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Registered number: 06821911
Albany Grange Ltd
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Dodgson Matty Partnership
22 The Tything
Worcester
WR1 1HD
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06821911
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,142 3,792
Tangible Assets 5 3,479 4,053
6,621 7,845
CURRENT ASSETS
Debtors 60,258 233,862
Cash at bank and in hand 14,222 10,867
74,480 244,729
Creditors: Amounts Falling Due Within One Year (237,601 ) (194,741 )
NET CURRENT ASSETS (LIABILITIES) (163,121 ) 49,988
TOTAL ASSETS LESS CURRENT LIABILITIES (156,500 ) 57,833
Creditors: Amounts Falling Due After More Than One Year (4,833 ) (16,433 )
NET (LIABILITIES)/ASSETS (161,333 ) 41,400
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (161,433 ) 41,300
SHAREHOLDERS' FUNDS (161,333) 41,400
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr M Veasey
Director
Mrs R Veasey
Director
18 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Albany Grange Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06821911 . The registered office is 5 Deansway, Worcester, Worcestershire, WR1 2JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of Website Development costs which are amortised to profit and loss account over their estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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Page 4
4. Intangible Assets
Total
£
Cost
As at 1 January 2024 79,988
As at 31 December 2024 79,988
Amortisation
As at 1 January 2024 76,196
Provided during the period 650
As at 31 December 2024 76,846
Net Book Value
As at 31 December 2024 3,142
As at 1 January 2024 3,792
5. Tangible Assets
Total
£
Cost
As at 1 January 2024 38,074
Additions 1,046
As at 31 December 2024 39,120
Depreciation
As at 1 January 2024 34,021
Provided during the period 1,620
As at 31 December 2024 35,641
Net Book Value
As at 31 December 2024 3,479
As at 1 January 2024 4,053
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4