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REGISTERED NUMBER: 12440139 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 3 FEBRUARY 2024

FOR

ALTRUISTIC VENTURES LIMITED

ALTRUISTIC VENTURES LIMITED (REGISTERED NUMBER: 12440139)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 3 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTRUISTIC VENTURES LIMITED

COMPANY INFORMATION
for the Year Ended 3 February 2024







DIRECTOR: Ms N A Kuebler





REGISTERED OFFICE: 71 To 75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 12440139 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

ALTRUISTIC VENTURES LIMITED (REGISTERED NUMBER: 12440139)

BALANCE SHEET
3 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,312 2,093

CURRENT ASSETS
Debtors 5 598,275 522,586
Cash at bank 1,009,585 315,503
1,607,860 838,089
CREDITORS
Amounts falling due within one year 6 509,359 250,227
NET CURRENT ASSETS 1,098,501 587,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,102,813

589,955

PROVISIONS FOR LIABILITIES 819 444
NET ASSETS 1,101,994 589,511

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,101,993 589,510
SHAREHOLDERS' FUNDS 1,101,994 589,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 3 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ALTRUISTIC VENTURES LIMITED (REGISTERED NUMBER: 12440139)

BALANCE SHEET - continued
3 February 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 director and authorised for issue on 23 September 2024 and were signed by:





Ms N A Kuebler - Director


ALTRUISTIC VENTURES LIMITED (REGISTERED NUMBER: 12440139)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 3 February 2024


1. STATUTORY INFORMATION

Altruistic Ventures 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.

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.
Office equipment - 33% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ALTRUISTIC VENTURES LIMITED (REGISTERED NUMBER: 12440139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 3 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 4 February 2023 6,458
Additions 5,392
Disposals (580 )
At 3 February 2024 11,270
DEPRECIATION
At 4 February 2023 4,365
Charge for year 3,169
Eliminated on disposal (576 )
At 3 February 2024 6,958
NET BOOK VALUE
At 3 February 2024 4,312
At 3 February 2023 2,093

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 568,763 522,529
Other debtors 29,512 57
598,275 522,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,648 3,142
Taxation and social security 402,331 196,089
Other creditors 30,380 50,996
509,359 250,227

ALTRUISTIC VENTURES LIMITED (REGISTERED NUMBER: 12440139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 3 February 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,569 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 3 February 2024 and 3 February 2023:

2024 2023
£    £   
Ms N A Kuebler
Balance outstanding at start of year (36,899 ) 127,756
Amounts advanced 63,271 121,919
Amounts repaid (417 ) (286,574 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,955 (36,899 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms N A Kuebler.