ALTUM HOLDINGS (UK) LIMITED

Company Registration Number:
11714622 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ALTUM HOLDINGS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

ALTUM HOLDINGS (UK) LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 4,069,894 4,069,889
Debtors: 3 373,061 127
Cash at bank and in hand: 27,912 6,935
Investments:   0 0
Total current assets: 4,470,867 4,076,951
Creditors: amounts falling due within one year:   (4,990,519) (4,670,004)
Net current assets (liabilities): (519,652) (593,053)
Total assets less current liabilities: (519,652) (593,053)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (519,652) (593,053)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 193,166 193,166
Profit and loss account: (712,918) (786,319)
Shareholders funds: (519,652) (593,053)

The notes form part of these financial statements

ALTUM HOLDINGS (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 June 2024
and signed on behalf of the board by:

Name: Michael Newton
Status: Director

The notes form part of these financial statements

ALTUM HOLDINGS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ALTUM HOLDINGS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

ALTUM HOLDINGS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

ALTUM HOLDINGS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

Name of the related party: Altum Holdings Limited
Relationship:
Parent
Description of the Transaction: Intercompany loan, unsecured, interest free and repayable on demand.
£
Balance at 01 January 2023 4,312,163
Balance at 31 December 2023 4,813,510
Name of the related party: Altum Management (UK) Limited
Relationship:
Subsidiary
Description of the Transaction: Loan which is unsecured, interest free and repayable on demand
£
Balance at 01 January 2023 0
Balance at 31 December 2023 240,551
Name of the related party: Altum Financial Services (Ireland) Limited
Relationship:
Subsidiary
Description of the Transaction: Loan which is unsecured, interest free and repayable on demand
£
Balance at 01 January 2023 127
Balance at 31 December 2023 42,918
Name of the related party: Altum Management SA (Pty) Limited
Relationship:
Subsidiary
Description of the Transaction: Loan which is unsecured, interest free and repayable on demand
£
Balance at 01 January 2023 0
Balance at 31 December 2023 84,447