Acorah Software Products - Accounts Production 19.1.200 false true 31 May 2024 16 May 2023 false 1 June 2024 31 May 2025 31 May 2025 14871231 Mr Michael Clay Mr Andrew Graham Mr Grahame Birchall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14871231 2024-05-31 14871231 2025-05-31 14871231 2024-06-01 2025-05-31 14871231 frs-core:CurrentFinancialInstruments 2025-05-31 14871231 frs-core:Non-currentFinancialInstruments 2025-05-31 14871231 frs-core:ShareCapital 2025-05-31 14871231 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 14871231 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14871231 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 14871231 frs-bus:SmallEntities 2024-06-01 2025-05-31 14871231 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 14871231 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 14871231 frs-bus:Director1 2024-06-01 2025-05-31 14871231 frs-bus:Director2 2024-06-01 2025-05-31 14871231 frs-bus:Director3 2024-06-01 2025-05-31 14871231 frs-core:CurrentFinancialInstruments 1 2025-05-31 14871231 frs-core:Non-currentFinancialInstruments 1 2025-05-31 14871231 frs-core:CurrentFinancialInstruments 2 2025-05-31 14871231 frs-core:Non-currentFinancialInstruments 2 2025-05-31 14871231 frs-core:CurrentFinancialInstruments 3 2025-05-31 14871231 frs-countries:EnglandWales 2024-06-01 2025-05-31 14871231 2023-05-15 14871231 2024-05-31 14871231 2023-05-16 2024-05-31 14871231 frs-core:CurrentFinancialInstruments 2024-05-31 14871231 frs-core:Non-currentFinancialInstruments 2024-05-31 14871231 frs-core:ShareCapital 2024-05-31 14871231 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14871231 frs-core:CurrentFinancialInstruments 1 2024-05-31 14871231 frs-core:Non-currentFinancialInstruments 1 2024-05-31 14871231 frs-core:CurrentFinancialInstruments 2 2024-05-31 14871231 frs-core:Non-currentFinancialInstruments 2 2024-05-31 14871231 frs-core:CurrentFinancialInstruments 3 2024-05-31
Registered number: 14871231
AIG Albion Place Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14871231
31 May 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,699,326 2,992,416
4,699,326 2,992,416
CURRENT ASSETS
Debtors 5 121,070 68,604
Cash at bank and in hand 13,592 4,229
134,662 72,833
Creditors: Amounts Falling Due Within One Year 6 (809,542 ) (298,152 )
NET CURRENT ASSETS (LIABILITIES) (674,880 ) (225,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,024,446 2,767,097
Creditors: Amounts Falling Due After More Than One Year 7 (4,807,897 ) (3,146,039 )
NET LIABILITIES (783,451 ) (378,942 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (783,452 ) (378,943 )
SHAREHOLDERS' FUNDS (783,451) (378,942)
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Clay
Director
20th May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AIG Albion Place Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14871231 . The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property
31 May 2025
£
Fair Value
As at 1 June 2024 2,992,416
Additions 1,706,910
As at 31 May 2025 4,699,326
5. Debtors
31 May 2025 31 May 2024
£ £
Due within one year
Prepayments and accrued income 34,076 38,335
AIGN Milton 35,001 1
Arcvelop 10,000 -
VAT 41,993 27,268
Directors' loan accounts - 3,000
121,070 68,604
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Page 4
6. Creditors: Amounts Falling Due Within One Year
31 May 2025 31 May 2024
£ £
Trade creditors 2,500 187,011
AIG East Ltd (89,999 ) 110,001
AIG Albion Place (Land) 475,588 -
AIG South Holdings 420,313 -
Accruals and deferred income 1,140 1,140
809,542 298,152
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2025 31 May 2024
£ £
Bank loans 3,682,997 1,601,039
Peter West loan 500,000 500,000
B&J Harris Ltd loan 451,000 571,000
Phil West loan 173,900 474,000
4,807,897 3,146,039
8. Share Capital
31 May 2025 31 May 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4