Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30true2022-07-01falseRetail00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12659706 2022-07-01 2023-06-30 12659706 2021-07-01 2022-06-30 12659706 2023-06-30 12659706 2022-06-30 12659706 c:Director1 2022-07-01 2023-06-30 12659706 d:PlantMachinery 2022-07-01 2023-06-30 12659706 d:PlantMachinery 2023-06-30 12659706 d:PlantMachinery 2022-06-30 12659706 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12659706 d:FurnitureFittings 2022-07-01 2023-06-30 12659706 d:FurnitureFittings 2023-06-30 12659706 d:FurnitureFittings 2022-06-30 12659706 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12659706 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12659706 d:CurrentFinancialInstruments 2023-06-30 12659706 d:CurrentFinancialInstruments 2022-06-30 12659706 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12659706 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12659706 d:ShareCapital 2023-06-30 12659706 d:ShareCapital 2022-06-30 12659706 d:RetainedEarningsAccumulatedLosses 2023-06-30 12659706 d:RetainedEarningsAccumulatedLosses 2022-06-30 12659706 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 12659706 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 12659706 c:FRS102 2022-07-01 2023-06-30 12659706 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12659706 c:FullAccounts 2022-07-01 2023-06-30 12659706 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12659706 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12659706









ALTUS LIVING LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
ALTUS LIVING LTD
REGISTERED NUMBER: 12659706

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,526
20,513

  
19,526
20,513

Current assets
  

Stocks
 5 
5,625
5,950

Debtors: amounts falling due within one year
 6 
653
75

Cash at bank and in hand
 7 
4,379
5,208

  
10,657
11,233

Creditors: amounts falling due within one year
 8 
(73,951)
(76,484)

Net current liabilities
  
 
 
(63,294)
 
 
(65,251)

Total assets less current liabilities
  
(43,768)
(44,738)

  

Net liabilities
  
(43,768)
(44,738)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(43,868)
(44,838)

  
(43,768)
(44,738)


Page 1

 
ALTUS LIVING LTD
REGISTERED NUMBER: 12659706
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.




................................................
Erin Willmers
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ALTUS LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Altus Living Ltd is a private company, limited by shares, incorporated in England and Wales.  The principal activity of the Company was that of retail services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis, with the support of the director pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ALTUS LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ALTUS LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

2023
2022
£
£

Wages and salaries
4,247
1,240

4,247
1,240


The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 5

 
ALTUS LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2022
31,376
541
31,917


Additions
3,897
-
3,897



At 30 June 2023

35,273
541
35,814



Depreciation


At 1 July 2022
11,296
108
11,404


Charge for the year on owned assets
4,797
87
4,884



At 30 June 2023

16,093
195
16,288



Net book value



At 30 June 2023
19,180
346
19,526



At 30 June 2022
20,080
433
20,513


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
5,625
5,950

5,625
5,950



6.


Debtors

2023
2022
£
£


Trade debtors
150
75

Prepayments and accrued income
503
-

653
75


Page 6

 
ALTUS LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,379
5,208

4,379
5,208



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
327
733

Other creditors
72,086
74,523

Accruals and deferred income
1,538
1,228

73,951
76,484



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
4,379
5,208




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Controlling party

The Company is controlled by the director, Erin Willmers, by virtue of her shareholding, as described in the Director's report.

 
Page 7