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Registration number: 06493200

Altair Associates Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Altair Associates Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Altair Associates Ltd

Company Information

Directors

FJ Francis

DP Francis

Registered office

38C Priest Hill
Caversham
Reading
Berkshire
RG4 7RY

Accountants

Stables Thompson & Briscoe Limited
Chartered Accountants & Business AdvisersLowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

 

Altair Associates Ltd

(Registration number: 06493200)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

684,270

696,606

Current assets

 

Cash at bank and in hand

 

11,775

2,060

Creditors: Amounts falling due within one year

5

(460,633)

(457,032)

Net current liabilities

 

(448,858)

(454,972)

Total assets less current liabilities

 

235,412

241,634

Creditors: Amounts falling due after more than one year

5

(299,772)

(309,472)

Net liabilities

 

(64,360)

(67,838)

Capital and reserves

 

Called up share capital

70

70

Retained earnings

(64,430)

(67,908)

Shareholders' deficit

 

(64,360)

(67,838)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

.........................................
FJ Francis
Director

 

Altair Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
38C Priest Hill
Caversham
Reading
Berkshire
RG4 7RY

These financial statements were authorised for issue by the Board on 29 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net current liabilities of £448,858 (2024 - £454,972) and net liabilities of £64,360 (2024 - £67,838), however, of these liabilities the directors are owed £446,924 and the directors have no intention of withdrawing their support. Therefore, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Altair Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Plant and machinery etc

10% on cost

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

718,874

19,606

738,480

At 31 March 2025

718,874

19,606

738,480

Depreciation

At 1 April 2024

36,320

5,554

41,874

Charge for the year

10,377

1,959

12,336

At 31 March 2025

46,697

7,513

54,210

Carrying amount

At 31 March 2025

672,177

12,093

684,270

At 31 March 2024

682,554

14,052

696,606

Included within the net book value of land and buildings above is £672,177 (2024 - £682,554) in respect of freehold land and buildings.
 

 

Altair Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

 

Loans and borrowings

9,700

9,323

Taxation and social security

 

1,185

615

Accruals and deferred income

 

2,824

4,041

Other creditors

 

446,924

443,053

 

460,633

457,032

Creditors: amounts falling due after more than one year

2025
£

2024
£

Due after one year

 

Loans and borrowings

299,772

309,472