| REGISTERED NUMBER: |
| Financial Statements |
| for the period |
| 16 February 2024 to 31 December 2024 |
| for |
| ALTERNATIVE EARTH SOFTWARE LIMITED |
| REGISTERED NUMBER: |
| Financial Statements |
| for the period |
| 16 February 2024 to 31 December 2024 |
| for |
| ALTERNATIVE EARTH SOFTWARE LIMITED |
| ALTERNATIVE EARTH SOFTWARE LIMITED (REGISTERED NUMBER: SC799363) |
| Contents of the Financial Statements |
| for the period 16 February 2024 to 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ALTERNATIVE EARTH SOFTWARE LIMITED |
| Company Information |
| for the period 16 February 2024 to 31 December 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Auditors: |
| Northern Assurance Buildings |
| 9-21 Princess Street |
| Manchester |
| M2 4DN |
| ALTERNATIVE EARTH SOFTWARE LIMITED (REGISTERED NUMBER: SC799363) |
| Balance Sheet |
| 31 December 2024 |
| Notes | £ |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) |
| Total assets less current liabilities | ( |
) |
| Capital and reserves |
| Called up share capital | 6 |
| Retained earnings | ( |
) |
| Shareholders' funds | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ALTERNATIVE EARTH SOFTWARE LIMITED (REGISTERED NUMBER: SC799363) |
| Notes to the Financial Statements |
| for the period 16 February 2024 to 31 December 2024 |
| 1. | Statutory information |
| Alternative Earth Software Limited is a |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| The functional currency of the reporting entity is considered to be US Dollars because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling. |
| Going Concern |
| The company is reliant in the absence of other funding on the continued support of the parent company. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. |
| Consequently, the directors have formed a a judgement, at the time of approving the financial statements, that there is a reasonable expectation the company remains to have sufficient funds to continue to meet its liabilities as they fall due for atleast twelve months from the date of approval of the financial statements and therefore has prepared the financial statements on a going concern basis. |
| Foreign currencies |
| The entity has presented its financial statements in sterling, the functional currency of the entity is dollars. On this basis the entity has translated its items of income and expenses using the average rate between the two currencies in the year, and assets and liabilities using the spot rate between the two currencies at the year end. Exchange differences are recorded in the other comprehensive income. |
| Foreign currencies are dealt with as follows: |
| i) Foreign currency denominated assets and liabilities of Alternative Earth Software Limited are translated at the rate of exchange ruling at the balance sheet date. |
| ii) Income and expenditure for the period are translated at the appropriate rates prevailing during the period, updated on a monthly basis. |
| iii) Exchange differences are recorded in the other comprehensive income. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Financial instruments |
| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs). Financial assets and liabilities are subsequently carried at amortised costs, using the the effective interest rate method. Financial assets and liabilities that are equity insurances are measured at cost less impairment |
| Share capital |
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. |
| ALTERNATIVE EARTH SOFTWARE LIMITED (REGISTERED NUMBER: SC799363) |
| Notes to the Financial Statements - continued |
| for the period 16 February 2024 to 31 December 2024 |
| 4. | Employees and directors |
| The average number of employees during the period was |
| 5. | Creditors: amounts falling due within one year |
| £ |
| Trade creditors |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £0.10 | 1 |
| 10 Ordinary shares of £0.10 each were allotted and fully paid for |
| 7. | Disclosure under Section 444(5B) of the Companies Act 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | Related party disclosures |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group |