Alt Nuvem Limited 16013469 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is provision of aircraft services. Digita Accounts Production Advanced 6.30.9574.0 true true 16013469 2025-04-01 2026-03-31 16013469 2026-03-31 16013469 core:CurrentFinancialInstruments 2026-03-31 16013469 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 16013469 core:FurnitureFittingsToolsEquipment 2026-03-31 16013469 bus:SmallEntities 2025-04-01 2026-03-31 16013469 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 16013469 bus:FilletedAccounts 2025-04-01 2026-03-31 16013469 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 16013469 bus:RegisteredOffice 2025-04-01 2026-03-31 16013469 bus:Director1 2025-04-01 2026-03-31 16013469 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 16013469 core:Aircraft 2025-04-01 2026-03-31 16013469 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 16013469 core:OtherRelatedParties 2025-04-01 2026-03-31 16013469 countries:EnglandWales 2025-04-01 2026-03-31 16013469 core:FurnitureFittingsToolsEquipment 2025-03-31 16013469 2024-10-11 2025-03-31 16013469 2025-03-31 16013469 core:CurrentFinancialInstruments 2025-03-31 16013469 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 16013469 core:FurnitureFittingsToolsEquipment 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 16013469 (England & Wales)

Prepared for the registrar
Alt Nuvem Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Alt Nuvem Limited

(Registration number: 16013469)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 330,063 | 397,745
Current assets |  |  |
Debtors | 5 | 15,781 | 10,234
Cash at bank and in hand |  | 19,546 | 2,098
|  | 35,327 | 12,332
Creditors: Amounts falling due within one year | 6 | (435,786) | (434,624)
Net current liabilities |  | (400,459) | (422,292)
Net liabilities |  | (70,396) | (24,547)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | (70,398) | (24,549)
Shareholders' deficit |  | (70,396) | (24,547)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 July 2026 and signed on its behalf by:

R Pugh
Director

Alt Nuvem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 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:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

| 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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting 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 amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 and after eliminating sales within the company.
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.

Alt Nuvem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the statement of financial position 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
Plant and machinery | Units of Production based on flying hours

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Alt Nuvem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

| 4 | Tangible assets

| Furniture, fittings and equipment £
Cost
At 1 April 2025 | 400,000
At 31 March 2026 | 400,000
Depreciation
At 1 April 2025 | 2,255
Charge for the period | 67,682
At 31 March 2026 | 69,937
Carrying amount
At 31 March 2026 | 330,063
At 31 March 2025 | 397,745

| 5 | Debtors

| 2026 £ | 2025 £
Prepayments | 6,072 | 4,160
VAT receivable | 9,709 | 6,074
| 15,781 | 10,234

| 6 | Creditors

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 7 | 429,998 | 429,998
Trade creditors |  | 2,638 | 2,126
Accruals and deferred income |  | 3,150 | 2,500
|  | 435,786 | 434,624

Alt Nuvem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 7 | Loans and borrowings

Current loans and borrowings

| Note | 2026 £ | 2025 £
Directors' loan accounts | 8 | 429,998 | 429,998

The directors' loans are secured on plant and machinery held in the company's tangible fixed assets.

| 8 | Related party transactions

Summary of transactions with other related parties

At 31 March 2026 the company owed £429,998 (2025: £429,998) to its directors in the form of directors' loan accounts. No interest was charged on this balance and there are no fixed repayment terms.