Registered number
OC415262
Altor Wealth Management LLP
Unaudited Filleted Accounts
31 March 2025
Altor Wealth Management LLP
Registered number: OC415262
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 37,578 49,086
Current assets
Debtors 4 154,537 7,738
Cash at bank and in hand 233,964 236,374
388,501 244,112
Creditors: amounts falling due within one year 5 (29,105) (6,160)
Net current assets 359,396 237,952
Total assets less current liabilities 396,974 287,038
Net assets attributable to members 396,974 287,038
Represented by:
Loans and other debts due to members 6 321,974 212,038
Members' other interests
Members' capital classified as equity 75,000 75,000
396,974 287,038
Total members' interests
Loans and other debts due to members 6 321,974 212,038
Members' other interests 75,000 75,000
396,974 287,038
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 6 August 2025 and signed on their behalf by:
M Pitcher
Designated member
Altor Wealth Management LLP
Notes to the Accounts
for the year ended 31 March 2025
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% straight line
Fixtures and fittings 25% straight line
Motor vehicles 25% reducing balance
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.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 16,881 97,330 114,211
Additions 2,267 - 2,267
At 31 March 2025 19,148 97,330 116,478
Depreciation
At 1 April 2024 11,082 54,043 65,125
Charge for the year 2,953 10,822 13,775
At 31 March 2025 14,035 64,865 78,900
Net book value
At 31 March 2025 5,113 32,465 37,578
At 31 March 2024 5,799 43,287 49,086
4 Debtors 2025 2024
£ £
Trade debtors 7,645 7,237
Other debtors 146,892 501
154,537 7,738
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other taxes and social security costs 4,999 -
Other creditors 24,106 6,160
29,105 6,160
6 Loans and other debts due to members 2025 2024
£ £
Amounts due to members in respect of profits 321,974 212,038
Amounts falling due within one year 321,974 212,038
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Altor Wealth Management LLP is a limited liability partnership incorporated in England. Its registered office is:
Merry Tree Cottage
Hazeley Lea
Hartley Wintney
Hampshire
RG27 8ND
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