Albemarle Homes Limited - Accounts to registrar (filleted) - small 18.2

Albemarle Homes Limited - Accounts to registrar (filleted) - small 18.2

ALBEMARLE HOMES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.3.2.199 08525773 Board of Directors 1.9.18 31.8.19 31.8.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure085257732018-08-31085257732019-08-31085257732018-09-012019-08-31085257732017-08-31085257732017-09-012018-08-31085257732018-08-3108525773ns15:EnglandWales2018-09-012019-08-3108525773ns14:PoundSterling2018-09-012019-08-3108525773ns10:Director12018-09-012019-08-3108525773ns10:PrivateLimitedCompanyLtd2018-09-012019-08-3108525773ns10:SmallEntities2018-09-012019-08-3108525773ns10:AuditExempt-NoAccountantsReport2018-09-012019-08-3108525773ns10:SmallCompaniesRegimeForDirectorsReport2018-09-012019-08-3108525773ns10:SmallCompaniesRegimeForAccounts2018-09-012019-08-3108525773ns10:FullAccounts2018-09-012019-08-3108525773ns10:Director22018-09-012019-08-3108525773ns10:RegisteredOffice2018-09-012019-08-3108525773ns5:CurrentFinancialInstruments2019-08-3108525773ns5:CurrentFinancialInstruments2018-08-3108525773ns5:ShareCapital2019-08-3108525773ns5:ShareCapital2018-08-3108525773ns5:RetainedEarningsAccumulatedLosses2019-08-3108525773ns5:RetainedEarningsAccumulatedLosses2018-08-3108525773ns5:FurnitureFittings2018-09-012019-08-3108525773ns5:ComputerEquipment2018-09-012019-08-3108525773ns5:FurnitureFittings2018-08-3108525773ns5:ComputerEquipment2018-08-3108525773ns5:FurnitureFittings2019-08-3108525773ns5:ComputerEquipment2019-08-3108525773ns5:FurnitureFittings2018-08-3108525773ns5:ComputerEquipment2018-08-3108525773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-08-3108525773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-08-31


REGISTERED NUMBER: 08525773 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

FOR

ALBEMARLE HOMES LIMITED
ALBEMARLE HOMES LIMITED (REGISTERED NUMBER: 08525773)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALBEMARLE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2019







DIRECTORS: D Barker
Mrs C Barker





REGISTERED OFFICE: 24 Cantley Lane
Bessacarr
Doncaster
South Yorkshire
DN4 6ND





REGISTERED NUMBER: 08525773 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU
Page 1
ALBEMARLE HOMES LIMITED (REGISTERED NUMBER: 08525773)

BALANCE SHEET
31 AUGUST 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,783 2,585

CURRENT ASSETS
Stocks 1,548,770 768,000
Debtors 5 55,006 33,231
Cash at bank 1,299,082 258,575
2,902,858 1,059,806
CREDITORS
Amounts falling due within one year 6 2,471,547 771,435
NET CURRENT ASSETS 431,311 288,371
TOTAL ASSETS LESS CURRENT
LIABILITIES
433,094
290,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 432,994 290,856
SHAREHOLDERS' FUNDS 433,094 290,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 31 January 2020 and were signed on its behalf by:





D Barker - Director


The notes form part of these financial statements

Page 2
ALBEMARLE HOMES LIMITED (REGISTERED NUMBER: 08525773)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

1. STATUTORY INFORMATION

Albemarle Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 3 continued...
ALBEMARLE HOMES LIMITED (REGISTERED NUMBER: 08525773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2019

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2018
and 31 August 2019 610 6,093 6,703
DEPRECIATION
At 1 September 2018 220 3,898 4,118
Charge for year 78 724 802
At 31 August 2019 298 4,622 4,920
NET BOOK VALUE
At 31 August 2019 312 1,471 1,783
At 31 August 2018 390 2,195 2,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 1,855 26,463
Other debtors 53,151 6,768
55,006 33,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 554,877 565,726
Taxation and social security 48,740 25,190
Other creditors 1,867,930 180,519
2,471,547 771,435

7. RELATED PARTY DISCLOSURES

The directors are interested as directors in Albemarle Portfolio Limited and as directors and shareholders in Skyblu
Limited.

During the year, the company made sales to Albemarle Portfolio Limited in the amount of £100,000 (2018:
£400,000). There is no balance due from Albemarle Portfolio Limited at the balance sheet date (2018: £65,000
creditor).

During the year, the company advanced £20,000 (2018: £NIL) to Skyblu Limited and paid for services from
Skyblu Limited in the amount of £11,067 (2018: £2,686). There is a balance of £20,000 (2018: £24,743 creditor)
due from Skyblu Limited at the balance sheet date and is included in Other Debtors.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Albemarle Holdings Limited.

The directors owning the entire issued share capital of the controlling party exercised control over the company.

Page 4