Albany Court Hastings Limited 00766332 false 2023-09-29 2024-09-28 2024-09-28 The principal activity of the company is holding the under-lease dated 28th September 1963 of the block of flats known as Albany Court, Hastings and on behalf of the owners of the flats acts as manager of the flats. Digita Accounts Production Advanced 6.30.9574.0 true true 00766332 2023-09-29 2024-09-28 00766332 2024-09-28 00766332 core:CapitalRedemptionReserve 2024-09-28 00766332 core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-28 00766332 core:MergerReserve 2024-09-28 00766332 core:OtherReservesSubtotal 2024-09-28 00766332 core:RetainedEarningsAccumulatedLosses 2024-09-28 00766332 core:CurrentFinancialInstruments 2024-09-28 00766332 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-28 00766332 core:LandBuildings 2024-09-28 00766332 bus:SmallEntities 2023-09-29 2024-09-28 00766332 bus:AuditExemptWithAccountantsReport 2023-09-29 2024-09-28 00766332 bus:FilletedAccounts 2023-09-29 2024-09-28 00766332 bus:SmallCompaniesRegimeForAccounts 2023-09-29 2024-09-28 00766332 bus:RegisteredOffice 2023-09-29 2024-09-28 00766332 bus:CompanySecretary1 2023-09-29 2024-09-28 00766332 bus:Director11 2023-09-29 2024-09-28 00766332 bus:Director12 2023-09-29 2024-09-28 00766332 bus:Director4 2023-09-29 2024-09-28 00766332 bus:Director8 2023-09-29 2024-09-28 00766332 bus:CompanyLimitedByGuarantee 2023-09-29 2024-09-28 00766332 core:CapitalRedemptionReserve 2023-09-29 2024-09-28 00766332 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-29 2024-09-28 00766332 core:MergerReserve 2023-09-29 2024-09-28 00766332 core:RetainedEarningsAccumulatedLosses 2023-09-29 2024-09-28 00766332 core:LandBuildings 2023-09-29 2024-09-28 00766332 countries:England 2023-09-29 2024-09-28 00766332 2023-09-28 00766332 core:CapitalRedemptionReserve 2023-09-28 00766332 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-28 00766332 core:MergerReserve 2023-09-28 00766332 core:RetainedEarningsAccumulatedLosses 2023-09-28 00766332 core:LandBuildings 2023-09-28 00766332 2022-09-29 2023-09-28 00766332 2023-09-28 00766332 core:CapitalRedemptionReserve 2023-09-28 00766332 core:OtherReservesSubtotal 2023-09-28 00766332 core:RetainedEarningsAccumulatedLosses 2023-09-28 00766332 core:CurrentFinancialInstruments 2023-09-28 00766332 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-28 00766332 core:LandBuildings 2023-09-28 iso4217:GBP xbrli:pure

Registration number: 00766332

Albany Court Hastings Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 September 2024

 

Albany Court Hastings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Albany Court Hastings Limited

Company Information

Directors

J Hughes

P C K Bailey

D G Ormerod

T L Waddilove

Company secretary

Property Select Limited

Registered office

39 High Street
Battle
East Sussex
TN33 0EE

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Albany Court Hastings Limited

(Registration number: 00766332)
Balance Sheet as at 28 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

52,044

53,531

Current assets

 

Debtors

5

39,129

62,354

Cash at bank and in hand

 

216,662

357,000

 

255,791

419,354

Creditors: Amounts falling due within one year

6

(21,979)

(35,669)

Net current assets

 

233,812

383,685

Net assets

 

285,856

437,216

Reserves

 

Capital redemption reserve

369

369

Other reserves

72,246

188,073

Retained earnings

213,241

248,774

Surplus

 

285,856

437,216

For the financial year ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................
T L Waddilove
Director

 

Albany Court Hastings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
39 High Street
Battle
East Sussex
TN33 0EE
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Albany Court Hastings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold properties

Straight line over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Albany Court Hastings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 29 September 2023

96,407

96,407

At 28 September 2024

96,407

96,407

Depreciation

At 29 September 2023

42,876

42,876

Charge for the year

1,487

1,487

At 28 September 2024

44,363

44,363

Carrying amount

At 28 September 2024

52,044

52,044

At 28 September 2023

53,531

53,531

Included within the net book value of land and buildings above is £52,044 (2023 - £53,531) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

37,844

61,838

Prepayments

1,285

516

39,129

62,354

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

385

2,822

Accruals and deferred income

2,250

3,908

Other creditors

19,344

28,939

21,979

35,669

 

Albany Court Hastings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

7

Reserves

Members Capital Account
£

Roof Fund Reserve
£

Capital Reserve Account
£

General Contingency Fund
£

At 29 September 2023

369

134,542

53,531

248,774

Deficit for the year

-

-

-

(151,360)

Total comprehensive income

-

-

-

(151,360)

Other movements on reserves

-

-

(1,487)

115,827

Roof fund reserve increase/decrease

-

(114,340)

-

-

At 28 September 2024

369

20,202

52,044

213,241

Total
£

At 29 September 2023

437,216

Deficit for the year

(151,360)

Total comprehensive income

(151,360)

Other movements on reserves

114,340

Roof fund reserve increase/decrease

(114,340)

At 28 September 2024

285,856



 






 

Members Capital Account

2024

2023

Subscriptions by present members

68

68

Subscriptions by former members

259

259

Subscriptions forfeited

42

42

369

369

Capital Reserves Account

The Capital Reserves Account is a non distributable reserve and represents the current net book value of the company's fixed assets.