Registered number
01698750
Alton House Limited
Filleted Accounts
31 October 2024
Alton House Limited
Registered number: 01698750
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 100 100
Current assets
Stocks 392,717 392,717
Debtors 4 280,339 168,414
Cash at bank and in hand 215,103 330,258
888,159 891,389
Creditors: amounts falling due within one year 5 (2,576,303) (2,630,130)
Net current liabilities (1,688,144) (1,738,741)
Net liabilities (1,688,044) (1,738,641)
Capital and reserves
Called up share capital 300 300
Profit and loss account (1,688,344) (1,738,941)
Shareholder's funds (1,688,044) (1,738,641)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. H. Gregory
Director
Approved by the board on 7 July 2025
Alton House Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents sales of properties, rents receivable and other similar income.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks consist of properties held for resale and these are valued at the lower of cost and net realisable value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Group accounts
The company is subject to the small companies regime and is therefore not required to prepare Group accounts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2023 100
At 31 October 2024 100
4 Debtors 2024 2023
£ £
Other debtors 280,339 168,414
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings - 37,304
Accruals and deferred income 9,876 9,634
Other creditors 2,566,427 2,583,192
2,576,303 2,630,130
6 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
F. S. Salter 2,573,672 - (7,245) 2,566,427
2,573,672 - (7,245) 2,566,427
7 Other information
Alton House Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Pipers Close
Cobham
KT11 3AU
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