Albany Property Services Limited - Accounts to registrar (filleted) - small 23.2.5

Albany Property Services Limited - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: 11125873 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ALBANY PROPERTY SERVICES LIMITED

ALBANY PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 11125873)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALBANY PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: J K Benning





REGISTERED OFFICE: Ewe Green
Hockley Road
Hatton
CV35 7HQ





REGISTERED NUMBER: 11125873 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

ALBANY PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 11125873)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,242,263
Investment property 5 621,131 -
621,131 1,242,263

CURRENT ASSETS
Debtors 6 159,088 -
Cash at bank 1,050 675
160,138 675
CREDITORS
Amounts falling due within one year 7 271,984 279,665
NET CURRENT LIABILITIES (111,846 ) (278,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,285

963,273

CREDITORS
Amounts falling due after more than one
year

8

482,461

1,005,100
NET ASSETS/(LIABILITIES) 26,824 (41,827 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,822 (41,829 )
26,824 (41,827 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ALBANY PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 11125873)

BALANCE SHEET - continued
31 DECEMBER 2022


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 2 October 2023 and were signed by:





J K Benning - Director


ALBANY PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 11125873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Albany Property Services 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

ALBANY PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 11125873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1 January 2022 1,078,914 163,349 1,242,263
Reclassification/transfer (1,078,914 ) (163,349 ) (1,242,263 )
At 31 December 2022 - - -
NET BOOK VALUE
At 31 December 2022 - - -
At 31 December 2021 1,078,914 163,349 1,242,263

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 4,999
Disposals (626,131 )
Reclassification/transfer 1,242,263
At 31 December 2022 621,131
NET BOOK VALUE
At 31 December 2022 621,131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 159,088 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 417 (1 )
Tax 6,513 -
Other creditors 215,549 230,461
Directors' current accounts 47,005 46,805
Accrued expenses 2,500 2,400
271,984 279,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank Loans 482,461 1,005,100

ALBANY PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 11125873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


9. ULTIMATE CONTROLLING PARTY

The controlling party is J K Benning.