Company Registration No. 10711898 (England and Wales)
ALBAN HOUSE (HEREFORD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2019
PAGES FOR FILING WITH REGISTRAR
ALBAN HOUSE (HEREFORD) LIMITED
COMPANY INFORMATION
Directors
Mr S P Dodd
Ms J E Freeman
Mr J Rudge
Company number
10711898
Registered office
St Pauls House
23 St Pauls Squre
Birmingham
West Midlands
B3 1RB
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
United Kingdom
WR9 9AY
Bankers
Lloyds Bank Plc
Units 2 & 3 Caxton Gate
36/38 New Street
Birmingham
West Midlands
B2 4LP
ALBAN HOUSE (HEREFORD) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
ALBAN HOUSE (HEREFORD) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALBAN HOUSE (HEREFORD) LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2019
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alban House (Hereford) Limited for the year ended 30 November 2019 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Alban House (Hereford) Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alban House (Hereford) Limited
and state those matters that we have agreed to state to the Board of Directors of Alban House (Hereford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alban House (Hereford) Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Alban House (Hereford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Alban House (Hereford) Limited. You consider that Alban House (Hereford) Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Alban House (Hereford) Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
28 April 2020
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
United Kingdom
WR9 9AY
ALBAN HOUSE (HEREFORD) LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2019
30 November 2019
- 2 -
2019
2018
Notes
£
£
£
£
Current assets
Stocks
4,364,028
1,518,597
Debtors
3
51,376
43,144
Cash at bank and in hand
240
932
4,415,644
1,562,673
Creditors: amounts falling due within one year
4
(4,428,253)
(1,571,239)
Net current liabilities
(12,609)
(8,566)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(12,610)
(8,567)
Total equity
(12,609)
(8,566)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 April 2020 and are signed on its behalf by:
Mr S P Dodd
Director
Company Registration No. 10711898
ALBAN HOUSE (HEREFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2019
- 3 -
1
Accounting policies
Company information
Alban House (Hereford) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
St Pauls House, 23 St Pauls Squre, Birmingham, West Midlands, B3 1RB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3
(2018 - 3).
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Other debtors
51,376
43,144
ALBAN HOUSE (HEREFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2019
- 4 -
4
Creditors: amounts falling due within one year
2019
2018
£
£
Other loans
2,374,085
-
Trade creditors
33,952
45,884
Amounts owed to group undertakings
1,999,866
1,524,345
Other creditors
20,350
1,010
4,428,253
1,571,239
5
Secured debts
The following secured debts are included within creditors:
2019
2018
£
£
Other loans
2,374,085
-
The loan is secured by way of a fixed and floating charge over all assets of the company.
6
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1
1
1
7
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
8
Control
Ultimate parent company
The ultimate parent company is FRD Associates Limited, a company registered in England and Wales.
Ultimate controlling party
There is no ultimate controlling party due to there being no controlling party in the ultimate parent company.