Albemarle Bennick Ltd


Directors	Jason Borrows
	Daniel Isaacs


Registered Address	2nd Floor 10-12 Bourlet Close
	London
	W1W 7BR


Registered Number	12716634 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		600,000		600,000
			600,000		600,000
Current assets
Debtors	4	44,777		13,979
Cash at bank and on hand		7,407		7,817
		52,184		21,796
Creditors amounts falling due within one year	5	(571,718)		(546,100)
Net current assets (liabilities)			(519,534)		(524,304)
Total assets less current liabilities			80,466		75,696
Provisions for liabilities	6		(22,632)		(22,632)
Net assets			57,834		53,064
Capital and reserves
Called up share capital			400		400
Revaluation reserve			67,896		67,896
Profit and loss account			(10,462)		(15,232)
Shareholders' funds	7		57,834		53,064

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 April 2026, and are signed on its behalf by:

Jason Borrows
Director
Registered Company No. 12716634

Albemarle Bennick Ltd

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the net value of rent received as per rental agreement

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	Investment properties are stated at their open market valuations which according to the directors reflect the fair value at the reporting date. Changes to the fair value of the property at each reporting date are recognised in the profit and loss account. No description is provided in respect of freehold properties which are classified as investment properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held to earn rentals or for capital appreciation and the director consider that to depreciate them would not give a true and fair view. In the opinion of directors' the adoption of this policy has no material impact on result of the year.

Investment property

Investment properties are stated at their open market valuations which according to the directors reflect the fair value at the reporting date. Changes to the fair value of the property at each reporting date are recognised in the profit and loss account.
No description is provided in respect of freehold properties which are classified as investment properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held to earn rentals or for capital appreciation and the director consider that to depreciate them would not give a true and fair view.

In the opinion of directors' the adoption of this policy has no material impact on result of the year.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 August 24	600,000	600,000
At 31 July 25	600,000	600,000
Net book value
At 31 July 25	600,000	600,000
At 31 July 24	600,000	600,000


	Freehold land and buildings: 2025 2024 Historical cost £509,472 £509,472 The investment property was valued by the directors of the company and the amount shown reflects the fair market value at the balance sheet date.

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	44,232	13,652
Other debtors	200	-
Prepayments and accrued income	345	327
Total	44,777	13,979

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	1,118	-
Other creditors	568,800	544,600
Accrued liabilities and deferred income	1,800	1,500
Total	571,718	546,100

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	22,632	22,632
Total	22,632	22,632

7.	Revaluation reserve


		£
	Reserve at 01 August 24	67,896
	At 31 July 25	67,896

8.	Controlling party
	There is no ultimate controlling party.