REGISTERED NUMBER: |
Altacombe Holdings Limited |
Financial Statements for the Year Ended 31st March 2023 |
REGISTERED NUMBER: |
Altacombe Holdings Limited |
Financial Statements for the Year Ended 31st March 2023 |
Altacombe Holdings Limited (Registered number: 00603335) |
Contents of the Financial Statements |
for the Year Ended 31st March 2023 |
Page |
Company information | 1 |
Abridged balance sheet | 2 |
Notes to the financial statements | 4 |
Altacombe Holdings Limited |
Company Information |
for the Year Ended 31st March 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountant |
Lewis & Son Accountants Limited |
37 Stoke Road |
Blisworth |
Northampton |
NN7 3BZ |
Altacombe Holdings Limited (Registered number: 00603335) |
Abridged Balance Sheet |
31st March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 3 |
Investment property | 4 |
Current assets |
Debtors |
Investments |
Cash at bank |
Creditors |
Amounts falling due within one year |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Share premium |
Revaluation reserve | 5 |
Retained earnings |
The director acknowledges his 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. |
Altacombe Holdings Limited (Registered number: 00603335) |
Abridged Balance Sheet - continued |
31st March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Altacombe Holdings Limited (Registered number: 00603335) |
Notes to the Financial Statements |
for the Year Ended 31st March 2023 |
1. | Accounting policies |
Basis of preparing the financial statements |
Revenue recognition |
The company recognises revenue to the extent that it obtains the right to consideration in exchange for its performance under contract. The right to consideration arises when some, but not necessarily all, of the contractual obligations have been fulfilled. |
Tangible fixed assets |
Plant and machinery | - |
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 Profit and loss account, 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. |
2. | Employees and directors |
The average number of employees during the year was |
Altacombe Holdings Limited (Registered number: 00603335) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2023 |
3. | Tangible fixed assets |
Totals |
£ |
Cost |
At 1st April 2022 |
and 31st March 2023 |
Depreciation |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
4. | Investment property |
Total |
£ |
Fair value |
At 1st April 2022 |
Disposals | ( |
) |
Revaluations | 85,802 |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
Fair value at 31st March 2023 is represented by: |
£ |
Valuation in 2022 | 474,198 |
Valuation in 2023 | 85,802 |
560,000 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 632,027 | 969,600 |
The investment properties were valued on an open market basis on 31st March 2023 by the director . |
Altacombe Holdings Limited (Registered number: 00603335) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2023 |
5. | Reserves |
Revaluation |
reserve |
£ |
At 1st April 2022 |
Revaluation reserve movement | (44,598 | ) |
At 31st March 2023 |