Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 5 October 2022 false 1 November 2023 31 October 2024 31 October 2024 14400478 K Ha Yiu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14400478 2023-10-31 14400478 2024-10-31 14400478 2023-11-01 2024-10-31 14400478 frs-core:CurrentFinancialInstruments 2024-10-31 14400478 frs-core:ShareCapital 2024-10-31 14400478 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14400478 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14400478 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 14400478 frs-bus:SmallEntities 2023-11-01 2024-10-31 14400478 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14400478 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 14400478 frs-core:CostValuation 2023-10-31 14400478 frs-core:AdditionsToInvestments 2024-10-31 14400478 frs-core:DisposalsRepaymentsInvestments 2024-10-31 14400478 frs-core:CostValuation 2024-10-31 14400478 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 14400478 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 14400478 frs-bus:Director1 2023-11-01 2024-10-31 14400478 frs-countries:EnglandWales 2023-11-01 2024-10-31 14400478 2022-10-04 14400478 2023-10-31 14400478 2022-10-05 2023-10-31 14400478 frs-core:CurrentFinancialInstruments 2023-10-31 14400478 frs-core:ShareCapital 2023-10-31 14400478 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 14400478
Alte Advisors Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14400478
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 87,682 115,158
87,682 115,158
CURRENT ASSETS
Debtors 5 106,458 21,804
Cash at bank and in hand 149,608 55,407
256,066 77,211
Creditors: Amounts Falling Due Within One Year 6 (295,375 ) (161,467 )
NET CURRENT ASSETS (LIABILITIES) (39,309 ) (84,256 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,373 30,902
NET ASSETS 48,373 30,902
CAPITAL AND RESERVES
Called up share capital 7 88 100
Profit and Loss Account 48,285 30,802
SHAREHOLDERS' FUNDS 48,373 30,902
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
K Ha Yiu
Director
28/10/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Alte Advisors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14400478 . The registered office is C/O Mark Davies & Associates Ltd, 51 Moorgate, London, EC2R 6BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 2
Page 3
4. Investments
Other
£
Cost
As at 1 November 2023 115,158
Additions 19,771
Disposals (47,247 )
As at 31 October 2024 87,682
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 87,682
As at 1 November 2023 115,158
5. Debtors
31 October 2024 31 October 2023
£ £
Due within one year
Other debtors 106,458 21,804
6. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Trade creditors 61,135 145,731
Other creditors 94,242 762
Taxation and social security 139,998 14,974
295,375 161,467
7. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 88 100
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