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Altamira Estate Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2023

Registration number: 04846905

 

Altamira Estate Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Altamira Estate Limited

Company Information

Directors

Mr M Kay

Mr J Hearfield

Mr A Chalkley

Mr A E Mumford

Mrs H M Curtis

Mr R Barlow

Mrs J Nicholls

Registered office

41 Rolle Street
Exmouth
Devon
EX8 2SN

Accountants

Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

 

Altamira Estate Limited

Balance Sheet

31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

6

6

Current assets

 

Debtors

5

64

64

Cash at bank and in hand

 

21,913

20,680

 

21,977

20,744

Creditors: Amounts falling due within one year

6

(8,084)

(6,851)

Net current assets

 

13,893

13,893

Total assets less current liabilities

 

13,899

13,899

Provisions for liabilities

(13,835)

(13,835)

Net assets

 

64

64

Capital and reserves

 

Called up share capital

7

64

64

Shareholders' funds

 

64

64

 

Altamira Estate Limited

Balance Sheet

31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
Mr M Kay
Director

Company Registration Number: 04846905

 

Altamira Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
41 Rolle Street
Exmouth
Devon
EX8 2SN

These financial statements were authorised for issue by the Board on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from its investment properties for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the services are provided.

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the country where the company operates and generates taxable income.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

Altamira Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investments

2023
£

2022
£

Investments in subsidiaries

6

6

Subsidiaries

£

Cost or valuation

At 1 January 2023 and 31 December 2022

6

Carrying amount

At 31 December 2023

6

At 31 December 2022

6

 

Altamira Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2023

5

Debtors

2023
£

2022
£

Other debtors

64

64

64

64

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

5,752

5,752

Accruals and deferred income

2,332

1,099

8,084

6,851

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

64

64

64

64