Registration number: 03516716

32-34 Albion Road Residents Ltd

(Registration number: 03516716)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	43,052	43,052
Current assets
Debtors	4	17	17
Net assets		43,069	43,069
Capital and reserves
Called up share capital	5	17	17
Retained earnings		43,052	43,052
Shareholders' funds		43,069	43,069

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2025 and signed on its behalf by:
 

......................................... R McCann Director

32-34 Albion Road Residents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 South Parade
Stafford Road
Wallington
Surrey
SM6 9AJ

These financial statements were authorised for issue by the Board on 16 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

32-34 Albion Road Residents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 March 2024	43,052	43,052
At 28 February 2025	43,052	43,052
Depreciation
Carrying amount
At 28 February 2025	43,052	43,052
At 29 February 2024	43,052	43,052

Included within the net book value of land and buildings above is £43,052 (2024 - £43,052) in respect of freehold land and buildings.
 

4

Debtors

Current	2025 £	2024 £
Other debtors	17	17
	17	17

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	17	17	17	17

6	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).