Silverfin false false 31/03/2024 05/04/2023 31/03/2024 Mr S Altoft 05/04/2023 Mrs V Altoft 05/04/2023 Mr S Carman 05/04/2023 05/04/2023 10 October 2024 The principal activity of the company is that of a holding company. 14782181 2024-03-31 14782181 bus:Director1 2024-03-31 14782181 bus:Director2 2024-03-31 14782181 bus:Director3 2024-03-31 14782181 core:CurrentFinancialInstruments 2024-03-31 14782181 core:ShareCapital 2024-03-31 14782181 core:AdditionsToInvestments 2024-03-31 14782181 core:CostValuation 2024-03-31 14782181 core:ImpairmentLossProvisionsForImpairmentInvestments 2024-03-31 14782181 core:ProvisionsForImpairmentInvestments 2024-03-31 14782181 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-03-31 14782181 bus:OrdinaryShareClass1 2024-03-31 14782181 2023-04-05 2024-03-31 14782181 bus:FilletedAccounts 2023-04-05 2024-03-31 14782181 bus:SmallEntities 2023-04-05 2024-03-31 14782181 bus:AuditExemptWithAccountantsReport 2023-04-05 2024-03-31 14782181 bus:PrivateLimitedCompanyLtd 2023-04-05 2024-03-31 14782181 bus:Director1 2023-04-05 2024-03-31 14782181 bus:Director2 2023-04-05 2024-03-31 14782181 bus:Director3 2023-04-05 2024-03-31 14782181 bus:OrdinaryShareClass1 2023-04-05 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14782181 (England and Wales)

ALTOFT HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 05 April 2023 to 31 March 2024
Pages for filing with the registrar

ALTOFT HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 05 April 2023 to 31 March 2024

Contents

ALTOFT HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2024
ALTOFT HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Investments 3 99,314
99,314
Creditors: amounts falling due within one year 4 ( 99,262)
Net current liabilities (99,262)
Total assets less current liabilities 52
Net assets 52
Capital and reserves
Called-up share capital 5 52
Total shareholders' funds 52

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Altoft Holdings Limited (registered number: 14782181) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

Mr S Altoft
Director
ALTOFT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 05 April 2023 to 31 March 2024
ALTOFT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 05 April 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Altoft Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerleaze Farm, Gammonds Hill, Axminster, EX13 7RA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
05.04.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 05 April 2023 0
Additions 335,729
At 31 March 2024 335,729
Provisions for impairment
At 05 April 2023 0
Impairment 236,415
At 31 March 2024 236,415
Carrying value at 31 March 2024 99,314

4. Creditors: amounts falling due within one year

31.03.2024
£
Amounts owed to own subsidiaries 82,433
Other creditors 16,829
99,262

5. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
52 Ordinary shares of £ 1.00 each 52

During the period, 52 Ordinary shares with a nominal value of £1 were allotted upon incorporation for an aggregate consideration of £52.

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

31.03.2024
£
Amounts owed to subsidiary 82,433

No interest has been charged on this balance and there are no fixed dates for repayment.