Algen Limited

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

Registered number: 01952299

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		150,208		150,245

			150,208		150,245
CURRENT ASSETS
Stocks	5	834		882
Debtors	6	505		1,182
Cash at bank and in hand		335		310

		1,674		2,374
Creditors: Amounts Falling Due Within One Year	7	(162,039 )		(146,292 )

NET CURRENT ASSETS (LIABILITIES)			(160,365 )		(143,918 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,157 )		6,327

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,395 )		(13,395 )

NET LIABILITIES			(23,552 )		(7,068 )

CAPITAL AND RESERVES
Called up share capital	8		150		150
Revaluation reserve	9		57,105		57,105
Profit and Loss Account			(80,807 )		(64,323 )

SHAREHOLDERS' FUNDS			(23,552)		(7,068)

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Algen Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 A G Nash

Director

8 November 2025

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

1. General Information

Algen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01952299 . The registered office is 2 Knowle Close, Langton Green, Tunbridge Wells, Kent, TN3 0EP.

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. Going Concern Disclosure

The directors will continue to support the company financially and therefore the going concern basis remains appropriate.

2.3. 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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Fixtures & Fittings	15% per annum on net book value
Computer Equipment	33.3% per annum on cost

The directors have considered the fair value of the trading property and believe the valuation remains at £150,000 and therefore no depreciation has been provided in the financial statements.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	150,000	16,712	166,712

As at 31 March 2025	150,000	16,712	166,712

Depreciation
As at 1 April 2024	-	16,467	16,467
Provided during the period	-	37	37

As at 31 March 2025	-	16,504	16,504

...CONTINUED

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Algen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	150,000	208	150,208

As at 1 April 2024	150,000	245	150,245

Land and buildings with a fair value of £150,000 were revalued at 31 March 2023 following a formal valuation and adjustments by the directors on the basis of open market value.

Cost or valuation as at 31 March 2025 represented by:

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
At cost	79,500	15,155	1,557	96,212
At valuation	70,500	-	-	70,500

	150,000	15,155	1,557	166,712

5. Stocks

	2025	2024
	£	£
Stock	834	882

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	68	685
Other debtors	437	497

	505	1,182

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	443	101
Other creditors	161,589	146,191
Taxation and social security	7	-

	162,039	146,292

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

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Algen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2024	57,105	(64,323 )
Loss for the year and total comprehensive income	-	(16,484 )

As at 31 March 2025	57,105	(80,807 )

10. Directors' transactions

The directors have loaned the company £160,891 at 31 March 2025 (2024: £145,441). These loans are interest free and repayable on demand.

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