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REGISTERED NUMBER: 13214805 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALBERTINE LTD

ALBERTINE LTD (REGISTERED NUMBER: 13214805)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALBERTINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: J Nyrola





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 13214805 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

ALBERTINE LTD (REGISTERED NUMBER: 13214805)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investments 4 2,555,672 2,094,185

CURRENT ASSETS
Debtors 5 1,622,575 886,484
Cash at bank 21,709 28,150
1,644,284 914,634
CREDITORS
Amounts falling due within one year 6 1,338,650 1,479,040
NET CURRENT ASSETS/(LIABILITIES) 305,634 (564,406 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,861,306

1,529,779

CAPITAL AND RESERVES
Called up share capital 7 286 235
Share premium 8 3,242,399 1,859,069
Retained earnings 8 (381,379 ) (329,525 )
SHAREHOLDERS' FUNDS 2,861,306 1,529,779

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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





J Nyrola - Director


ALBERTINE LTD (REGISTERED NUMBER: 13214805)

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

1. STATUTORY INFORMATION

Albertine 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.

The financial statements have been prepared on the going concern basis after consideration by the directors as to the appropriateness of this basis. A fellow group undertaking has confirmed they will continue to support the Company as required for a period of at least 12 months and 1 day from the date of approval of these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any other Financial Instruments as covered by Section 12 of FRS 102.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ALBERTINE LTD (REGISTERED NUMBER: 13214805)

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

2. ACCOUNTING POLICIES - continued

Fixed asset investment
Fixed asset investments are stated at cost less provision for diminution in value. The cost of investments includes acquisition costs such as broker's fees, legal fees and stamp duty.

Where the market value of an investment is lower than its carrying amount, and the diminution in value is considered to be permanent, a provision is made to reduce the carrying amount to the market value.

Income from investments is recognised in the financial statements when the right to receive payment is established.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 2,094,185
Additions 461,487
At 31 December 2024 2,555,672
NET BOOK VALUE
At 31 December 2024 2,555,672
At 31 December 2023 2,094,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 1,621,211 884,830
Other debtors 1,364 1,654
1,622,575 886,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings - 33,893
Other creditors & accruals 1,338,650 1,445,147
1,338,650 1,479,040

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
234,630 Ordinary £0.00 1 286 235

ALBERTINE LTD (REGISTERED NUMBER: 13214805)

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

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 (329,525 ) 1,859,069 1,529,544
Deficit for the year (51,854 ) (51,854 )
Cash share issue - 1,383,330 1,383,330
At 31 December 2024 (381,379 ) 3,242,399 2,861,020

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party