ALBION YARD PROPERTIES LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 16041170

		31 October 2025
	Notes	£	£
FIXED ASSETS
Investment Properties	4		646,238

			646,238
CURRENT ASSETS
Stocks	5	151,552
Debtors	6	23,830
Cash at bank and in hand		13,026

		188,408
Creditors: Amounts Falling Due Within One Year	7	(865,715 )

NET CURRENT ASSETS (LIABILITIES)			(677,307 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(31,069 )

NET LIABILITIES			(31,069 )

CAPITAL AND RESERVES
Called up share capital	8		1
Profit and Loss Account			(31,070 )

SHAREHOLDERS' FUNDS			(31,069)

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ALBION YARD PROPERTIES LIMITED

Balance Sheet (continued)

As At 31 October 2025

For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Ralf Little

Director

23 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

ALBION YARD PROPERTIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 16041170 . The registered office is C/O Cantelowes Limited, 1 Royal Exchange Avenue, London, EC3V 3LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value, 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. These are the company’s first financial statements and cover the period from incorporation on 25 October 2024 to 31 October 2025. The financial statements are presented in sterling, which is the company’s functional currency, and are rounded to the nearest pound.

2.2. Going Concern Disclosure

At 31 October 2025 the company had net current liabilities of £677,307 and net liabilities of £31,069. The company is financed by bridging loans secured on its properties, which are repayable within twelve months of drawdown, and by an unsecured, interest-free loan from the director of £507,486, which is repayable on demand. The director has confirmed that he will continue to provide financial support to the company and will not seek repayment of his loan until the company is able to repay it without prejudicing its ability to meet its other liabilities as they fall due. Having considered the company’s expected cash flows covering a period of at least twelve months from the date of approval of these financial statements, the director considers it appropriate to prepare the financial statements on the going concern basis.

2.3. Turnover

Turnover comprises rental income receivable from the letting of the company’s investment properties under operating leases. Rental income is recognised on a straight-line basis over the term of the lease.

2.4. Investment Properties

Investment property comprises residential property held to earn rentals or for capital appreciation, or both, including property being refurbished for future use as investment property. Investment property is initially recognised at cost, which comprises the purchase price and directly attributable expenditure, including land transaction tax, legal fees, sourcing fees and refurbishment costs incurred to bring the property into a lettable condition. Investment property is subsequently measured at fair value at each reporting date, determined by the director. Changes in fair value are recognised in profit or loss. No depreciation is provided. Deferred tax is recognised on fair value gains and losses at the tax rates expected to apply when the property is sold.

2.5. Stocks and Work in Progress

Stock comprises property acquired and being refurbished for resale. It is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the purchase price, land transaction tax, legal and other directly attributable acquisition costs, and refurbishment costs incurred to the reporting date. Finance costs are recognised in profit or loss as incurred. At each reporting date stock is assessed for impairment, and any impairment loss is recognised immediately in profit or loss.

2.6. Financial Instruments

The company has elected to apply the provisions of Sections 11 Basic Financial Instruments and 12 Other Financial Instruments Issues of FRS 102. Loans, including bridging loans, are initially recognised at the transaction price net of transaction costs and are subsequently measured at amortised cost using the effective interest method. Arrangement fees, lender legal costs and exit fees are recognised in profit or loss over the term of the loan as part of the finance cost. Interest retained by the lender at drawdown is recognised as a prepayment and charged to profit or loss as it accrues. Amounts owed to the director and by group undertakings that are repayable on demand are measured at the undiscounted amount of cash expected to be paid or received. Trade creditors are measured at the transaction price.

3. Average Number of Employees

Average number of employees during the period was: NIL

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ALBION YARD PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For the Period 25 October 2024 to 31 October 2025

4. Investment Property

	31 October 2025
	£
Fair Value
As at 25 October 2024	-
Additions	646,238

As at 31 October 2025	646,238

The investment properties were acquired and refurbished during the period. The fair value at 31 October 2025 has been determined by the director by reference to the properties’ acquisition and refurbishment costs, which in the director’s opinion represent the best evidence of fair value at the reporting date because of the recent arm’s length purchases. The valuation was not carried out by an independent valuer. On the historical cost basis, investment property would have been included at £646,238.

5. Stocks

	31 October 2025
	£
Stock	151,552

6. Debtors

	31 October 2025
	£
Due within one year
Prepayments and accrued income	22,559
Amounts owed by group undertakings	1,271

	23,830

7. Creditors: Amounts Falling Due Within One Year

	31 October 2025
	£
Trade creditors	22,425
Other loans	335,804
Other creditors	507,486

	865,715

Other loans of £335,804 are secured by first legal charges over the company’s properties and a debenture over the company’s assets, and are personally guaranteed by the director. The loans are repayable within twelve months of drawdown.

8. Share Capital

	31 October 2025
	£
Allotted, Called up and fully paid	1

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ALBION YARD PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For the Period 25 October 2024 to 31 October 2025

9. Related Party Transactions

At 31 October 2025 the company owed £507,486 to the director, Mr R Little. The loan is unsecured, interest-free and repayable on demand.

The director has provided personal guarantees in respect of the company’s bridging loans (note 7).

The company has taken advantage of the exemption in FRS 102 Section 1A not to disclose transactions with other wholly owned members of the group.

The company’s immediate and ultimate parent undertaking is Abdale STR Limited, a company incorporated in England and Wales, whose registered office is C/O Cantelowes Limited, 1 Royal Exchange Avenue, London, EC3V 3LT. Abdale STR Limited does not prepare consolidated financial statements. The ultimate controlling party is Mr R Little by virtue of his shareholding in Abdale STR Limited.

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