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REGISTERED NUMBER: 12140891 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ALBION PARADE ESTATE LTD

ALBION PARADE ESTATE LTD (REGISTERED NUMBER: 12140891)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALBION PARADE ESTATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A Grunhut





REGISTERED OFFICE: 9 Manor Parade
Manor Road
London
N16 5SG





REGISTERED NUMBER: 12140891 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ALBION PARADE ESTATE LTD (REGISTERED NUMBER: 12140891)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 5 1,060,000 1,060,000

CURRENT ASSETS
Debtors 6 29,500 852
Cash at bank 181,209 1,056
210,709 1,908
CREDITORS
Amounts falling due within one year 7 (221,148 ) (224,270 )
NET CURRENT LIABILITIES (10,439 ) (222,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,049,561

837,638

CREDITORS
Amounts falling due after more than one
year

8

(663,000

)

(442,721

)

PROVISIONS FOR LIABILITIES (104,175 ) (104,175 )
NET ASSETS 282,386 290,742

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 316,524 316,524
Retained earnings 12 (34,139 ) (25,783 )
SHAREHOLDERS' FUNDS 282,386 290,742

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

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

The director acknowledges his 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.

ALBION PARADE ESTATE LTD (REGISTERED NUMBER: 12140891)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 and authorised for issue by the director and authorised for issue on 13 May 2025 and were signed by:





A Grunhut - Director


ALBION PARADE ESTATE LTD (REGISTERED NUMBER: 12140891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Albion Parade Estate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,060,000
NET BOOK VALUE
At 31 August 2024 1,060,000
At 31 August 2023 1,060,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 420,699
Cost 639,301
1,060,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 739
Other debtors 29,500 113
29,500 852

ALBION PARADE ESTATE LTD (REGISTERED NUMBER: 12140891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 221,148 224,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 9) 663,000 426,311
Other creditors - 16,410
663,000 442,721

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 663,000 426,311

9. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years - 16,410

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 663,000 426,311

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 663,000 426,311

Bank loan is secured by the way of first charge over company's investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

ALBION PARADE ESTATE LTD (REGISTERED NUMBER: 12140891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 (25,783 ) 316,524 290,741
Deficit for the year (8,356 ) (8,356 )
At 31 August 2024 (34,139 ) 316,524 282,385

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Grunhut.