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REGISTERED NUMBER: SC072229 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Albany Studios and Services Limited

Albany Studios and Services Limited (Registered number: SC072229)






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


Albany Studios and Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: I D Truscott





REGISTERED OFFICE: 3 Cluny Avenue
Edinburgh
EH10 4RN





REGISTERED NUMBER: SC072229 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Albany Studios and Services Limited (Registered number: SC072229)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 395,572 396,048

CURRENT ASSETS
Cash at bank 139,811 123,325

CREDITORS
Amounts falling due within one year 5 5,490 8,016
NET CURRENT ASSETS 134,321 115,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,893

511,357

CREDITORS
Amounts falling due after more than one
year

6

33,590

33,590
NET ASSETS 496,303 477,767

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 496,203 477,667
SHAREHOLDERS' FUNDS 496,303 477,767

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 25 June 2025 and were signed by:




I D Truscott - Director


Albany Studios and Services Limited (Registered number: SC072229)

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

1. STATUTORY INFORMATION

Albany Studios and Services Limited is a private company, limited by shares , registered in Scotland. 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

Albany Studios and Services Limited (Registered number: SC072229)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 409,326
DEPRECIATION
At 1 January 2024 13,278
Charge for year 476
At 31 December 2024 13,754
NET BOOK VALUE
At 31 December 2024 395,572
At 31 December 2023 396,048

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 409,326

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 4,577 3,701
Other creditors 913 4,315
5,490 8,016

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 33,590 33,590

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end there was an amount due to Mr Truscott of £13(2022:£2,515).