Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-27falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseNo description of principal activity44falsetrue SC450255 2023-09-01 2024-08-31 SC450255 2022-09-01 2023-08-31 SC450255 2024-08-31 SC450255 2023-08-31 SC450255 2022-09-01 SC450255 c:Director1 2023-09-01 2024-08-31 SC450255 c:Director3 2023-09-01 2024-08-31 SC450255 c:Director3 2024-08-31 SC450255 c:Director4 2023-09-01 2024-08-31 SC450255 c:Director5 2023-09-01 2024-08-31 SC450255 c:Director6 2023-09-01 2024-08-31 SC450255 c:Director6 2024-08-31 SC450255 c:RegisteredOffice 2023-09-01 2024-08-31 SC450255 d:Buildings 2023-09-01 2024-08-31 SC450255 d:MotorVehicles 2023-09-01 2024-08-31 SC450255 d:MotorVehicles 2024-08-31 SC450255 d:MotorVehicles 2023-08-31 SC450255 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC450255 d:FurnitureFittings 2023-09-01 2024-08-31 SC450255 d:FurnitureFittings 2024-08-31 SC450255 d:FurnitureFittings 2023-08-31 SC450255 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC450255 d:OfficeEquipment 2023-09-01 2024-08-31 SC450255 d:OfficeEquipment 2024-08-31 SC450255 d:OfficeEquipment 2023-08-31 SC450255 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC450255 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC450255 d:CurrentFinancialInstruments 2024-08-31 SC450255 d:CurrentFinancialInstruments 2023-08-31 SC450255 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC450255 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC450255 d:ShareCapital 2023-09-01 2024-08-31 SC450255 d:ShareCapital 2024-08-31 SC450255 d:ShareCapital 2022-09-01 2023-08-31 SC450255 d:ShareCapital 2023-08-31 SC450255 d:ShareCapital 2022-09-01 SC450255 d:SharePremium 2023-09-01 2024-08-31 SC450255 d:SharePremium 2024-08-31 SC450255 d:SharePremium 2022-09-01 2023-08-31 SC450255 d:SharePremium 2023-08-31 SC450255 d:SharePremium 2022-09-01 SC450255 d:CapitalRedemptionReserve 2023-09-01 2024-08-31 SC450255 d:CapitalRedemptionReserve 2024-08-31 SC450255 d:CapitalRedemptionReserve 2022-09-01 2023-08-31 SC450255 d:CapitalRedemptionReserve 2023-08-31 SC450255 d:CapitalRedemptionReserve 2022-09-01 SC450255 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 SC450255 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC450255 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 SC450255 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC450255 d:RetainedEarningsAccumulatedLosses 2022-09-01 SC450255 c:OrdinaryShareClass1 2023-09-01 2024-08-31 SC450255 c:OrdinaryShareClass1 2024-08-31 SC450255 c:OrdinaryShareClass2 2023-09-01 2024-08-31 SC450255 c:OrdinaryShareClass2 2024-08-31 SC450255 c:OrdinaryShareClass3 2023-09-01 2024-08-31 SC450255 c:OrdinaryShareClass3 2024-08-31 SC450255 c:OrdinaryShareClass4 2023-09-01 2024-08-31 SC450255 c:OrdinaryShareClass4 2024-08-31 SC450255 c:OrdinaryShareClass5 2023-09-01 2024-08-31 SC450255 c:OrdinaryShareClass5 2024-08-31 SC450255 c:FRS102 2023-09-01 2024-08-31 SC450255 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC450255 c:FullAccounts 2023-09-01 2024-08-31 SC450255 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC450255 6 2023-09-01 2024-08-31 SC450255 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC450255










ALTAR AGENCY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
ALTAR AGENCY LTD
 

COMPANY INFORMATION


Directors
Mr SD McCallum 
Mr DT Ednie (resigned 31 October 2024)
Mr NC Chapman 
Mrs VE Anderson 
Mrs A Kirkwood (appointed 6 November 2024)




Registered number
SC450255



Registered office
Avian House
87 Brook Street

Broughty Ferry

Dundee

DD5 1DJ




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ALTAR AGENCY LTD
REGISTERED NUMBER: SC450255

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
13,403
12,040

Investments
 5 
680,079
687,458

  
693,482
699,498

Current assets
  

Debtors: amounts falling due within one year
 6 
254,958
190,660

Cash at bank and in hand
  
-
45,136

  
254,958
235,796

Creditors: amounts falling due within one year
 7 
(1,050,810)
(936,988)

