Company registration number 14286042 (England and Wales)
ALT GROUP UK HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ALT GROUP UK HOLDINGS LIMITED
CONTENTS
Page
Group balance sheet
1 - 2
Company balance sheet
3
Group statement of changes in equity
4
Company statement of changes in equity
5
Notes to the financial statements
6 - 19
ALT GROUP UK HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
364,258
411,067
Tangible assets
6
288,524
380,169
652,782
791,236
Current assets
Stocks
306,423
251,279
Debtors
9
4,279,437
1,381,392
Cash at bank and in hand
199,221
4,284
4,785,081
1,636,955
Creditors: amounts falling due within one year
10
(8,833,538)
(4,373,944)
Net current liabilities
(4,048,457)
(2,736,989)
Total assets less current liabilities
(3,395,675)
(1,945,753)
Creditors: amounts falling due after more than one year
11
(399,086)
(182,488)
Provisions for liabilities
14
(16,710)
(83,063)
Net liabilities
(3,811,471)
(2,211,304)
Capital and reserves
Called up share capital
450
450
Profit and loss reserves
(3,854,236)
(2,211,754)
Equity attributable to owners of the parent company
(3,853,786)
(2,211,304)
Non-controlling interests
42,315
-
0
Total equity
(3,811,471)
(2,211,304)

The notes on pages 6 to 19 form part of these financial statements.

ALT GROUP UK HOLDINGS LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

T he directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 6 July 2026 and are signed on its behalf by:
06 July 2026
Mr P Mole
Director
Company registration number 14286042 (England and Wales)
ALT GROUP UK HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
292,533
329,100
Investments
7
403
403
292,936
329,503
Current assets
Debtors
9
24,452
196,189
Cash at bank and in hand
447
217
24,899
196,406
Creditors: amounts falling due within one year
10
(506,197)
(593,426)
Net current liabilities
(481,298)
(397,020)
Net liabilities
(188,362)
(67,517)
Capital and reserves
Called up share capital
450
450
Profit and loss reserves
(188,812)
(67,967)
Total equity
(188,362)
(67,517)

The notes on pages 6 to 19 form part of these financial statements.

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the year was £120,844 (2024 - £116,427 loss).

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 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 6 July 2026 and are signed on its behalf by:
06 July 2026
Mr P Mole
Director
Company registration number 14286042 (England and Wales)
ALT GROUP UK HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Share capital
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
£
£
£
£
£
Balance at 1 April 2023
450
9,754
10,204
-
10,204
Year ended 31 March 2024:
Loss and total comprehensive income
-
(2,221,508)
(2,221,508)
-
(2,221,508)
Balance at 31 March 2024
450
(2,211,754)
(2,211,304)
-
0
(2,211,304)
Year ended 31 March 2025:
Loss and total comprehensive income
-
(1,642,482)
(1,642,482)
40,315
(1,602,167)
Purchase of shares in subsidiary
-
-
-
2,000
2,000
Balance at 31 March 2025
450
(3,854,236)
(3,853,786)
42,315
(3,811,471)

The notes on pages 6 to 19 form part of these financial statements.

ALT GROUP UK HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
450
48,460
48,910
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(116,427)
(116,427)
Balance at 31 March 2024
450
(67,967)
(67,517)
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
(120,845)
(120,845)
Balance at 31 March 2025
450
(188,812)
(188,362)

The notes on pages 6 to 19 form part of these financial statements.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
1
Accounting policies
Company information

Alt Group UK Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit A, Matthews House, Weir Lane, Worcester, WR2 4AY.

The group consists of Alt Group UK Holdings Limited and all of its subsidiaries.

1.1
Basis of preparation

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.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Alt Group UK Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
1.4
Going concern

The directors have, at the time of approving the financial statements, assessed the group’s ability to continue as a going concern. The directors have considered the group’s financial position, order book, financial forecasts, and future funding requirements for at least twelve months from the date of approval of these financial statements.

As part of this assessment, the directors have reviewed projected trading, cash flow forecasts, and available banking facilities. They have also considered potential risks and uncertainties, including the potential impact of market conditions on the company’s operations and ability to meet its liabilities as they fall due.

The group has built up a substantial order book and is forecast to trade profitably in the future. The directors are expecting the projects included in the forecasts to come to fruition.

As a result of the substantial order book and forecast profitable future trade the directors have a reasonable expectation that the group will be able to continue as going concern. However, the directors also note that there is a material uncertainty over the group's ability to continue as a going concern should forecast sales be materially lower than forecast or if there are substantial adverse cashflow variances and the business is not able to obtain additional funding, or if any claims are made against the business by overdue creditors.

