IRIS Accounts Production v24.3.0.553 14460032 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144600322023-03-31144600322024-03-31144600322023-04-012024-03-31144600322022-11-02144600322022-11-032023-03-31144600322023-03-3114460032ns15:EnglandWales2023-04-012024-03-3114460032ns14:PoundSterling2023-04-012024-03-3114460032ns10:Director12023-04-012024-03-3114460032ns10:Director22023-04-012024-03-3114460032ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3114460032ns10:SmallEntities2023-04-012024-03-3114460032ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3114460032ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3114460032ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3114460032ns10:FullAccounts2023-04-012024-03-3114460032ns10:RegisteredOffice2023-04-012024-03-3114460032ns5:CurrentFinancialInstruments2024-03-3114460032ns5:CurrentFinancialInstruments2023-03-3114460032ns5:Non-currentFinancialInstruments2024-03-3114460032ns5:Non-currentFinancialInstruments2023-03-3114460032ns5:ShareCapital2024-03-3114460032ns5:ShareCapital2023-03-3114460032ns5:RetainedEarningsAccumulatedLosses2024-03-3114460032ns5:RetainedEarningsAccumulatedLosses2023-03-3114460032ns5:LandBuildings2023-03-3114460032ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3114460032ns5:LeaseholdImprovements2023-03-3114460032ns5:LandBuildings2023-04-012024-03-3114460032ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3114460032ns5:LeaseholdImprovements2023-04-012024-03-3114460032ns5:LandBuildings2024-03-3114460032ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3114460032ns5:LeaseholdImprovements2024-03-3114460032ns5:LandBuildings2023-03-3114460032ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3114460032ns5:LeaseholdImprovements2023-03-3114460032ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3114460032ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3114460032ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3114460032ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-31
REGISTERED NUMBER: 14460032 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALTON ASSETS LIMITED

ALTON ASSETS LIMITED (REGISTERED NUMBER: 14460032)






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 ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R E Alton
Mrs G L Alton





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





REGISTERED NUMBER: 14460032 (England and Wales)





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

ALTON ASSETS LIMITED (REGISTERED NUMBER: 14460032)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,485 516,775

CURRENT ASSETS
Debtors 5 527 -
Cash at bank 20,523 6,658
21,050 6,658
CREDITORS
Amounts falling due within one year 6 740,767 520,970
NET CURRENT LIABILITIES (719,717 ) (514,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,768

2,463

CREDITORS
Amounts falling due after more than one
year

7

88,010

-
NET ASSETS 15,758 2,463

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,658 2,363
15,758 2,463

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 ASSETS LIMITED (REGISTERED NUMBER: 14460032)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




R E Alton - Director



Mrs G L Alton - Director


ALTON ASSETS LIMITED (REGISTERED NUMBER: 14460032)

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

1. STATUTORY INFORMATION

Alton Assets 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
Properties are shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

ALTON ASSETS LIMITED (REGISTERED NUMBER: 14460032)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property Totals
£    £    £    £   
COST
At 1 April 2023 345,050 149,350 22,375 516,775
Additions 301,312 - 5,398 306,710
At 31 March 2024 646,362 149,350 27,773 823,485
NET BOOK VALUE
At 31 March 2024 646,362 149,350 27,773 823,485
At 31 March 2023 345,050 149,350 22,375 516,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 527 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 458,445 303,445
Taxation and social security 3,588 554
Other creditors 278,734 216,971
740,767 520,970

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 88,010 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 88,010 -

8. RELATED PARTY DISCLOSURES

During the year, the company made advances of £155,000 (2023: £303,445) to Alton Mortgages Limited, a company in which a director has a controlling interest.

The loans were interest free and repayable on demand.