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REGISTERED NUMBER: 05582369 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ALTON MORTGAGES LIMITED

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTON MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: R E Alton
G L Alton





SECRETARY: R E Alton





REGISTERED OFFICE: The Woodlands
6 Bramble Drive
Maidenhead
Berkshire
SL6 3NX





REGISTERED NUMBER: 05582369 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,562 8,129
Property, plant and equipment 5 113,095 106,029
118,657 114,158

CURRENT ASSETS
Debtors 6 568,824 470,390
Cash at bank 645,583 632,628
1,214,407 1,103,018
CREDITORS
Amounts falling due within one year 7 110,475 121,320
NET CURRENT ASSETS 1,103,932 981,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,222,589

1,095,856

CREDITORS
Amounts falling due after more than one
year

8

(92,287

)

(57,388

)

PROVISIONS FOR LIABILITIES (26,598 ) (30,935 )
NET ASSETS 1,103,704 1,007,533

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,103,702 1,007,531
1,103,704 1,007,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

BALANCE SHEET - continued
31 MARCH 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





R E Alton - Director


ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Alton Mortgages Limited is a private company, limited by shares, registered in England Wales. The company's registered office address is The Woodlands, 6 Bramble Drive, Maidenhead, Berkshire, SL6 3NX.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 10,268
AMORTISATION
At 1 April 2024 2,139
Charge for year 2,567
At 31 March 2025 4,706
NET BOOK VALUE
At 31 March 2025 5,562
At 31 March 2024 8,129

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2024 3,790 329 31,493
Additions - - 1,002
Disposals - - -
At 31 March 2025 3,790 329 32,495
DEPRECIATION
At 1 April 2024 1,667 165 26,992
Charge for year 607 65 2,782
Eliminated on disposal - - -
At 31 March 2025 2,274 230 29,774
NET BOOK VALUE
At 31 March 2025 1,516 99 2,721
At 31 March 2024 2,123 164 4,501

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2024 8,814 140,224 184,650
Additions - 64,364 65,366
Disposals - (57,825 ) (57,825 )
At 31 March 2025 8,814 146,763 192,191
DEPRECIATION
At 1 April 2024 8,334 41,463 78,621
Charge for year 148 29,076 32,678
Eliminated on disposal - (32,203 ) (32,203 )
At 31 March 2025 8,482 38,336 79,096
NET BOOK VALUE
At 31 March 2025 332 108,427 113,095
At 31 March 2024 480 98,761 106,029

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by group undertakings 563,845 458,445
Other debtors 4,979 11,945
568,824 470,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 9) 16,459 36,668
Trade creditors 38 6,645
Taxation and social security 70,283 67,895
Other creditors 23,695 10,112
110,475 121,320

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 9) 92,287 57,388

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 16,459 36,668
Between one and five years 92,287 57,388
108,746 94,056

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 38,100 36,576
Between one and five years 38,100 76,200
76,200 112,776

ALTON MORTGAGES LIMITED (REGISTERED NUMBER: 05582369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. RELATED PARTY DISCLOSURES

During the year, the company received advances of £NIL (2024: £155,400) from Alton Assets Limited, a company in which a director has a controlling interest.

The loans were interest free and repayable on demand.