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REGISTERED NUMBER: 08274751 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ALBION DRIVE LIMITED

ALBION DRIVE LIMITED (REGISTERED NUMBER: 08274751)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALBION DRIVE LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J C Spearing





SECRETARY: Miss D A Garrett





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 08274751 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

ALBION DRIVE LIMITED (REGISTERED NUMBER: 08274751)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 6,900 6,900

CURRENT ASSETS
Debtors 5 184 973
Cash in hand 197 197
381 1,170
CREDITORS
Amounts falling due within one year 6 146 149
NET CURRENT ASSETS 235 1,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,135

7,921

PROVISIONS FOR LIABILITIES 1,311 1,311
NET ASSETS 5,824 6,610

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 5,588 5,588
Retained earnings 136 922
SHAREHOLDERS' FUNDS 5,824 6,610

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.

ALBION DRIVE LIMITED (REGISTERED NUMBER: 08274751)

Statement of Financial Position - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





J C Spearing - Director


ALBION DRIVE LIMITED (REGISTERED NUMBER: 08274751)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Albion Drive 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 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 6,900
NET BOOK VALUE
At 31 December 2024 6,900
At 31 December 2023 6,900

ALBION DRIVE LIMITED (REGISTERED NUMBER: 08274751)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 6,899
Cost 1
6,900

If investment land had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 1 1

Investment freehold land was valued on an open market basis on 31 December 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 184 973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 41 40
Taxation and social security 105 109
146 149

7. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 5,588