IRIS Accounts Production v24.3.2.46 10064206 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100642062023-03-31100642062024-03-31100642062023-04-012024-03-31100642062022-03-31100642062022-04-012023-03-31100642062023-03-3110064206ns15:EnglandWales2023-04-012024-03-3110064206ns14:PoundSterling2023-04-012024-03-3110064206ns10:Director12023-04-012024-03-3110064206ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110064206ns10:SmallEntities2023-04-012024-03-3110064206ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110064206ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110064206ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110064206ns10:FullAccounts2023-04-012024-03-3110064206ns10:Director22023-04-012024-03-3110064206ns10:RegisteredOffice2023-04-012024-03-3110064206ns5:CurrentFinancialInstruments2024-03-3110064206ns5:CurrentFinancialInstruments2023-03-3110064206ns5:ShareCapital2024-03-3110064206ns5:ShareCapital2023-03-3110064206ns5:SharePremium2024-03-3110064206ns5:SharePremium2023-03-3110064206ns5:RetainedEarningsAccumulatedLosses2024-03-3110064206ns5:RetainedEarningsAccumulatedLosses2023-03-3110064206ns5:CostValuation2023-03-3110064206ns5:CostValuation2024-03-3110064206ns5:AdditionsToInvestments2024-03-3110064206ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110064206ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 10064206 (England and Wales)










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: Mrs M A Malkin
Mrs V Clifton





REGISTERED OFFICE: 63
Bawtry Road
Bramley
Rotherham
South Yorkshire
S66 2TN





REGISTERED NUMBER: 10064206 (England and Wales)

Albany Investments (Yorkshire) Limited (Registered number: 10064206)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 695,771 695,770

CURRENT ASSETS
Debtors 5 351,854 433,525
Cash at bank 665 604
352,519 434,129
CREDITORS
Amounts falling due within one year 6 76,605 188,399
NET CURRENT ASSETS 275,914 245,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,685

941,500

CAPITAL AND RESERVES
Called up share capital 8 8
Merger relief reserve 608,839 608,839
Retained earnings 362,838 332,653
SHAREHOLDERS' FUNDS 971,685 941,500

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Mrs M A Malkin - Director


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 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.

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 645,719 50,051 695,770
Additions 1 - 1
At 31 March 2024 645,720 50,051 695,771
NET BOOK VALUE
At 31 March 2024 645,720 50,051 695,771
At 31 March 2023 645,719 50,051 695,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 180,312 210,962
Amounts owed by associates 171,063 207,563
Other debtors 479 15,000
351,854 433,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 5,580
Amounts owed to group undertakings 50,000 50,000
Other creditors 26,605 132,819
76,605 188,399

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.