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REGISTERED NUMBER: 08429526 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for

Albie Homes Ltd

Albie Homes Ltd (Registered number: 08429526)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Albie Homes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Hayes
Mrs R Lodge





REGISTERED OFFICE: 3 Phillips Close
Formby
Merseyside
L37 4BD





REGISTERED NUMBER: 08429526 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Albie Homes Ltd (Registered number: 08429526)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the letting of own property.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

A Hayes
Mrs R Lodge

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Hayes - Director


18 March 2025

Albie Homes Ltd (Registered number: 08429526)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 5,299 17,601

Administrative expenses 18,111 6,744
(12,812 ) 10,857

Other operating income 69,493 -
Gain/loss on revaluation of tangible assets (101,717 ) -
OPERATING (LOSS)/PROFIT 4 (45,036 ) 10,857


Interest payable and similar expenses 3,756 9,496
(LOSS)/PROFIT BEFORE TAXATION (48,792 ) 1,361

Tax on (loss)/profit 8,551 299
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(57,343

)

1,062

Albie Homes Ltd (Registered number: 08429526)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 139,375 345,000

CURRENT ASSETS
Debtors 6 4,655 200
Cash at bank 12,939 6,713
17,594 6,913
CREDITORS
Amounts falling due within one year 7 12,301 83,109
NET CURRENT ASSETS/(LIABILITIES) 5,293 (76,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,668

268,804

CREDITORS
Amounts falling due after more than one
year

8

45,484

112,277
NET ASSETS 99,184 156,527

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,084 156,427
SHAREHOLDERS' FUNDS 99,184 156,527

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:



A Hayes - Director


Albie Homes Ltd (Registered number: 08429526)

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

1. STATUTORY INFORMATION

Albie Homes Ltd 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.

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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 3,125 -

Albie Homes Ltd (Registered number: 08429526)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 345,000 - 345,000
Additions 15,500 12,500 28,000
Disposals (128,783 ) - (128,783 )
Revaluations (101,717 ) - (101,717 )
At 31 March 2024 130,000 12,500 142,500
DEPRECIATION
Charge for year - 3,125 3,125
At 31 March 2024 - 3,125 3,125
NET BOOK VALUE
At 31 March 2024 130,000 9,375 139,375
At 31 March 2023 345,000 - 345,000

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2018 129,618
Valuation in 2019 18,900
Valuation in 2020 (27,000 )
Valuation in 2021 (4,247 )
Valuation in 2022 20,000
Valuation in 2025 (101,717 )
Cost 94,446
130,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 94,446 207,729

Freehold land and buildings were valued on an open market basis on 31 March 2024 by A Hayes (Director) .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 4,655 200

Albie Homes Ltd (Registered number: 08429526)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,097 7,781
Taxation and social security 8,604 352
Other creditors 600 74,976
12,301 83,109

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 45,484 112,277

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,095 81,153