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REGISTERED NUMBER: 11391423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Albion Rye Associates Limited

Albion Rye Associates Limited (Registered number: 11391423)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Albion Rye Associates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J Byrne





REGISTERED OFFICE: Explorer 2 Second Floor
Fleming Way
Crawley
RH10 9GT





REGISTERED NUMBER: 11391423 (England and Wales)





ACCOUNTANTS: PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Albion Rye Associates Limited

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 Statement of Financial Position. 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 Rye Associates Limited for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position 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 Rye Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Albion Rye Associates Limited and state those matters that we have agreed to state to the director of Albion Rye Associates Limited 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 Rye Associates Limited and its director for our work or for this report.

It is your duty to ensure that Albion Rye Associates Limited 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 loss of Albion Rye Associates Limited. You consider that Albion Rye Associates Limited 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 Rye Associates Limited. 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.






PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY


31 January 2025

Albion Rye Associates Limited (Registered number: 11391423)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,100 44,139
191,100 44,139

CURRENT ASSETS
Debtors 5 774,022 690,044
Cash at bank 33,041 29,768
807,063 719,812
CREDITORS
Amounts falling due within one year 6 528,538 407,626
NET CURRENT ASSETS 278,525 312,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,625

356,325

CREDITORS
Amounts falling due after more than one
year

7

(334,804

)

(15,000

)

PROVISIONS FOR LIABILITIES (23,272 ) -
NET ASSETS 111,549 341,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,449 341,225
111,549 341,325

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

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

Albion Rye Associates Limited (Registered number: 11391423)

Statement of Financial Position - continued
31 May 2024


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 31 January 2025 and were signed by:





J Byrne - Director


Albion Rye Associates Limited (Registered number: 11391423)

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

1. STATUTORY INFORMATION

Albion Rye Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fixtures and Fittings - 20% per annum on cost
Computer Equipment - 33% per annum on cost
Motor Vehicles - over 5 years
Property - over 10 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 22 (2023 - 15 ) .

Albion Rye Associates Limited (Registered number: 11391423)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 - 45,447 - 15,125 60,572
Additions 85,000 1,033 92,136 1,400 179,569
At 31 May 2024 85,000 46,480 92,136 16,525 240,141
DEPRECIATION
At 1 June 2023 - 9,089 - 7,344 16,433
Charge for year 4,375 15,293 9,214 3,726 32,608
At 31 May 2024 4,375 24,382 9,214 11,070 49,041
NET BOOK VALUE
At 31 May 2024 80,625 22,098 82,922 5,455 191,100
At 31 May 2023 - 36,358 - 7,781 44,139

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 339,024 206,777
Other debtors 113,126 101,369
Directors' current accounts 143,938 172,787
Prepayments and accrued income 123,542 144,982
719,630 625,915

Amounts falling due after more than one year:
Tax 54,392 64,129

Aggregate amounts 774,022 690,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 12,215
Other loans 69,723 -
Hire purchase contracts 23,510 -
Trade creditors 98,794 147,952
Corporation tax 28,699 67,501
Social security and other taxes 162,426 96,211
Other creditors 58,089 8,977
Accruals and deferred income 87,297 74,770
528,538 407,626

Albion Rye Associates Limited (Registered number: 11391423)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 15,000 15,000
Other loans - 1-2 years 89,604 -
Other loans - 2-5 years 81,032 -
Hire purchase contracts 149,168 -
334,804 15,000

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 45,386 -

8. SECURED DEBTS

Giant Finance + Ltd hold a fixed and floating charge date 11 July 2022 over the company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J Byrne
Balance outstanding at start of year 172,787 88,837
Amounts advanced 322,200 83,950
Amounts repaid (351,050 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 143,937 172,787

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Byrne.