Company registration number 11352605 (England and Wales)
ALNT Limited
Unaudited financial statements
For the year ended 30 November 2024
ALNT Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
ALNT Limited
Statement of financial position
As at 30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
235,000
217,156
Investments
4
1,160,027
1,160,008
1,395,027
1,377,164
Current assets
Debtors
5
24,771
33,635
Cash at bank and in hand
4,957
3,138
29,728
36,773
Creditors: amounts falling due within one year
6
(244,173)
(127,323)
Net current liabilities
(214,445)
(90,550)
Total assets less current liabilities
1,180,582
1,286,614
Creditors: amounts falling due after more than one year
7
(117,418)
(126,276)
Net assets
1,063,164
1,160,338
Capital and reserves
Called up share capital
285
285
Share premium account
-
0
659,815
Profit and loss reserves
1,062,879
500,238
Total equity
1,063,164
1,160,338
ALNT Limited
Statement of financial position (continued)
As at 30 November 2024
- 2 -

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
Mr A  Lench
Director
Company registration number 11352605 (England and Wales)
ALNT Limited
Notes to the financial statements
For the year ended 30 November 2024
- 3 -
1
Accounting policies
Company information

ALNT Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Century Road, High Carr Business Park, Newcastle under Lyme, Staffordshire, ST5 7UG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

ALNT Limited
Notes to the financial statements (continued)
For the year ended 30 November 2024
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ALNT Limited
Notes to the financial statements (continued)
For the year ended 30 November 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Investment property
2024
£
Fair value
At 1 December 2023
217,156
Revaluations
17,844
At 30 November 2024
235,000

Investment property comprises commercial offices. The fair value of the investment property has been arrived at on the basis of a valuation carried out May 2024 by Hammond Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,160,027
1,160,008
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 December 2023
1,160,008
Additions
19
At 30 November 2024
1,160,027
Carrying amount
At 30 November 2024
1,160,027
At 30 November 2023
1,160,008
ALNT Limited
Notes to the financial statements (continued)
For the year ended 30 November 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,056
7,541
Other debtors
22,715
26,094
24,771
33,635
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,858
8,619
Trade creditors
9,612
8,574
Amounts owed to group undertakings
218,925
94,280
Taxation and social security
528
4,259
Other creditors
6,250
11,591
244,173
127,323
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
117,418
126,276
Creditors which fall due after five years are payable as follows:
Payable by instalments
89,180
95,987
8
Secured creditors

The bank loans are secured by a fixed charge over the assets of the company.

 

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