 3EY

Albatross Midco Limited (Registered number: 12155305)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 6,633,081 6,133,081
NET CURRENT ASSETS 6,633,081 6,133,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,633,082

6,133,082

CREDITORS
Amounts falling due after more than one
year

6

7,983,947

7,100,073
NET LIABILITIES (1,350,865 ) (966,991 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,350,866 ) (966,992 )
SHAREHOLDERS' FUNDS (1,350,865 ) (966,991 )

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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





C Hampton - Director


Albatross Midco Limited (Registered number: 12155305)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Albatross Midco 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 according to the going concern basis on the grounds that the Company will be able to pay its debts as they become due for a period of not less than 12 months from the issuing of these financial statements

These financial statements are presented in GBP and rounded to nil pence.

Preparation of consolidated financial statements
The financial statements contain information about Albatross Midco Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Albatross Topco Limited, Calibration House,17-19 Cecil Pashley Way, Shoreham Airport, Shoreham, Sussex BN43 5FF.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Albatross Midco Limited (Registered number: 12155305)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 6,633,081 6,133,081

Amounts owed by group undertakings are interest free and repayable with notice of not less than one year.
In the opinion of the Directors the amounts due are recoverable in full.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 7,983,947 7,100,073

7. FINANCIAL INSTRUMENTS

Creditors falling due after more than one year comprise loan notes with a coupon rate of 6%.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

N S Oppenheim (Senior Statutory Auditor)
for and on behalf of OPPENHEIMS Chartered Accountants

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Albatross Topco Limited.

The ultimate controlling party is Literacy Capital PLC.