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REGISTERED NUMBER: 05582369 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

FOR

ALTON MORTGAGES LIMITED

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTON MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023







DIRECTORS: R E Alton
G L Alton





SECRETARY: R E Alton





REGISTERED OFFICE: The Woodlands
6 Bramble Drive
Maidenhead
Berkshire
SL6 3NX





REGISTERED NUMBER: 05582369 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

BALANCE SHEET
31 MARCH 2023

31.3.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 120,919 69,690
120,919 69,690

CURRENT ASSETS
Debtors 6 359,160 7,915
Cash at bank 721,626 915,779
1,080,786 923,694
CREDITORS
Amounts falling due within one year 7 142,558 130,845
NET CURRENT ASSETS 938,228 792,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,147

862,539

CREDITORS
Amounts falling due after more than one
year

8

(77,514

)

(34,555

)

PROVISIONS FOR LIABILITIES (34,490 ) (12,144 )
NET ASSETS 947,143 815,840

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 947,141 815,838
947,143 815,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

BALANCE SHEET - continued
31 MARCH 2023


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 and authorised for issue by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





R E Alton - Director


ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Alton Mortgages Limited is a private company, limited by shares, registered in England Wales. The company's registered office address is The Woodlands, 6 Bramble Drive, Maidenhead, Berkshire, SL6 3NX.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the period 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.


ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 31 March 2023 4,224
AMORTISATION
At 1 October 2022
and 31 March 2023 4,224
NET BOOK VALUE
At 31 March 2023 -
At 30 September 2022 -

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 October 2022 3,790 329 31,013
Additions - - 338
Disposals - - -
At 31 March 2023 3,790 329 31,351
DEPRECIATION
At 1 October 2022 758 66 21,825
Charge for period 303 33 1,708
Eliminated on disposal - - -
At 31 March 2023 1,061 99 23,533
NET BOOK VALUE
At 31 March 2023 2,729 230 7,818
At 30 September 2022 3,032 263 9,188

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022 8,584 127,044 170,760
Additions - 81,859 82,197
Disposals - (68,679 ) (68,679 )
At 31 March 2023 8,584 140,224 184,278
DEPRECIATION
At 1 October 2022 7,941 70,480 101,070
Charge for period 129 8,423 10,596
Eliminated on disposal - (48,307 ) (48,307 )
At 31 March 2023 8,070 30,596 63,359
NET BOOK VALUE
At 31 March 2023 514 109,628 120,919
At 30 September 2022 643 56,564 69,690

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.9.22
£    £   
Amounts owed by group undertakings 303,445 -
Other debtors 55,715 7,915
359,160 7,915

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.9.22
£    £   
Hire purchase contracts (see note 9) 32,409 48,625
Trade creditors - 9
Taxation and social security 91,145 73,140
Other creditors 19,004 9,071
142,558 130,845

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 30.9.22
£    £   
Hire purchase contracts (see note 9) 77,514 34,555

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.23 30.9.22
£    £   
Net obligations repayable:
Within one year 32,409 48,625
Between one and five years 77,514 34,555
109,923 83,180

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 30 September 2022:

31.3.23 30.9.22
£    £   
Director 1
Balance outstanding at start of period 25 50,000
Amounts advanced 51,078 25,370
Amounts repaid (1,117 ) (75,345 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 49,986 25