REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Albany Investments (Yorkshire) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Albany Investments (Yorkshire) Limited |
Albany Investments (Yorkshire) Limited (Registered number: 10064206) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Albany Investments (Yorkshire) Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Albany Investments (Yorkshire) Limited (Registered number: 10064206) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Merger relief reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
Albany Investments (Yorkshire) Limited (Registered number: 10064206) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Albany Investments (Yorkshire) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Albany Investments (Yorkshire) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
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 NIL (2023 - NIL). |
Albany Investments (Yorkshire) Limited (Registered number: 10064206) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST |
At 1 April 2023 | 695,770 |
Additions | 1 |
At 31 March 2024 | 695,771 |
NET BOOK VALUE |
At 31 March 2024 | 695,771 |
At 31 March 2023 | 695,770 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by associates |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Albany Investments (Yorkshire) Limited (Registered number: 10064206) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
7. | RELATED PARTY DISCLOSURES |
Mr P Clifton (Shareholder) |
Monies were loaned to the company from Mr P Clifton on an interest free basis. The balance at 31st March 2024: £23,185, (2023: £129,770), included in other creditors. |
Red House Apartments Limited |
Subsidiary (66.67%ownership) |
Monies were loaned to this company on an interest free basis. The balance at 31st March 2024: £81,676, (2023: £81,676), included in current assets. |
Albany Construction (Yorkshire) Limited |
Subsidiary (100% ownership) |
Monies were loaned to this company on an interest free basis. The balance at 31st March 2024: £98,636, (2023: £129,286), included in current assets. |
Westfield Property Solutions Limited |
Subsidiary (60% ownership) |
Monies were loaned from this company on an interest free basis. The balance at 31st March 2024: £50,000, (2023: £ 50,000), included in current liabilities. |
Croft Estates Yorkshire) Ltd |
Subsidiary (100% ownership) |
Monies were loaned to this company on an interest free basis. The balance on the loan was written off £1,852. |
Crain Limited |
A 50% owned company. |
Monies were loaned to this company on an interest free basis. The balance at 31st March 2024: £171,063, (2023: £207,563), included in current assets. |