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REGISTERED NUMBER: 11401093 (England and Wales)









Financial Statements for the Year Ended 31st March 2024

for

Altaventura Investments Ltd

Altaventura Investments Ltd (Registered number: 11401093)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Altaventura Investments Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: G H Cupido
Mrs A B Cupido





REGISTERED OFFICE: 90 Wentworth Crescent
Beggarwood
Basingstoke
Hampshire
RG22 4WX





REGISTERED NUMBER: 11401093 (England and Wales)





ACCOUNTANTS: Vitta Advisory Limited
54 Newberries Avenue
Radlett
WD7 7EP

Altaventura Investments Ltd (Registered number: 11401093)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,683 2,398
Investment property 5 219,830 219,830
222,513 222,228

CURRENT ASSETS
Debtors 6 41,760 41,284
Cash at bank 5,222 3,079
46,982 44,363
CREDITORS
Amounts falling due within one year 7 (147,601 ) (143,611 )
NET CURRENT LIABILITIES (100,619 ) (99,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,894

122,980

CREDITORS
Amounts falling due after more than one
year

8

(145,248

)

(146,447

)
NET LIABILITIES (23,354 ) (23,467 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,454 ) (23,567 )
(23,354 ) (23,467 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Altaventura Investments Ltd (Registered number: 11401093)

Balance Sheet - continued
31st March 2024


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 23rd August 2024 and were signed on its behalf by:





G H Cupido - Director


Altaventura Investments Ltd (Registered number: 11401093)

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


1. STATUTORY INFORMATION

Altaventura Investments 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 Director believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements.

Turnover
Revenue 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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 year 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.

Altaventura Investments Ltd (Registered number: 11401093)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st April 2023 3,548
Additions 1,180
At 31st March 2024 4,728
DEPRECIATION
At 1st April 2023 1,150
Charge for year 895
At 31st March 2024 2,045
NET BOOK VALUE
At 31st March 2024 2,683
At 31st March 2023 2,398

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 219,830
NET BOOK VALUE
At 31st March 2024 219,830
At 31st March 2023 219,830

The fair value of investment property has been arrived at on the basis of a valuation carried out personally by the Directors. The valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 41,760 41,284

Altaventura Investments Ltd (Registered number: 11401093)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 5,288 5,288
Other creditors 142,313 138,323
147,601 143,611

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 145,248 146,447

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 150,536 151,735