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REGISTERED NUMBER: 11956555 (England and Wales)











































Alta Asset Management Limited

Unaudited Financial Statements

for the period

1st November 2023 to 31st January 2025






Alta Asset Management Limited (Registered number: 11956555)






Contents of the Financial Statements
for the period 1st November 2023 to 31st January 2025




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Alta Asset Management Limited

Company Information
for the period 1st November 2023 to 31st January 2025







Director: T A A Leslie





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Registered number: 11956555 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Alta Asset Management Limited (Registered number: 11956555)

Balance Sheet
31st January 2025

2025 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,084 329
Investments 5 125,687 124,687
127,771 125,016

Current assets
Debtors 6 60,280 85,120
Cash at bank 26,337 -
86,617 85,120
Creditors
Amounts falling due within one year 7 257,931 220,189
Net current liabilities (171,314 ) (135,069 )
Total assets less current liabilities (43,543 ) (10,053 )

Capital and reserves
Called up share capital 2,429 2,429
Retained earnings (45,972 ) (12,482 )
(43,543 ) (10,053 )

Alta Asset Management Limited (Registered number: 11956555)

Balance Sheet - continued
31st January 2025


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

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

The director acknowledges his 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th July 2025 and were signed by:





T A A Leslie - Director


Alta Asset Management Limited (Registered number: 11956555)

Notes to the Financial Statements
for the period 1st November 2023 to 31st January 2025

1. Statutory information

Alta Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Alta Asset Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investment in subsidiary undertakings are measured at cost less impairment.

Financial instruments
The following assets and liabilities are classified as financial instruments -Trade debtors, intercompany loans, trade creditors, accruals and directors' loans.

Trade debtors, intercompany loans, trade creditors, accruals and directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Alta Asset Management Limited (Registered number: 11956555)

Notes to the Financial Statements - continued
for the period 1st November 2023 to 31st January 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 period 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.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The company has a deficit on the balance sheet and relies on the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis.

3. Employees and directors

The average number of employees during the period was 3 (2023 - NIL ) .

4. Tangible fixed assets
Office
equipment
£   
Cost
At 1st November 2023 659
Additions 2,366
At 31st January 2025 3,025
Depreciation
At 1st November 2023 330
Charge for period 611
At 31st January 2025 941
Net book value
At 31st January 2025 2,084
At 31st October 2023 329

Alta Asset Management Limited (Registered number: 11956555)

Notes to the Financial Statements - continued
for the period 1st November 2023 to 31st January 2025

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st November 2023 124,687
Additions 2,000
Disposals (1,000 )
At 31st January 2025 125,687
Net book value
At 31st January 2025 125,687
At 31st October 2023 124,687

6. Debtors: amounts falling due within one year
2025 2023
£    £   
Trade debtors 31,066 -
Amounts owed by group undertakings 18,889 85,120
Other debtors 10,325 -
60,280 85,120

7. Creditors: amounts falling due within one year
2025 2023
£    £   
Trade creditors 1,241 12
Amounts owed to group undertakings 24,037 27,001
Taxation and social security 10,848 -
Other creditors 221,805 193,176
257,931 220,189

8. Secured debts

Nat West Bank PLC hold a fixed and floating charge over all the property or undertaking of the company.

Alta Asset Management Limited (Registered number: 11956555)

Notes to the Financial Statements - continued
for the period 1st November 2023 to 31st January 2025

9. Related party disclosures

Transactions with subsidiaries

At 31st January 2025 a loan of a £18,814 (2023-£18,814) was outstanding payable to the company by Funky Product Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £ Nil (2023-£45,359) was outstanding payable to the company by Fourteen Digital Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £ Nil (2023-£20,872) was outstanding payable to the company by Alta Property Holding Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £39 (2023-£39) was outstanding payable to the company by Bite Mark Flies Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £36 (2023-£36) was outstanding payable to the company by Fin and Game Sporting Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £1,000 (2023-£1,000) was outstanding payable by the company to Alta Property Holding Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £ Nil (2023-£4,652) was outstanding payable by the company to Fin and Game Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £14,050 (2023-£14,050) was outstanding payable by the company to The Potted Lobster (Abersoch) Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £1,000 (2023-£ Nil) was outstanding payable by the company to Sunningdale Bamburgh Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of a £688 (2023-£ Nil) was outstanding payable the company to Haughmond (Shropshire) Limited. This loan is unsecured, interest free and is repayable on demand.

Transactions with companies under common control

At 31st January 2025 a loan of a £7,299 (2023-£7,299) was outstanding payable by the company to The Whittling House Limited.This loan is unsecured, interest free and is repayable on demand.