2023-05-012024-04-302024-04-30false11923202Altitude Property 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Altitude Property Ltd

Registered Number
11923202
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

Altitude Property Ltd
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

Mrs G C Moss
Mr M R Noble

Registered Address

Mount Wise House
1 Discovery Road
Plymouth
PL1 4QU

Registered Number

11923202 (England and Wales)
Altitude Property Ltd
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid59,99759,997
Fixed assets
Tangible assets3268,699116,522
268,699116,522
Current assets
Cash at bank and on hand13953,314
13953,314
Creditors amounts falling due within one year5(131,684)(96,983)
Net current assets (liabilities)(71,548)16,328
Total assets less current liabilities197,151132,850
Creditors amounts falling due after one year6(185,104)(76,905)
Net assets12,04755,945
Capital and reserves
Called up share capital60,00060,000
Profit and loss account(47,953)(4,055)
Shareholders' funds12,04755,945
The financial statements were approved and authorised for issue by the Board of Directors on 2 December 2024, and are signed on its behalf by:
Mr M R Noble
Director
Registered Company No. 11923202
Altitude Property Ltd
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. 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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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:

Reducing balance (%)
Plant and machinery25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 May 23115,4533,311118,764
Additions152,444-152,444
At 30 April 24267,8973,311271,208
Depreciation and impairment
At 01 May 23-2,2422,242
Charge for year-267267
At 30 April 24-2,5092,509
Net book value
At 30 April 24267,897802268,699
At 30 April 23115,4531,069116,522
4.Fixed asset investments
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts8,1382,779
Other creditors122,98093,638
Accrued liabilities and deferred income566566
Total131,68496,983
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts185,10476,905
Total185,10476,905