Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-07-01false22truefalse 04653815 2023-07-01 2024-06-30 04653815 2022-07-01 2023-06-30 04653815 2024-06-30 04653815 2023-06-30 04653815 2022-07-01 04653815 c:Director1 2023-07-01 2024-06-30 04653815 c:Director2 2023-07-01 2024-06-30 04653815 d:CurrentFinancialInstruments 2024-06-30 04653815 d:CurrentFinancialInstruments 2023-06-30 04653815 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04653815 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04653815 d:UKTax 2023-07-01 2024-06-30 04653815 d:UKTax 2022-07-01 2023-06-30 04653815 d:ShareCapital 2023-07-01 2024-06-30 04653815 d:ShareCapital 2024-06-30 04653815 d:ShareCapital 2022-07-01 2023-06-30 04653815 d:ShareCapital 2023-06-30 04653815 d:ShareCapital 2022-07-01 04653815 d:CapitalRedemptionReserve 2023-07-01 2024-06-30 04653815 d:CapitalRedemptionReserve 2024-06-30 04653815 d:CapitalRedemptionReserve 2022-07-01 2023-06-30 04653815 d:CapitalRedemptionReserve 2023-06-30 04653815 d:CapitalRedemptionReserve 2022-07-01 04653815 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 04653815 d:RetainedEarningsAccumulatedLosses 2024-06-30 04653815 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 04653815 d:RetainedEarningsAccumulatedLosses 2023-06-30 04653815 d:RetainedEarningsAccumulatedLosses 2022-07-01 04653815 c:FRS102 2023-07-01 2024-06-30 04653815 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04653815 c:FullAccounts 2023-07-01 2024-06-30 04653815 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04653815 d:Subsidiary1 2023-07-01 2024-06-30 04653815 d:Subsidiary1 1 2023-07-01 2024-06-30 04653815 2 2023-07-01 2024-06-30 04653815 6 2023-07-01 2024-06-30 04653815 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 04653815









ALBE (HOLDINGS) LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ALBE (HOLDINGS) LIMITED
 

CONTENTS



Page
Directors' report
1 - 2
Statement of financial position
3 - 4
Statement of changes in equity
5
Notes to the financial statements
6 - 9


 
ALBE (HOLDINGS) LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Principal activity

The principal activity of the company continues to be that of a holding company.

Directors

The directors who served during the year were:

T D Roff 
N Roff 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
ALBE (HOLDINGS) LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024


Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





N Roff
Director
Date: 28 February 2025

Page 2

 
ALBE (HOLDINGS) LIMITED
REGISTERED NUMBER: 04653815

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Investments
 5 
750,477
750,477

  
750,477
750,477

Current assets
  

Debtors: amounts falling due within one year
 6 
77,898
76,571

Cash at bank and in hand
 7 
71
179

  
77,969
76,750

Creditors: amounts falling due within one year
 8 
(70,558)
(69,411)

Net current assets
  
 
 
7,411
 
 
7,339

Total assets less current liabilities
  
757,888
757,816

  

Net assets
  
757,888
757,816

Page 3

 
ALBE (HOLDINGS) LIMITED
REGISTERED NUMBER: 04653815
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
7,366
7,366

Capital redemption reserve
  
225,000
225,000

Profit and loss account
  
525,522
525,450

  
757,888
757,816


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T D Roff
Director
Date: 28 February 2025

The notes on pages 6 to 9 form part of these financial statements.

Page 4

 
ALBE (HOLDINGS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
7,366
225,000
525,450
757,816


Comprehensive income for the year

Profit for the year
-
-
72
72
Total comprehensive income for the year
-
-
72
72


Total transactions with owners
-
-
-
-


At 30 June 2024
7,366
225,000
525,522
757,888


The notes on pages 6 to 9 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
7,366
225,000
524,666
757,032


Comprehensive income for the year

Profit for the year
-
-
784
784
Total comprehensive income for the year
-
-
784
784


Total transactions with owners
-
-
-
-


At 30 June 2023
7,366
225,000
525,450
757,816


The notes on pages 6 to 9 form part of these financial statements.

Page 5

 
ALBE (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Albe (Holdings) Limited is a private company, limited by shares, registered in England and Wales.The registration number is 04653815.
The registered office is 51 Bideford Avenue, Perivale, Greenford, Middlesex UB6 7PR
The Company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
ALBE (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.



3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
1,053
184


1,053
184


Total current tax
1,053
184

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 25%).


Page 7

 
ALBE (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
750,477



At 30 June 2024
750,477





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

Albe (England) Ltd
Manufacture of tungsten carbide products
Ordinary
100%

The aggregate of the share capital and reserves as at 30 June 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name

Albe (England) Ltd


6.


Debtors

2024
2023
£
£


Other debtors
77,898
76,571

77,898
76,571


Included within other debtors due within one year is a loan to T D Roff, a director, amounting to £60,283 (2023 - £57,797).  Amounts repaid during the year totalled £NIL.  The main conditions were as follows;
Lent with interest charged at 2.25% with no fixed terms of repayment.

Page 8

 
ALBE (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
71
179

71
179



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
61,981
61,231

Corporation tax
1,025
629

Other creditors
7,552
7,551

70,558
69,411



9.


Related party transactions

During the year, Albe (Holdings) Limited received a management fee of £Nil (2023 - £Nil) from Albe (England) Limited, a subsidiary. At the year end date, the net balance outstanding from Albe (Holdings) Limited to Albe (England) Limited amounts to £61,981 (2023 - £61,231).

 
Page 9