REGISTERED NUMBER: 08648280 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

ALBEMARLE PORTFOLIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Barker

Mrs C Barker

REGISTERED OFFICE:

Grove Barn

11 Silica Court

Kirk Sandall

Doncaster

South Yorkshire

DN3 1EG

REGISTERED NUMBER:

08648280 (England and Wales)

AUDITORS:

Leesing Marrison Lee & Co

Chartered Certified Accountants

Register Auditor

46 Main Street

Mexborough

South Yorkshire

S64 9DU

FIXED ASSETS

Tangible assets

4

77

103

Investment property

5

5,145,000

3,890,315

5,145,077

3,890,418

CURRENT ASSETS

Debtors

6

1,054

4,827

Cash at bank

72,150

64,207

73,204

69,034

CREDITORS

Amounts falling due within one year

7

655,622

391,105

NET CURRENT LIABILITIES

(582,418

)

(322,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,562,659

3,568,347

CREDITORS

Amounts falling due after more than one year

8

(2,598,500

)

(1,900,000

)

PROVISIONS FOR LIABILITIES

(394,830

)

(331,513

)

NET ASSETS

1,569,329

1,336,834

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,569,229

1,336,734

SHAREHOLDERS' FUNDS

1,569,329

1,336,834

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 Board of Directors and authorised for issue on 2nd January 2026 and were signed on its behalf by:

Mrs C Barker - Director

1.	STATUTORY INFORMATION

Albemarle Portfolio 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.

Turnover

The turnover of the company represents rental income earned during the financial year from investment properties. Rental income is recognised on a straight-line basis over the lease term in accordance with the terms of the rental agreements.

The rental income is derived solely from the company’s investment properties, and there are no other significant revenue streams during the financial year.

Turnover has been recognised in accordance with the provisions of Section 23 of FRS 102: Revenue, and is stated net of value-added tax where applicable.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st October 2024

and 30th September 2025

1,870

DEPRECIATION

At 1st October 2024

1,767

Charge for year

26

At 30th September 2025

1,793

NET BOOK VALUE

At 30th September 2025

77

At 30th September 2024

103

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2024

3,890,315

Additions

1,002,980

Revaluations

251,705

At 30th September 2025

5,145,000

NET BOOK VALUE

At 30th September 2025

5,145,000

At 30th September 2024

3,890,315

Fair value at 30th September 2025 is represented by:

£

Valuation in 2017

42,000

Valuation in 2020

326,657

Valuation in 2022

239,270

Valuation in 2023

601,460

Valuation in 2024

118,152

Valuation in 2025

251,705

Cost

3,565,756

5,145,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other debtors

1,054

4,827

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

277,401

5,219

Amounts owed to group undertakings

322,458

332,768

Taxation and social security

14,651

12,174

Other creditors

41,112

40,944

655,622

391,105

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

2,598,500

1,900,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

2,598,500

1,900,000

Bank borrowings are secured by fixed and floating charges over the company's assets.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Tippett (Senior Statutory Auditor)

for and on behalf of Leesing Marrison Lee & Co

11.	RELATED PARTY DISCLOSURES

The directors are interested as directors in Albemarle Homes Limited, Skyblu Limited and Logical Plumbing Solutions Limited and are directors and shareholders in Albemarle Holdings Limited.

During the year, the company purchased investment property from Albemarle Homes Limited of £850,000 (2024: £500,000). During the year, the company received rent from Albemarle Homes Limited totalling £46,800 (2024: £46,800) and paid for services of £25,038 (2024: Nil). At the balance sheet date an amount of £273,680 (2024: Nil) is owed by the company and included in Trade creditors.

There is a balance due to Skyblu Limited at the balance sheet date of £82,904 (2024: £93,214). During the year, Skyblu Limited charged interest to the company of £338 (2024: £592) on the outstanding loan balance.

During the year, the company made purchases of £5,714 (2024: £2,414) from Logical Plumbing Solutions Limited. At the balance sheet date an amount of £2,604 (2024: Nil) is owed by the company and included in Trade creditors.

There is a balance due to Albemarle Holdings Limited at the balance sheet date of £239,554 (2024: £239,554) which is included in Other creditors.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Albemarle Holdings Limited.

The directors owning the entire issued share capital of the controlling party exercised control over the company.