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Registration number: 09766350

Altios Consulting Limited
Filleted Financial Statements
for the Year Ended 31 December 2024

Altios Consulting Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 11

Altios Consulting Limited

Company Information

Director | P A Ferron

Registered office | Wilberforce House Station Road London NW4 4QE

Auditors | Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

Altios Consulting Limited

(Registration number: 09766350)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 6 | 273 | 599
Investments | 7 | 1,244,918 | 757,368
|  | 1,245,191 | 757,967
Current assets |  |  |
Debtors | 8 | 44,061 | 195,205
Cash at bank and in hand |  | 39,852 | 70,797
|  | 83,913 | 266,002
Creditors: Amounts falling due within one year | 9 | (1,399,589) | (1,083,182)
Net current liabilities |  | (1,315,676) | (817,180)
Net liabilities |  | (70,485) | (59,213)
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained earnings |  | (70,585) | (59,313)
Shareholders' deficit |  | (70,485) | (59,213)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025

......................................... P A Ferron Director

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wilberforce House
Station Road
London
NW4 4QE
United Kingdom

Principal activity

The principal activity of the Company is the provision of business consulting services.

These financial statements were authorised for issue by the director on 30 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company made a loss in the year and has net current liabilities. The company is dependent on the support from its parent company to continue as a going concern. The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determining using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer equipment | 3 years straight line
Office equipment | 5 years straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
Financial assets that are measured at cost and 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 profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4 | Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 30 September 2025 was Hannah Fowlie, who signed for and on behalf of Bourner Bullock.

5 | Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 0 (2023 - 0).

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 January 2024 | 2,640 | 2,640
At 31 December 2024 | 2,640 | 2,640
Depreciation
At 1 January 2024 | 2,041 | 2,041
Charge for the year | 326 | 326
At 31 December 2024 | 2,367 | 2,367
Carrying amount
At 31 December 2024 | 273 | 273
At 31 December 2023 | 599 | 599

7 | Investments

Subsidiaries | £
Cost or valuation
At 1 January 2024 | 283,688
Additions | 89,800
At 31 December 2024 | 373,488
Provision
Carrying amount
At 31 December 2024 | 373,488
At 31 December 2023 | 283,688

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Associates | £
Cost
At 1 January 2024 | 473,680
Additions | 397,750
At 31 December 2024 | 871,430
Provision
Carrying amount
At 31 December 2024 | 871,430
At 31 December 2023 | 473,680

8 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 564 | 118,129
Amounts owed by related parties | 12 | 28,068 | 58,861
Prepayments |  | 488 | 750
Other debtors |  | 14,941 | 17,465
|  | 44,061 | 195,205

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | 4,408 | 4,061
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest | 12 | 1,310,882 | 982,187
Taxation and social security |  | - | 1,904
Accruals and deferred income |  | 7,789 | 6,948
Other creditors |  | 76,510 | 88,082
|  | 1,399,589 | 1,083,182

10 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Share of £1 each | 100 | 100 | 100 | 100

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

11 | Dividends

|  | 2024 |  | 2023
|  | £ |  | £
Final dividend of £Nil (2023 - £Nil) per ordinary share |  | - |  | -

12 | Related party transactions

The company has taken advantage of the exemption under Section 33.1A of FRS 102 not to disclose transactions between itself and other wholly owned group companies.
Altios Latam Services
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Altios Latam Services of £nil (2023 - £nil) and payments of £nil (2023 - £nil).
During the year the company made sales of £521 (2023 - £388) and received payments of £388 (2023 - £nil).
At the year end the amount owed from Altios Latam Services was £521 (2023 - £388).
Altios Corporate Services
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Altios Corporate Services of £1,695 (2023 - £2,913) and payments of £2,913 (2023 - £2,632).
During the year the company made sales of £nil (2023 - £nil) and received payments of £nil (2023 - £nil).
At the year end the amount owed to Altios Corporate Services was £1,695 (2023 - £2,913).
Frenger Consulting Services
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Frenger Consulting Services of £10,934 (2023 - £5,964) and payments of £5,964 (2023 - £nil).
During the year the company made sales of £nil (2023 - £nil) and received payments of £nil (2023 - £nil).
At the year end the amount owed to Frenger Consulting Services was £10,934 (2023 - £5,964).
Frenger Business Services
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Frenger Business Services of £900 (2023 - £28,016) and payments of £26,685 (2023 - £21,082).
During the year the company made sales of £nil (2023 - £nil) and received payments of £nil (2023 - £nil).
At the year end the amount owed to Frenger Business Services was £900 (2023 - £26,685).

Altios Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Altios Australia
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Altios Australia Pty Ltd of £585 (2022 - £986) and payments of £nil (2022 - £nil).
During the year the company made sales of £nil (2022 - £nil) and received payments of £nil (2022 - £nil).
At the year end the amount owed to Altios Australia Pty Ltd was £1,661 (2022 - £1,076).
Altios France
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Altios France of £10,406 (2022 - £44,321) and payments of £44,321 (2022 - £nil).
During the year the company made sales of £1,785 (2022 - £nil) and received payments of £nil (2022 - £nil).
At the year end the amount owed to Altios France was £8,621 (2022 - £44,321).
Altios Italy
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from Altios Italy of £nil (2022 - £615) and payments of £nil (2022 - £nil).
During the year the company made sales of £7,760 (2022 - £9,064) and received payments of £nil (2022 - £nil).
At the year end the amount owed from Altios Italy was £16,209 (2022 - £8,449).
M&V Marketing and Sales Private Limited (India) MNS
(A non-wholly owned subsidiary of the group)
During the year the company made purchases from M&V Marketing and Sales of £362 (2022 - £nil) and payments of £nil (2022 - £nil).
During the year the company made sales of £7,533 (2022 - £nil) and received payments of £nil (2022 - £nil).
At the year end the amount owed from M&V Marketing and Sales was £7,171 (2022 - £nil).