REGISTERED NUMBER: SC251460 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2026

for

Albacove Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Moyes

Mrs C Moyes

SECRETARY:

Mrs C Moyes

REGISTERED OFFICE:

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC251460 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

1,032,808

750,000

CURRENT ASSETS

Debtors

5

-

12,367

Cash at bank and in hand

5,082

1,502

5,082

13,869

CREDITORS

Amounts falling due within one year

6

(93,342

)

(46,289

)

NET CURRENT LIABILITIES

(88,260

)

(32,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

944,548

717,580

CREDITORS

Amounts falling due after more than one year

7

(570,163

)

(329,705

)

NET ASSETS

374,385

387,875

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

199,985

199,985

Retained earnings

174,399

187,889

SHAREHOLDERS' FUNDS

374,385

387,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

K A Moyes - Director

1.	STATUTORY INFORMATION

Albacove Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net property rental income

Tangible fixed assets

No depreciation is provided in respect of investment property. This constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their economic useful lives and is necessary to enable the financial statements to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 July 2025

750,000

Additions

282,808

At 30 June 2026

1,032,808

NET BOOK VALUE

At 30 June 2026

1,032,808

At 30 June 2025

750,000

The property is stated at the director's current valuation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Other debtors

-

12,367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Bank loans and overdrafts

11,438

11,379

Taxation and social security

2,602

-

Other creditors

79,302

34,910

93,342

46,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.26

30.6.25

£

£

Bank loans

547,665

309,151

Other creditors

22,498

20,554

570,163

329,705

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.26

30.6.25

£

£

Bank loans

559,103

320,530

The bank borrowings are secured by a charge over the company's property and by a bond and floating charge.

9.	RELATED PARTY DISCLOSURES

At the date of the accounts £73,292 (2025:£28,992) was owed to Libero Sport and Education Ltd. A company under common control.