| REGISTERED NUMBER: |
| Alta Asset Management Limited |
| Unaudited Financial Statements |
| for the period |
| 1st November 2023 to 31st January 2025 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| Alta Asset Management Limited (Registered number: 11956555) |
| Balance Sheet - continued |
| 31st January 2025 |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Office equipment | - |
| 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 |
| 4. | Tangible fixed assets |
| Office |
| equipment |
| £ |
| Cost |
| At 1st November 2023 |
| Additions |
| At 31st January 2025 |
| Depreciation |
| At 1st November 2023 |
| Charge for period |
| At 31st January 2025 |
| Net book value |
| At 31st January 2025 |
| At 31st October 2023 |
| 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 |
| Additions |
| Disposals | ( |
) |
| At 31st January 2025 |
| Net book value |
| At 31st January 2025 |
| At 31st October 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 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. |