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REGISTERED NUMBER: 02980308 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2024 TO 31 DECEMBER 2024

FOR

ALTENMARK LIMITED

ALTENMARK LIMITED (REGISTERED NUMBER: 02980308)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 OCTOBER 2024 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTENMARK LIMITED

COMPANY INFORMATION
for the Period 1 OCTOBER 2024 TO 31 DECEMBER 2024







DIRECTOR: Mr S Torn-Hibler





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 02980308 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ALTENMARK LIMITED (REGISTERED NUMBER: 02980308)

BALANCE SHEET
31 DECEMBER 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Investments 4 305 4,122,346
Investment property 5 - 10,590,885
305 14,713,231

CURRENT ASSETS
Debtors 6 860 390,169
Cash at bank 130 195,056
990 585,225
CREDITORS
Amounts falling due within one year 7 1,273 443,570
NET CURRENT (LIABILITIES)/ASSETS (283 ) 141,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

22

14,854,886

PROVISIONS FOR LIABILITIES - 1,278,473
NET ASSETS 22 13,576,413

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves - 8,213,572
Retained earnings 20 5,362,839
SHAREHOLDERS' FUNDS 22 13,576,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

ALTENMARK LIMITED (REGISTERED NUMBER: 02980308)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 18 March 2025 and were signed by:





Mr S Torn-Hibler - Director


ALTENMARK LIMITED (REGISTERED NUMBER: 02980308)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 OCTOBER 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Altenmark 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Altenmark Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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 period 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.

Fixed asset investments
The company's fixed asset investments are revalued annually by the directors, based on the net asset value of the investment company at the year end.

ALTENMARK LIMITED (REGISTERED NUMBER: 02980308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 OCTOBER 2024 TO 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2024 4,122,346
Revaluations (2,430,809 )
Impairments (1,691,232 )
At 31 December 2024 305
NET BOOK VALUE
At 31 December 2024 305
At 30 September 2024 4,122,346

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2024 305

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2024
£    £   
Cost 1,691,537 1,691,537

Fixed asset investments were valued on an open market basis on 31 December 2024 by the directors .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2024 10,590,885
Additions 5,007,500
Disposals (15,598,385 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 30 September 2024 10,590,885

ALTENMARK LIMITED (REGISTERED NUMBER: 02980308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 OCTOBER 2024 TO 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors - 1,254
Amounts owed by group undertakings - 388,915
Other debtors 860 -
860 390,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Amounts owed to group undertakings 303 -
Taxation and social security 5 228,363
Other creditors 965 215,207
1,273 443,570

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 December 2024 and 30 September 2024:

2024 2024
£    £   
Mr G Blakesley
Balance outstanding at start of period - -
Amounts advanced - 278,111
Amounts repaid - (278,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Mr S Torn-Hibler
Balance outstanding at start of period - -
Amounts advanced - 278,111
Amounts repaid - (278,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Interest was charged on the loans at the official rate of interest.