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COMPANY REGISTRATION NUMBER: 13962999
33 ALBERT STREET LIMITED
UNAUDITED FINANCIAL STATEMENTS
31 December 2024
33 ALBERT STREET LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Contents
Pages
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5 to 7
The following pages do not form part of the financial statements
Report to the board of directors on the preparation of the unaudited statutory financial statements
9
33 ALBERT STREET LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr P E Cassidy
Mr L J Elliman
Registered office
1499 Melton Road
Queniborough
Leicester
LE7 3FP
Accountants
Sawford Bullard
Accountants
The Old Mill
Blisworth Hill Farm
Stoke Road
Blisworth
Northampton
NN7 3DB
33 ALBERT STREET LIMITED
DIRECTORS' REPORT
YEAR ENDED 31 DECEMBER 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Directors
The directors who served the company during the year were as follows:
Mr P E Cassidy
Mr L J Elliman
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 16 April 2025 and signed on behalf of the board by:
Mr P E Cassidy
Director
33 ALBERT STREET LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
£
£
Income from shares in group undertakings
4
138,094
138,094
Interest payable and similar expenses
5
20,079
25,542
---------
---------
Profit before taxation
118,015
112,552
Tax on profit
---------
---------
Profit for the financial year and total comprehensive income
118,015
112,552
---------
---------
Retained earnings at the start of the year
336,405
223,853
---------
---------
Retained earnings at the end of the year
454,420
336,405
---------
---------
All the activities of the company are from continuing operations.
33 ALBERT STREET LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
6
923,300
923,300
Current assets
Cash at bank and in hand
100
100
Creditors: amounts falling due within one year
7
468,880
586,895
---------
---------
Net current liabilities
468,780
586,795
---------
---------
Total assets less current liabilities
454,520
336,505
---------
---------
Net assets
454,520
336,505
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
454,420
336,405
---------
---------
Shareholders funds
454,520
336,505
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 April 2025 , and are signed on behalf of the board by:
Mr P E Cassidy
Director
Company registration number: 13962999
33 ALBERT STREET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1499 Melton Road, Queniborough, Leicester, LE7 3FP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Income from shares in group undertakings
2024
2023
£
£
Dividends from group undertakings
138,094
138,094
---------
---------
5. Interest payable and similar expenses
2024
2023
£
£
Other interest payable and similar charges
20,079
25,542
--------
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
923,300
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
923,300
---------
At 31 December 2023
923,300
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other Loans
414,282
552,375
Other creditors
54,598
34,520
---------
---------
468,880
586,895
---------
---------
8. Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
33 ALBERT STREET LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 DECEMBER 2024
The following pages do not form part of the financial statements.
33 ALBERT STREET LIMITED
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 33 ALBERT STREET LIMITED
YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 33 Albert Street Limited for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Sawford Bullard Accountants
The Old Mill Blisworth Hill Farm Stoke Road Blisworth Northampton NN7 3DB
16 April 2025