NEW ALBION PROPERTY LIMITED

Company Registration Number:
04414858 (England and Wales)

Unaudited statutory accounts for the year ended 27 December 2023

Period of accounts

Start date: 1 January 2023

End date: 27 December 2023

NEW ALBION PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 27 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEW ALBION PROPERTY LIMITED

Directors' report period ended 27 December 2023

The directors present their report with the financial statements of the company for the period ended 27 December 2023

Principal activities of the company

The principal activity of the company continued to be that of a holding company of real estate in the United States of America



Directors

The director shown below has held office during the period of
10 January 2023 to 27 December 2023

Garry Itkin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 February 2025

And signed on behalf of the board by:
Name: Garry Itkin
Status: Director

NEW ALBION PROPERTY LIMITED

Profit And Loss Account

for the Period Ended 27 December 2023

2023 2022


£

£
Administrative expenses: ( 2,900 ) ( 2,900 )
Operating profit(or loss): (2,900) (2,900)
Profit(or loss) before tax: (2,900) (2,900)
Profit(or loss) for the financial year: (2,900) (2,900)

NEW ALBION PROPERTY LIMITED

Balance sheet

As at 27 December 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 43,930,070 43,930,070
Total fixed assets: 43,930,070 43,930,070
Current assets
Debtors: 4 197,199 197,199
Total current assets: 197,199 197,199
Creditors: amounts falling due within one year: 5 ( 40,393,510 ) ( 38,390,610 )
Net current assets (liabilities): (40,196,311) (38,193,411)
Total assets less current liabilities: 3,733,759 5,736,659
Creditors: amounts falling due after more than one year: 6 ( 3,824,646 ) ( 5,824,646 )
Total net assets (liabilities): (90,887) (87,987)
Capital and reserves
Called up share capital: 2 3
Profit and loss account: (90,889 ) (87,990 )
Total Shareholders' funds: ( 90,887 ) (87,987)

The notes form part of these financial statements

NEW ALBION PROPERTY LIMITED

Balance sheet statements

For the year ending 27 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 February 2025
and signed on behalf of the board by:

Name: Garry Itkin
Status: Director

The notes form part of these financial statements

NEW ALBION PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below

NEW ALBION PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

NEW ALBION PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

3. Fixed assets investments note

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

NEW ALBION PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

4. Debtors

2023 2022
£ £
Other debtors 197,199 197,199
Total 197,199 197,199

NEW ALBION PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 40,393,510 38,390,610
Total 40,393,510 38,390,610

Included in other creditors: $40,393,510 (2022: $38,390,610) due and owing to the director. This is repayable on demand.

NEW ALBION PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 3,824,646 5,824,646
Total 3,824,646 5,824,646

$3,824,646 is due as a mortgage to East West Bank