Company Registration No. 10711898 (England and Wales)
ALBAN HOUSE (HEREFORD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2017
PAGES FOR FILING WITH REGISTRAR
ALBAN HOUSE (HEREFORD) LIMITED
COMPANY INFORMATION
Directors
Ms J E Freeman
(Appointed 6 April 2017)
Mr S P Dodd
(Appointed 6 April 2017)
Mr J Rudge
(Appointed 6 April 2017)
Company number
10711898
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
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 PERIOD ENDED 30 NOVEMBER 2017
- 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 period ended 30 November 2017 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 period.
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
10 April 2018
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ALBAN HOUSE (HEREFORD) LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2017
30 November 2017
- 2 -
2017
Notes
£
£
Current assets
Stocks
486,243
Debtors
3
86,135
Cash at bank and in hand
613
572,991
Creditors: amounts falling due within one year
4
(573,740)
Net current liabilities
(749)
Capital and reserves
Called up share capital
5
1
Profit and loss reserves
(750)
Total equity
(749)
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 period ended 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act 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 period 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 10 April 2018 and are signed on its behalf by:
Ms J E Freeman
Mr S P Dodd
Director
Director
Company Registration No. 10711898
ALBAN HOUSE (HEREFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2017
- 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
The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.
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
There were no employees during the period.
3
Debtors
2017
Amounts falling due within one year:
£
Other debtors
86,135
ALBAN HOUSE (HEREFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2017
- 4 -
4
Creditors: amounts falling due within one year
2017
£
Trade creditors
42,970
Amounts due to group undertakings
530,019
Other creditors
751
573,740
5
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1 Ordinary A share of £1 was allotted and fully paid for cash at par during the period.
6
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.
7
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 no controlling party in the ultimate parent company.
8
Comparatives
This is the company's first period of trade therefore there are no comparatives.