Alteo Exp Limited 13271690 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of travel and tour operator activities. Digita Accounts Production Advanced 6.30.9574.0 true false true 13271690 2023-04-01 2024-03-31 13271690 2024-03-31 13271690 bus:OrdinaryShareClass1 2024-03-31 13271690 bus:OrdinaryShareClass2 2024-03-31 13271690 core:CurrentFinancialInstruments 2024-03-31 13271690 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13271690 core:AdditionsToInvestments 2024-03-31 13271690 bus:SmallEntities 2023-04-01 2024-03-31 13271690 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13271690 bus:FilletedAccounts 2023-04-01 2024-03-31 13271690 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13271690 bus:RegisteredOffice 2023-04-01 2024-03-31 13271690 bus:Director1 2023-04-01 2024-03-31 13271690 bus:Director2 2023-04-01 2024-03-31 13271690 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13271690 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 13271690 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13271690 countries:England 2023-04-01 2024-03-31 13271690 2022-04-01 2023-03-31 13271690 2023-03-31 13271690 bus:OrdinaryShareClass1 2023-03-31 13271690 bus:OrdinaryShareClass2 2023-03-31 13271690 core:CurrentFinancialInstruments 2023-03-31 13271690 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13271690

Alteo Exp Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Alteo Exp Limited

(Registration number: 13271690)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

7,043

-

Current assets

 

Debtors

5

-

2,982

Cash at bank and in hand

 

42,445

19,794

 

42,445

22,776

Creditors: Amounts falling due within one year

6

(45,596)

(10,022)

Net current (liabilities)/assets

 

(3,151)

12,754

Net assets

 

3,892

12,754

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

3,890

12,752

Shareholders' funds

 

3,892

12,754

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2024 and signed on its behalf by:
 

 

Alteo Exp Limited

(Registration number: 13271690)
Balance Sheet as at 31 March 2024

.........................................
Laurie Peter Almond
Director

.........................................
Mateo Jose Abascal Vedoya
Director

 

Alteo Exp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The amount owed to a directors at the end of year was £11,832.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the Board on 8 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Alteo Exp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Alteo Exp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

7,043

-

Subsidiaries

£

Cost or valuation

Additions

7,043

Provision

Carrying amount

At 31 March 2024

7,043

The company holds an investment in a subsidiary, which is a fully-owned entity. This investment is accounted for in accordance with Financial Reporting Standard (FRS) 102A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Details of the Subsidiary:

Subsidiary Name: The Hokkaido Group G.K.
Country of Incorporation: Japan
Percentage of Ownership: 100%

5

Debtors

Current

2024
£

2023
£

Other debtors

-

2,982

 

-

2,982

 

Alteo Exp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,368

7,682

Accruals and deferred income

2,340

2,340

Other creditors

41,888

-

45,596

10,022

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

2

2

2

2