IRIS Accounts Production v24.3.2.46 14059483 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140594832023-04-30140594832024-04-30140594832023-05-012024-04-30140594832022-04-20140594832022-04-212023-04-30140594832023-04-3014059483ns15:EnglandWales2023-05-012024-04-3014059483ns14:PoundSterling2023-05-012024-04-3014059483ns10:Director12023-05-012024-04-3014059483ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3014059483ns10:SmallEntities2023-05-012024-04-3014059483ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3014059483ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3014059483ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3014059483ns10:FullAccounts2023-05-012024-04-3014059483ns10:OrdinaryShareClass12023-05-012024-04-3014059483ns10:RegisteredOffice2023-05-012024-04-3014059483ns5:CurrentFinancialInstruments2024-04-3014059483ns5:CurrentFinancialInstruments2023-04-3014059483ns5:ShareCapital2024-04-3014059483ns5:ShareCapital2023-04-3014059483ns5:RetainedEarningsAccumulatedLosses2024-04-3014059483ns5:RetainedEarningsAccumulatedLosses2023-04-3014059483ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 14059483 (England and Wales)










Altair Ventures Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Altair Ventures Ltd (Registered number: 14059483)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Altair Ventures Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Sameer Shah





REGISTERED OFFICE: No. 6 Highmoor Road
Caversham
Reading
Berkshire
England
RG4 7BN





REGISTERED NUMBER: 14059483 (England and Wales)






Altair Ventures Ltd (Registered number: 14059483)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 1,000 5,903
Cash at bank 19,241 7,323
20,241 13,226
CREDITORS
Amounts falling due within one year 5 (20,501 ) (20,349 )
NET CURRENT LIABILITIES (260 ) (7,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(260

)

(7,123

)

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (261 ) (7,124 )
SHAREHOLDERS' FUNDS (260 ) (7,123 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Sameer Shah - Director


Altair Ventures Ltd (Registered number: 14059483)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
No. 6 Highmoor Road
Caversham
Reading
Berkshire
England
RG4 7BN

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TAX
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Altair Ventures Ltd (Registered number: 14059483)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 20,501 20,349

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary share 1 1 1