REGISTERED NUMBER: 11497243 (England and Wales)

LICENCE TO ALTER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E K Davies

W P R Pryke

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

11497243 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

2,033

4,067

CURRENT ASSETS

Debtors

5

125,622

151,739

Cash at bank

48,526

40,438

174,148

192,177

CREDITORS

Amounts falling due within one year

6

128,551

124,813

NET CURRENT ASSETS

45,597

67,364

TOTAL ASSETS LESS CURRENT LIABILITIES

47,630

71,431

CREDITORS

Amounts falling due after more than one year

7

5,341

15,700

NET ASSETS

42,289

55,731

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

41,289

54,731

SHAREHOLDERS' FUNDS

42,289

55,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

J E K Davies - Director

W P R Pryke - Director

1.	STATUTORY INFORMATION

Licence To Alter 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.

Turnover

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

Turnover represents rendering of services to customers in the United Kingdom. Revenues are recognised when surveying services are provided to the customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer Equipment 33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

6,100

DEPRECIATION

At 1 January 2024

2,033

Charge for year

2,034

At 31 December 2024

4,067

NET BOOK VALUE

At 31 December 2024

2,033

At 31 December 2023

4,067

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

43,751

53,082

Amounts owed by associates

79,911

93,767

Other debtors

1,960

4,890

125,622

151,739

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,359

10,086

Trade creditors

400

1,211

Amounts owed to associates

19,778

24,342

Taxation and social security

43,022

47,390

Other creditors

54,992

41,784

128,551

124,813

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,341

15,700

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10

Ordinary A Shares

£1

10

10

990

Ordinary B Shares

£1

990

990

1,000

1,000

All Ordinary shares rank pari passu, other than in relation to the distribution of dividends

9.

RESERVES

Retained

earnings

£

At 1 January 2024

54,731

Profit for the year

81,058

Dividends

(94,500

)

At 31 December 2024

41,289

10.	RELATED PARTY DISCLOSURES

At the year-end date, included within debtors, amount falling due within one year, is an amount of £79,911 (2023: £96,766) owed from related entities in which Mr J E K Davies has beneficial interest.

This amount is unsecured, interest free and repayable on demand.

At the year, end date, included within creditors, amount falling due within one year, is an amount of £19,778 (2023: £24,343) owed to related entities in which Mr J E K Davies has beneficial interest.

At the year-end date, included within creditors, is an amount of £17,490 (2023: £17,490) owed to the director Mr W P R Pryke.

These amounts are unsecured, interest free and payable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is W P R Pryke.

The ultimate controlling party is J E K Davies by virtue of his shareholdings in the holding company. The holding company is Earl Kendrick Associates Limited, a company registered in England.