Company Registration No. 11282820 (England and Wales)
Alta Homes & Designs Limited
Unaudited accounts
for the year ended 31 March 2023
Alta Homes & Designs Limited
Unaudited accounts
Contents
Alta Homes & Designs Limited
Company Information
for the year ended 31 March 2023
Company Number
11282820 (England and Wales)
Registered Office
Orchard House, Quarry Park Road
Pedmore
Stourbridge
West Midlands
DY8 2RE
ENGLAND
Alta Homes & Designs Limited
Statement of financial position
as at 31 March 2023
Tangible assets
5,468
11,517
Investment property
1,809,610
1,809,610
Cash at bank and in hand
78,169
75,501
Creditors: amounts falling due within one year
(1,863,780)
(1,875,868)
Net current liabilities
(1,785,611)
(1,800,367)
Total assets less current liabilities
29,467
20,760
Provisions for liabilities
Deferred tax
(1,050)
(2,190)
Called up share capital
100
100
Profit and loss account
28,317
18,470
Shareholders' funds
28,417
18,570
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2023 and were signed on its behalf by
M K Willitts
Director
Company Registration No. 11282820
Alta Homes & Designs Limited
Notes to the Accounts
for the year ended 31 March 2023
Alta Homes & Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 11282820. The registered office is Orchard House, Quarry Park Road, Pedmore, Stourbridge, West Midlands, DY8 2RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention except in the instance where assets or liabilities are stated at their fair value.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20 % on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Alta Homes & Designs Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
33,775
-
33,775
At 31 March 2023
33,775
1,059
34,834
At 1 April 2022
22,258
-
22,258
Charge for the year
6,755
353
7,108
At 31 March 2023
29,013
353
29,366
At 31 March 2023
4,762
706
5,468
At 31 March 2022
11,517
-
11,517
Fair value at 1 April 2022
1,809,610
At 31 March 2023
1,809,610
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,605
9,440
Loans from directors
1,852,685
1,865,089
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).