Net current liabilities
  
 
 
(795,852)
 
 
(701,192)

Total assets less current liabilities
  
(102,370)
(1,694)

Provisions for liabilities
  

Deferred tax
  
(3,005)
-

  
 
 
(3,005)
 
 
-

Net liabilities
  
(105,375)
(1,694)


Capital and reserves
  

Called up share capital 
 8 
84,663
84,663

Share premium account
  
63,120
63,120

Capital redemption reserve
  
28,484
28,484

Profit and loss account
  
(281,642)
(177,961)

  
(105,375)
(1,694)


Page 1

 
ALTAR AGENCY LTD
REGISTERED NUMBER: SC450255

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




Mr SD McCallum
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2
 

 
ALTAR AGENCY LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024



Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity


£
£
£
£
£



At 1 September 2022
84,663
63,120
28,484
425,485
601,752



Comprehensive income for the year


Loss for the year
-
-
-
(137,898)
(137,898)



Contributions by and distributions to owners


Dividends: Equity capital
-
-
-
(9,000)
(9,000)


Purchase of own shares
-
-
-
(456,548)
(456,548)



Total transactions with owners
-
-
-
(465,548)
(465,548)





At 1 September 2023
84,663
63,120
28,484
(177,961)
(1,694)



Comprehensive income for the year


Loss for the year
-
-
-
(22,907)
(22,907)



Contributions by and distributions to owners


Purchase of own shares
-
-
-
(80,774)
(80,774)



Total transactions with owners
-
-
-
(80,774)
(80,774)



At 31 August 2024
84,663
63,120
28,484
(281,642)
(105,375)



The notes on pages 4 to 9 form part of these financial statements.

Page 3
 
ALTAR AGENCY LTD
 

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

1.


General information

ALTAR Group Limited is a private company, limited by shares, domiciled in Scotland with registration number SC450255. The registered office is Avian House, 87 Brook Street, Broughty Ferry, Dundee, DD5 1DJ.
The functional currency is GBP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has made a loss in the year and has net liabilities however these are due to one off transactions and the directors confirm they will continue to support the company for the next 12 months. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
ALTAR AGENCY LTD
 

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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided at the following rates:

Freehold property
-
2%
Motor vehicles
-
20%
Fixtures and fittings
-
5%
Office equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
ALTAR AGENCY LTD
 

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

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
ALTAR AGENCY LTD
 

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

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
25,809
5,215
-
31,024


Additions
-
5,226
2,751
7,977



At 31 August 2024

25,809
10,441
2,751
39,001



Depreciation


At 1 September 2023
18,723
261
-
18,984


Charge for the year on owned assets
5,162
1,000
452
6,614



At 31 August 2024

23,885
1,261
452
25,598



Net book value



At 31 August 2024
1,924
9,180
2,299
13,403



At 31 August 2023
7,086
4,954
-
12,040

Page 7

 
ALTAR AGENCY LTD
 

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

5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 September 2023
662,638
24,820
687,458


Revaluations
-
(7,379)
(7,379)



At 31 August 2024
662,638
17,441
680,079





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
143,193
64,375

Other debtors
84,000
111,162

Prepayments and accrued income
23,188
10,546

Tax recoverable
4,577
4,577

254,958
190,660



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
34,370
-

Amounts owed to group undertakings
1,004,062
930,989

Other taxation and social security
1,545
2,700

Other creditors
8,233
699

Accruals and deferred income
2,600
2,600

1,050,810
936,988


Bank overdrafts are secured by a standard security over the property of the company, and a bond and floating charge over the property and undertakings of the company and its subsidiaries.

Page 8

 
ALTAR AGENCY LTD
 

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

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



84,656 Ordinary shares of £1 each
84,656
84,656
1 A Non-voting share of £1
1
1
1 B Non-voting share of £1
1
1
1 C Non-voting share of £1
1
1
1 D Non-voting share of £1
1
1
1 E Non-voting share of £1
1
1
1 F Non-voting share of £1
1
1
1 H Non-voting share of £1
1
1

84,663

84,663



9.


Related party transactions

In accordance with the share purchase agreement £80,774 was paid on behalf of the Employee Ownership Trust (EOT). The payments made to the EOT have been disclosed via the Statement of Changes in Equity.


10.


Controlling party

On 26th October 2021, the trustees of Altar Group Employee Ownership Trust aquired 59.3% of the share capital in the Company and became the ultimate controlling party. 


Page 9