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REGISTERED NUMBER: 05582369 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALTON MORTGAGES LIMITED

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTON MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R E Alton
G L Alton





SECRETARY: R E Alton





REGISTERED OFFICE: The Woodlands
6 Bramble Drive
Maidenhead
Berkshire
SL6 3NX





REGISTERED NUMBER: 05582369 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,129 -
Property, plant and equipment 5 106,029 120,919
114,158 120,919

CURRENT ASSETS
Debtors 6 470,390 359,160
Cash at bank 632,628 721,626
1,103,018 1,080,786
CREDITORS
Amounts falling due within one year 7 121,320 142,558
NET CURRENT ASSETS 981,698 938,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,095,856

1,059,147

CREDITORS
Amounts falling due after more than one
year

8

(57,388

)

(77,514

)

PROVISIONS FOR LIABILITIES (30,935 ) (34,490 )
NET ASSETS 1,007,533 947,143

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,007,531 947,141
1,007,533 947,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

BALANCE SHEET - continued
31 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





R E Alton - Director


ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Alton Mortgages Limited is a private company, limited by shares, registered in England Wales. The company's registered office address is The Woodlands, 6 Bramble Drive, Maidenhead, Berkshire, SL6 3NX.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 4,224
Additions 10,268
Disposals (4,224 )
At 31 March 2024 10,268
AMORTISATION
At 1 April 2023 4,224
Charge for year 2,139
Eliminated on disposal (4,224 )
At 31 March 2024 2,139
NET BOOK VALUE
At 31 March 2024 8,129
At 31 March 2023 -

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 3,790 329 31,351
Additions - - 142
At 31 March 2024 3,790 329 31,493
DEPRECIATION
At 1 April 2023 1,061 99 23,533
Charge for year 606 66 3,459
At 31 March 2024 1,667 165 26,992
NET BOOK VALUE
At 31 March 2024 2,123 164 4,501
At 31 March 2023 2,729 230 7,818

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 8,584 140,224 184,278
Additions 230 - 372
At 31 March 2024 8,814 140,224 184,650
DEPRECIATION
At 1 April 2023 8,070 30,596 63,359
Charge for year 264 10,867 15,262
At 31 March 2024 8,334 41,463 78,621
NET BOOK VALUE
At 31 March 2024 480 98,761 106,029
At 31 March 2023 514 109,628 120,919

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 458,445 303,445
Other debtors 11,945 55,715
470,390 359,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 36,668 32,409
Trade creditors 6,645 -
Taxation and social security 67,895 91,145
Other creditors 10,112 19,004
121,320 142,558

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 57,388 77,514

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 36,668 32,409
Between one and five years 57,388 77,514
94,056 109,923

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
Director 1
Balance outstanding at start of year 49,986 25
Amounts advanced - 51,078
Amounts repaid (50,298 ) (1,117 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) 49,986