REGISTERED NUMBER: 08627693 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hyde Albion Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Jackson

SECRETARY:

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Canary Wharf

London

E14 9XL

REGISTERED NUMBER:

08627693 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Tangible assets

4

1,812,103

1,312,594

Investment property

5

620,000

620,000

2,432,103

1,932,594

CURRENT ASSETS

Debtors

6

1,192,646

687,542

Cash at bank

307,257

549,759

1,499,903

1,237,301

CREDITORS

Amounts falling due within one year

7

1,672,986

1,280,311

NET CURRENT LIABILITIES

(173,083

)

(43,010

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,259,020

1,889,584

CREDITORS

Amounts falling due after more than one year

8

(26,885

)

(296,784

)

PROVISIONS FOR LIABILITIES

(451,174

)

(316,131

)

NET ASSETS

1,780,961

1,276,669

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,780,861

1,276,569

1,780,961

1,276,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 20 June 2025 and were signed by:

R Jackson - Director

1.	STATUTORY INFORMATION

Hyde Albion 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.

Turnover

Turnover is rental income of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 3 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Leasehold

to

and

Computer

improvements

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

46,746

826,773

680,919

63,228

1,617,666

Additions

-

-

672,469

29,577

702,046

Disposals

(26,627

)

-

-

-

(26,627

)

At 31 March 2025

20,119

826,773

1,353,388

92,805

2,293,085

DEPRECIATION

At 1 April 2024

11,133

158,680

119,244

16,015

305,072

Charge for year

3,353

68,677

90,188

15,467

177,685

Eliminated on disposal

(1,775

)

-

-

-

(1,775

)

At 31 March 2025

12,711

227,357

209,432

31,482

480,982

NET BOOK VALUE

At 31 March 2025

7,408

599,416

1,143,956

61,323

1,812,103

At 31 March 2024

35,613

668,093

561,675

47,213

1,312,594

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

620,000

NET BOOK VALUE

At 31 March 2025

620,000

At 31 March 2024

620,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

134,500

64,424

Amounts owed by group undertakings

1,018,595

552,996

Other debtors

39,551

70,122

1,192,646

687,542

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,482

5,482

Trade creditors

184,805

166,884

Taxation and social security

60,249

129,079

Other creditors

1,422,450

978,866

1,672,986

1,280,311

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

26,885

32,455

Other creditors

-

264,329

26,885

296,784

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Garmoyle Holdings Limited.

The ultimate controlling party is R Jackson.