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REGISTERED NUMBER: 10691677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Altinity Ltd

Altinity Ltd (Registered number: 10691677)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

Altinity Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Zukas
A Zaytsev
R Hodges
V Kornilovski





SECRETARY: Kevad Ltd





REGISTERED OFFICE: Office 22, The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: 10691677 (England and Wales)





ACCOUNTANT: Kevad Ltd
Office 22, The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ

Altinity Ltd (Registered number: 10691677)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,361 1,944

CURRENT ASSETS
Debtors 5 97,791 163,713
Cash at bank and in hand 399,357 338,051
497,148 501,764
CREDITORS
Amounts falling due within one year 6 309,640 307,581
NET CURRENT ASSETS 187,508 194,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,869

196,127

CREDITORS
Amounts falling due after more than one year 7 3,106 3,106
NET ASSETS 185,763 193,021

CAPITAL AND RESERVES
Called up share capital 8 4,999 4,999
Share premium 96,683 96,683
Retained earnings 84,081 91,339
SHAREHOLDERS' FUNDS 185,763 193,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Altinity Ltd (Registered number: 10691677)

Balance Sheet - continued
31 December 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 by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





M Zukas - Director


Altinity Ltd (Registered number: 10691677)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Altinity Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 6 (2022 - 6 ) .

Altinity Ltd (Registered number: 10691677)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,333
DEPRECIATION
At 1 January 2023 389
Charge for year 583
At 31 December 2023 972
NET BOOK VALUE
At 31 December 2023 1,361
At 31 December 2022 1,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 90,768 131,831
Amounts owed by group undertakings - 20,218
Other debtors 7,023 11,664
97,791 163,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,812 6,957
Amounts owed to group undertakings 31,212 -
Taxation and social security 4,290 4,052
Other creditors 266,326 296,572
309,640 307,581

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 3,106 3,106

Altinity Ltd (Registered number: 10691677)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4,999 Ordinary shares £1 4,999 4,999

9. RELATED PARTY DISCLOSURES

As at the year end, Altinity Ltd, owes £31,211 (2022: £0) to the Altinity Inc, the parent company.

As at the year end, Altinity Inc, the parent company, owes £0 (2022: £21,217) to the company.

It states that Altinity Ltd received £6,266 (2022: £10,541) in management charge fees from Altinty Inc during the year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is ZNZT Ltd, a company incorporated in UK. Their registered office is C/O Kevad Ltd Office 22, The Joiners Shop, The Historic Dockyard, Chatham, Kent, United Kingdom, ME4 4TZ.

The immediate parent company of the Altinity Ltd is Altinity Inc, a company incorporated in California, US. Their registered office is 2001 Addison St, Suite 300, Berkeley, CA 94704.

Altinity Ltd

Report of the Accountant to the Directors of
Altinity Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Kevad Ltd
Office 22, The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ


25 July 2024