Albion Rye Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11391423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Albion Rye Associates Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

J Byrne

REGISTERED OFFICE:

The Beehive

Beehive Ring Road

Gatwick

RH6 0PA

REGISTERED NUMBER:

11391423 (England and Wales)

ACCOUNTANTS:

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Albion Rye Associates Limited for the year ended 31 May 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Albion Rye Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Albion Rye Associates Limited and state those matters that we have agreed to state to the director of Albion Rye Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Albion Rye Associates Limited and its director for our work or for this report.

It is your duty to ensure that Albion Rye Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Albion Rye Associates Limited. You consider that Albion Rye Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Albion Rye Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

26 May 2026

FIXED ASSETS

Tangible assets

4

141,909

191,100

141,909

191,100

CURRENT ASSETS

Debtors

5

601,935

774,022

Cash at bank

61

33,041

601,996

807,063

CREDITORS

Amounts falling due within one year

6

838,566

528,538

NET CURRENT (LIABILITIES)/ASSETS

(236,570

)

278,525

TOTAL ASSETS LESS CURRENT
LIABILITIES

(94,661

)

469,625

CREDITORS

Amounts falling due after more than one
year

7

(218,395

)

(334,804

)

PROVISIONS FOR LIABILITIES

(118,420

)

(23,272

)

NET (LIABILITIES)/ASSETS

(431,476

)

111,549

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(431,576

)

111,449

(431,476

)

111,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 26 May 2026 and were signed by:

J Byrne - Director

1.	STATUTORY INFORMATION

Albion Rye Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The director has confirmed that he will continue to support the company for at least the next twelve months and has the financial resources to do so. The director is therefore satisfied that the going concern basis remains appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Fixtures and Fittings - 20% per annum on cost

Computer Equipment - 33% per annum on cost

Motor Vehicles - over 5 years

Property - over 10 years

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Property

fittings

vehicles

equipment

Totals

£

COST

At 1 June 2024

85,000

46,480

92,136

16,525

240,141

Disposals

-

(33,836

)

-

(33,836

)

At 31 May 2025

85,000

12,644

92,136

16,525

206,305

DEPRECIATION

At 1 June 2024

4,375

24,382

9,214

11,070

49,041

Charge for year

7,500

15,490

18,427

3,121

44,538

Eliminated on disposal

-

(29,183

)

-

(29,183

)

At 31 May 2025

11,875

10,689

27,641

14,191

64,396

NET BOOK VALUE

At 31 May 2025

73,125

1,955

64,495

2,334

141,909

At 31 May 2024

80,625

22,098

82,922

5,455

191,100

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

321,725

339,024

Other debtors

7,500

113,126

Directors' current accounts

166,015

143,938

Prepayments and accrued income

44,852

123,542

540,092

719,630

Amounts falling due after more than one year:

Tax

61,843

54,392

Aggregate amounts

601,935

774,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,500

-

Other loans

89,604

69,723

Hire purchase contracts

25,463

23,510

Trade creditors

47,533

98,794

Corporation tax

36,150

28,699

Social security and other taxes

292,633

162,426

Other creditors

270,683

58,089

Accruals and deferred income

69,000

87,297

838,566

528,538

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

-

15,000

Other loans - 1-2 years

68,864

89,604

Other loans - 2-5 years

30,332

81,032

Hire purchase contracts

119,199

149,168

218,395

334,804

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

33,454

45,386

8.	SECURED DEBTS

Giant Finance + Ltd hold a fixed and floating charge date 11 July 2022 over the company.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

J Byrne

Balance outstanding at start of year

143,937

172,787

Amounts advanced

346,745

322,200

Amounts repaid

(324,667

)

(351,050

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

166,015

143,937

10.	POST BALANCE SHEET EVENTS

The directors have taken several strategic actions to improve the financial performance and long-term position of the company following the losses incurred during the year ended 31 May 2025.

A significant proportion of the losses related to exceptional costs arising from the company's exit from an onerous office lease commitment. During 2026, the company successfully relocated to new premises on substantially more favourable terms, resulting in a material reduction in ongoing operating costs and an improved cost base going forward.

In addition, trading conditions within the company's market sector have improved following the downturn experienced during 2025. As such the directors are predicting good profits in the year ended 31 May 2026.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Byrne.