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Company Registration No. 10591402 (England and Wales)
Albendan Limited Unaudited accounts for the year ended 31 January 2026
Albendan Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Albendan Limited Company Information for the year ended 31 January 2026
Director
Derek Watts
Company Number
10591402 (England and Wales)
Registered Office
HYPERION HOUSE 1ST FLOOR, THE OAKS FORDHAM ROAD NEWMARKET CB8 7XN ENGLAND
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Albendan Limited Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,465,323 
5,900,298 
Current assets
Inventories
307,672 
307,672 
Debtors
5
7,497,999 
7,804,740 
Cash at bank and in hand
248,626 
191,065 
8,054,297 
8,303,477 
Creditors: amounts falling due within one year
6
(1,470,235)
(1,541,508)
Net current assets
6,584,062 
6,761,969 
Total assets less current liabilities
13,049,385 
12,662,267 
Creditors: amounts falling due after more than one year
7
(16,277,998)
(16,580,548)
Net liabilities
(3,228,613)
(3,918,281)
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
(3,228,763)
(3,918,431)
Shareholders' funds
(3,228,613)
(3,918,281)
For the year ending 31 January 2026 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2026 and were signed on its behalf by
Derek Watts Director Company Registration No. 10591402
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Albendan Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Albendan Limited is a private company, limited by shares, registered in England and Wales, registration number 10591402. The registered office is HYPERION HOUSE 1ST FLOOR, THE OAKS, FORDHAM ROAD, NEWMARKET, CB8 7XN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 February 2025
5,899,561 
- 
8,845 
5,908,406 
Additions
50,000 
23,500 
- 
73,500 
Revaluations
493,047 
- 
- 
493,047 
At 31 January 2026
6,442,608 
23,500 
8,845 
6,474,953 
Depreciation
At 1 February 2025
- 
- 
8,108 
8,108 
Charge for the year
- 
785 
737 
1,522 
At 31 January 2026
- 
785 
8,845 
9,630 
Net book value
At 31 January 2026
6,442,608 
22,715 
- 
6,465,323 
At 31 January 2025
5,899,561 
- 
737 
5,900,298 
- 5 -
Albendan Limited Notes to the Accounts for the year ended 31 January 2026
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
VAT
4,266 
- 
Trade debtors
91,483 
234,835 
Amounts due from group undertakings etc.
975,825 
1,390,946 
Deferred tax asset
502,499 
742,617 
Accrued income and prepayments
477,060 
476,717 
Other debtors
(50)
20,502 
2,051,083 
2,865,617 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
5,446,916 
4,939,123 
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
VAT
- 
3,731 
Trade creditors
(191)
10,790 
Taxes and social security
- 
869 
Other creditors
79,099 
69,807 
Loans from directors
1,371,125 
1,428,880 
Accruals
5,700 
13,200 
Deferred income
14,502 
14,231 
1,470,235 
1,541,508 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Amounts owed to group undertakings and other participating interests
2,989,370 
3,089,370 
Other creditors
13,288,628 
13,491,178 
16,277,998 
16,580,548 
- 6 -
Albendan Limited Notes to the Accounts for the year ended 31 January 2026
8
Transactions with related parties
Shareholders Ownership and control At the beginning of the year the shareholders were owed £ 13,491,177.73 from the company. During the year, the shareholders provided additional loans to the company of £202,550. As of 31st January 2026, the balance of the loan was £13,288,628. This loan is interest free and has no formal repayment terms, it has therefore been included within creditors falling due after more than one year. TC Property Developments Ltd Common Management The company invoiced a third party for works carried out by T C Property. The amount concerned was £195,859. This was repayable on demand. The balance has been included within 'Amounts owed to related parties' The company has also undertaken a build project with TC Properties to build a house for cost plus a 15% mark up. These costs have been included within cost of sales and held as work in progress at year end. The total expenditure during the year was NIL (2025:£15,859). Benaldan Loan Common Management The opening Inter-Company loan was £3,089,370. During the year, the loan was returned by £100,000. Thereby the closing balance £2,989,370.05.
9
Average number of employees
During the year the average number of employees was 1 (2025: 3).
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