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ALTAIRE ENTERPRISES LIMITED

Registered Number
SC651537
(Scotland)

Unaudited Financial Statements for the Period ended
30 January 2024

ALTAIRE ENTERPRISES LIMITED
Company Information
for the period from 1 February 2023 to 30 January 2024

Director

DUNCAN, John Peter

Registered Address

14 Chapel Street
Aberdeen
AB10 1SP

Registered Number

SC651537 (Scotland)
ALTAIRE ENTERPRISES LIMITED
Balance Sheet as at
30 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3372,9383,575,889
372,9383,575,889
Current assets
Debtors-2,254
Cash at bank and on hand11,4881,169
11,4883,423
Creditors amounts falling due within one year4(480)(2,651)
Net current assets (liabilities)11,008772
Total assets less current liabilities383,9463,576,661
Creditors amounts falling due after one year5(441,566)(3,550,062)
Net assets(57,620)26,599
Capital and reserves
Called up share capital100100
Profit and loss account(57,720)26,499
Shareholders' funds(57,620)26,599
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
DUNCAN, John Peter
Director
Registered Company No. SC651537
ALTAIRE ENTERPRISES LIMITED
Notes to the Financial Statements
for the period ended 30 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 February 233,575,8893,575,889
Disposals(3,202,951)(3,202,951)
At 30 January 24372,938372,938
Net book value
At 30 January 24372,938372,938
At 31 January 233,575,8893,575,889
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-2,171
Accrued liabilities and deferred income480480
Total4802,651
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties441,5663,550,062
Total441,5663,550,062