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Company Registration No. 11282820 (England and Wales)
Alta Homes & Designs Limited Unaudited accounts for the year ended 31 March 2024
Alta Homes & Designs Limited Unaudited accounts Contents
Page
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Alta Homes & Designs Limited Company Information for the year ended 31 March 2024
Director
M K Willitts
Company Number
11282820 (England and Wales)
Registered Office
Orchard House, Quarry Park Road Pedmore Stourbridge West Midlands DY8 2RE ENGLAND
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Alta Homes & Designs Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,153 
5,468 
Investment property
1,809,610 
1,809,610 
1,810,763 
1,815,078 
Current assets
Cash at bank and in hand
81,905 
78,169 
Creditors: amounts falling due within one year
(1,839,895)
(1,863,780)
Net current liabilities
(1,757,990)
(1,785,611)
Total assets less current liabilities
52,773 
29,467 
Provisions for liabilities
Deferred tax
(250)
(1,050)
Net assets
52,523 
28,417 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,423 
28,317 
Shareholders' funds
52,523 
28,417 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
M K Willitts Director Company Registration No. 11282820
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Alta Homes & Designs Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Alta Homes & Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 11282820. The registered office is Orchard House, Quarry Park Road, Pedmore, Stourbridge, West Midlands, DY8 2RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention except in the instance where assets or liabilities are stated at their fair value.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20 % on cost
Computer equipment
33.3% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Alta Homes & Designs Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
33,775 
1,059 
34,834 
Additions
- 
1,199 
1,199 
At 31 March 2024
33,775 
2,258 
36,033 
Depreciation
At 1 April 2023
29,013 
353 
29,366 
Charge for the year
4,761 
753 
5,514 
At 31 March 2024
33,774 
1,106 
34,880 
Net book value
At 31 March 2024
1 
1,152 
1,153 
At 31 March 2023
4,762 
706 
5,468 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,809,610 
At 31 March 2024
1,809,610 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
10,100 
9,605 
Loans from directors
1,828,281 
1,852,685 
Accruals
1,514 
1,490 
1,839,895 
1,863,780 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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