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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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ALBERT ROAD DEVELOPMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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FOR |
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ALBERT ROAD DEVELOPMENTS LIMITED |
ALBERT ROAD DEVELOPMENTS LIMITED (Registered number: 05619088) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ALBERT ROAD DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Unit 3, 1st Floor North |
Cavendish House |
369-391 Burnt Oak Broadway |
Edgware |
Middlesex |
HA8 5AW |
ALBERT ROAD DEVELOPMENTS LIMITED (Registered number: 05619088) |
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BALANCE SHEET |
30 NOVEMBER 2022 |
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30.11.22 | 30.11.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
ALBERT ROAD DEVELOPMENTS LIMITED (Registered number: 05619088) |
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BALANCE SHEET - continued |
30 NOVEMBER 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ALBERT ROAD DEVELOPMENTS LIMITED (Registered number: 05619088) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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1. | STATUTORY INFORMATION |
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ALBERT ROAD DEVELOPMENTS LIMITED is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Going concern |
In March 2020 the World Health Organisation (WHO) declared Covid-19 as a worldwide pandemic. There has been no material impact on the financial position of the company as a result. In relation to this the directors have continued to review the company's performance, and have implemented a plan for the future. As a result, they believe that the preparation of the financial statements on the going concern basis is appropriate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ALBERT ROAD DEVELOPMENTS LIMITED (Registered number: 05619088) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 December 2021 |
and 30 November 2022 |
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NET BOOK VALUE |
At 30 November 2022 |
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At 30 November 2021 |
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Fair value at 30 November 2022 is represented by: |
£ |
Valuation in 2013 | 4,545 |
Valuation in 2019 | 150,000 |
Cost | 195,455 |
350,000 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.22 | 30.11.21 |
£ | £ |
Directors' current accounts | 73,744 | 73,731 |
Accruals and deferred income |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.11.22 | 30.11.21 |
£ | £ |
Bank loans more 5 yrs non-inst | 134,411 | 134,411 |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.11.22 | 30.11.21 |
£ | £ |
Mortgage | 134,411 | 134,411 |
ALBERT ROAD DEVELOPMENTS LIMITED (Registered number: 05619088) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
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8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 December 2021 |
and 30 November 2022 |
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