Company registration number 02119800 (England and Wales)
ALTO MANAGEMENT (U.K.) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ALTO MANAGEMENT (U.K.) LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
ALTO MANAGEMENT (U.K.) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company is clubshare management of certain properties located in Quinta Do Alto Do Poco, Algarve, Portugal.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr S E Smith
Mr T F Higgins
Mr C A Wilson
Mr H Finnigan
Auditor

The auditor, TAG Berry Audit Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr C A Wilson
Director
24 March 2026
ALTO MANAGEMENT (U.K.) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
4,779
6,096
Debtors
4
44,499
46,415
Cash at bank and in hand
700,618
676,494
749,896
729,005
Creditors: amounts falling due within one year
5
(749,796)
(728,905)
Net current assets
100
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
-
0
-
0
Total equity
100
100

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
Mr C A Wilson
Director
Company Registration No. 02119800
ALTO MANAGEMENT (U.K.) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
100
-
0
100
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
194,644
194,644
Transfer to Alto Club Associates
-
(194,644)
(194,644)
Balance at 31 December 2024
100
-
100
Year ended 31 December 2025:
Profit and total comprehensive income for the year
-
236,077
236,077
Transfer to Alto Club Associates
-
(236,077)
(236,077)
Balance at 31 December 2025
100
-
0
100
ALTO MANAGEMENT (U.K.) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Alto Management (U.K.) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bowden House, 36 Northampton Road, Market Harborough, Leicestershire, LE16 9HE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Going concern

At the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for maintenance fees and rental charges provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Maintenance fees and rental income are accounted for in the accounting period in which the entitlement to use the apartment arises.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stock comprises cleaning products and spare inventory items which are available to replace items damaged, they are not ordinarily sold.

ALTO MANAGEMENT (U.K.) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The company is exempt from corporation tax on its mutual trading, being a company not carrying on a business for the purposes of making a profit. The tax charged is on bank interest received only.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange set for the current year's budget set in the previous accounting year. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss. In addition unrealised gains and losses on the translation of year end funds held are also included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2024 - 4).

2025
2024
Number
Number
Total
4
4
ALTO MANAGEMENT (U.K.) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
135
Other debtors
9,911
12,829
Prepayments and accrued income
34,588
33,451
44,499
46,415
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
470,022
412,849
Corporation tax
1,905
2,355
Amounts owed to Alto Club Associates
205,574
251,223
Accruals and deferred income
72,295
62,478
749,796
728,905
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Adrian Neal BA (Hons) FCA
Statutory Auditor:
TAG Berry Audit Limited
Date of audit report:
24 March 2026
ALTO MANAGEMENT (U.K.) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Commitment for future refurbishment costs
126,259
126,772
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The directors being members of the Alto Club Associates committee have been reimbursed for valid expenses incurred as necessary for the management of the club.

All the company funds are held on behalf of the members of Alto Club Associates. The surplus for the year £236,077 (2024 - £194,644) is transferred to the amount owed to Alto Club Associates less deductions for the refurbishment costs £281,726 (2024 - £222,291). The balance owing to Alto Club Associates at the year end was £205,574 (2024 - £251,223).

9
Controlling party

Mr C A Wilson a director of Alto Management (U.K.) Limited holds 100% of the share capital on behalf of members of Alto Club Associates.

10
Auditor's liability limitation agreement

The company signed on 29 January 2025 an engagement letter with the Auditor, agreeing that the total aggregate liability to the company, of whatever nature, whether in contract, tort or otherwise, of the Auditor for any losses whatsoever and howsoever caused arising from or in any way connected with this engagement shall not exceed £100,000.

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