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REGISTERED NUMBER: 01043665 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALTONOVER ENTERPRISES LIMITED

ALTONOVER ENTERPRISES LIMITED (REGISTERED NUMBER: 01043665)

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


ALTONOVER ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Booth
A McLaughlin
N A Bate





SECRETARY: R J Booth





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 01043665 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ALTONOVER ENTERPRISES LIMITED (REGISTERED NUMBER: 01043665)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 30,234,583 27,604,432
Investment property 5 1,998,234 1,690,429
32,232,817 29,294,861

CURRENT ASSETS
Debtors 6 1,571,025 1,339,245
Cash at bank and in hand 2,144,210 4,663,126
3,715,235 6,002,371
CREDITORS
Amounts falling due within one year 7 1,087,153 764,743
NET CURRENT ASSETS 2,628,082 5,237,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,860,899

34,532,489

PROVISIONS FOR LIABILITIES 26,157 -
NET ASSETS 34,834,742 34,532,489

CAPITAL AND RESERVES
Called up share capital 133 133
Share premium 120,980 120,980
Retained earnings 34,713,629 34,411,376
SHAREHOLDERS' FUNDS 34,834,742 34,532,489

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.

ALTONOVER ENTERPRISES LIMITED (REGISTERED NUMBER: 01043665)

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 by the Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:





R J Booth - Director


ALTONOVER ENTERPRISES LIMITED (REGISTERED NUMBER: 01043665)

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


1. STATUTORY INFORMATION

Altonover Enterprises 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises of:

(i) Interest and dividends paid to the company which are recognised when received.
(ii) Rental income which is recognised on a receivable basis.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is shown at 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 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed assets investments
Listed investments are included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the investment is sold. Unlisted investments are included at cost.

ALTONOVER ENTERPRISES LIMITED (REGISTERED NUMBER: 01043665)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Shares in group undertakings 2,235,922 2,235,922
Participating interests - 6,711
Other investments not loans 4,569,286 8,593,586
Other loans 23,429,375 16,768,213
30,234,583 27,604,432

Additional information is as follows:
Shares in Interest
group in Other
undertakings associate investments Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 2,235,922 6,711 8,593,586 10,836,219
Additions - - 2,308,502 2,308,502
Disposals - (6,711 ) (6,598,087 ) (6,604,798 )
Revaluations - - 265,285 265,285
At 31 March 2024 2,235,922 - 4,569,286 6,805,208
NET BOOK VALUE
At 31 March 2024 2,235,922 - 4,569,286 6,805,208
At 31 March 2023 2,235,922 6,711 8,593,586 10,836,219

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2020 - (6,009 ) (6,009 )
Valuation in 2021 - 145,288 145,288
Valuation in 2022 - (66,525 ) (66,525 )
Valuation in 2023 - (203,412 ) (203,412 )
Valuation in 2024 - 235,286 235,286
Cost 2,235,922 4,464,658 6,700,580
2,235,922 4,569,286 6,805,208

ALTONOVER ENTERPRISES LIMITED (REGISTERED NUMBER: 01043665)

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

Other
loans
£   
At 1 April 2023 16,768,213
New in year 7,350,000
Repayment in year (688,838 )
At 31 March 2024 23,429,375

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,690,429
Additions 307,805
At 31 March 2024 1,998,234
NET BOOK VALUE
At 31 March 2024 1,998,234
At 31 March 2023 1,690,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,535 37,472
Amounts owed by group undertakings 634,722 500,000
Other debtors 854,531 798,528
VAT 38,077 -
Prepayments 6,160 3,245
1,571,025 1,339,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 18,451 20,519
Tax 523,636 202,616
VAT - 5,608
Directors' current accounts 500,000 500,000
Accruals and deferred income 45,066 36,000
1,087,153 764,743