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REGISTERED NUMBER: 09851676 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Altin Holding Limited

Altin Holding Limited (Registered number: 09851676)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Altin Holding Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Epifanis
MYUKOFFICE LTD





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
East Yorkshire
HU15 2HG





REGISTERED NUMBER: 09851676 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
Hull
HU1 2LD

Altin Holding Limited (Registered number: 09851676)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 115,810 115,810
115,810 115,810

CURRENT ASSETS
Debtors 6 46,314 95,251
Cash at bank and in hand 964,111 983,225
1,010,425 1,078,476
CREDITORS
Amounts falling due within one year 7 1,700 28,793
NET CURRENT ASSETS 1,008,725 1,049,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,535

1,165,493

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,124,435 1,165,393
SHAREHOLDERS' FUNDS 1,124,535 1,165,493

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.

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 13 September 2024 and were signed on its behalf by:




A Epifanis - Director


Altin Holding Limited (Registered number: 09851676)

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

1. STATUTORY INFORMATION

Altin Holding Limited 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.

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

Fixtures & Fittings - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Altin Holding Limited (Registered number: 09851676)

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 1,390
Disposals (1,390 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 1,390
Eliminated on disposal (1,390 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 7,299 7,299
Other investments not loans 108,511 108,511
115,810 115,810

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 7,299
NET BOOK VALUE
At 31 December 2023 7,299
At 31 December 2022 7,299

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Land 108,511 108,511

Altin Holding Limited (Registered number: 09851676)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 31,321
Amounts owed by group undertakings 43,478 51,591
Other debtors 2,836 12,339
46,314 95,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 18,275
Taxation and social security - 8,928
Other creditors 1,700 1,590
1,700 28,793

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 1,165,393
Deficit for the year (40,958 )
At 31 December 2023 1,124,435

10. RELATED PARTY DISCLOSURES

At 31 December 2023 E4 Medical BV, a company in which Mr A Epifanis is a director and shareholder, owed Altin Holding Limited £43,478 (2022: £51,591).

This loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by A Epifanis who owns the entire issued share capital.