1.5
Turnover

Revenue comprises the fair value of the consideration received for the sale of goods and provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

Where the trading activities relates to contractual work, revenue is recognised in the accounting period in which the outcome of a contract can be estimated reliably.

The percentage of completion method which is based on an estimate of the actual progress through the contract is used to calculate the revenue to be included in the financial statements.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised immediately as an expense.

1.6
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
10% straight line
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -
1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and equipment
20% straight line
Office equipment
33.33% straight line
Computers
33.33% straight line
Motor vehicles
20% straight line

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 recognised in the profit and loss account.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 10 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Provisions

Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.17
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.

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.19
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’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.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Project completion

To determine project completion, the group relies on a budgeted cost value. This value is calculated using estimated overheads, labour hours and raw material costs. The resulting percentage of completion is then applied to calculate the contract asset or liability and to recognise the amount of revenue recorded in the current year.

Useful lives of fixed assets

Fixed asset useful lives are estimated by reference to industry standards, and director knowledge and experience in the sector. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation and amortisation charge will increase where the useful lives are less than previously estimated, or technically obsolete or nonstrategic assets that have been abandoned or sold will be written off or written down.

Trade debtor recoverability

Recoverability of trade debtors is regularly reviewed in light of the available economic information specific to each debtor and specific provisions are recognised for balances considered to be irrecoverable.

Apart from the estimates above, the group was not required to make any additional critical judgements when applying its accounting policies.

3
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Total
54
44
0
0
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
4
Directors' remuneration
2025
2024
£
£
Remuneration paid to directors
253,061
218,955
5
Intangible fixed assets
Group
Development costs
£
Cost
At 1 April 2024 and 31 March 2025
468,085
Amortisation
At 1 April 2024
57,018
Amortisation charged for the year
46,809
At 31 March 2025
103,827
Carrying amount
At 31 March 2025
364,258
At 31 March 2024
411,067
Company
Development costs
£
Cost
At 1 April 2024 and 31 March 2025
365,667
Amortisation
At 1 April 2024
36,567
Amortisation charged for the year
36,567
At 31 March 2025
73,134
Carrying amount
At 31 March 2025
292,533
At 31 March 2024
329,100
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
6
Tangible fixed assets
Group
Leasehold improvements
Plant and equipment
Office equipment
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
98,729
116,561
36,111
42,955
250,850
545,206
Additions
-
0
11,890
4,304
9,333
2,400
27,927
Disposals
-
0
-
0
-
0
-
0
(65,633)
(65,633)
At 31 March 2025
98,729
128,451
40,415
52,288
187,617
507,500
Depreciation and impairment
At 1 April 2024
19,085
13,320
21,695
18,729
92,208
165,037
Depreciation charged in the year
9,859
14,359
9,389
12,857
42,166
88,630
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(34,691)
(34,691)
At 31 March 2025
28,944
27,679
31,084
31,586
99,683
218,976
Carrying amount
At 31 March 2025
69,785
100,772
9,331
20,702
87,934
288,524
At 31 March 2024
79,644
103,241
14,416
24,226
158,642
380,169
The company had no tangible fixed assets at 31 March 2025 or 31 March 2024.
7
Fixed asset investments
Group
Company
2025
2024
2025
2024
£
£
£
£
Shares in group undertakings and participating interests
-
-
403
403
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024 and 31 March 2025
403
Carrying amount
At 31 March 2025
403
At 31 March 2024
403
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
8
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Alt - Solar Limited
Unit A, Matthews House, Weir Lane, Worcester, Worcestershire, England, WR2 4AY
Ordinary
100.00
Alt - Energi Limited
Unit A, Matthews House, Weir Lane, Worcester, Worcestershire, England, WR2 4AY
Ordinary
100.00
Alt PPA1 Limited
Unit A, Matthews House, Weir Lane, Worcester, Worcestershire, England, WR2 4AY
Ordinary
100.00
Solar Mounting Limited
Unit A, Matthews House, Weir Lane, Worcester, Worcestershire, England, WR2 4AY
Ordinary
90.00

For the year ended 31 March 2025 the above subsidiary companies have claimed the exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

9
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
3,688,972
627,716
-
0
-
0
Amounts owed by contract customers
287,507
495,114
-
0
-
0
Corporation tax recoverable
20,200
8,928
2,362
-
0
Amounts owed by group undertakings
-
0
-
0
15,091
176,189
Other debtors
162,277
160,779
6,999
20,000
Prepayments and accrued income
120,481
88,855
-
0
-
0
4,279,437
1,381,392
24,452
196,189

Transactions with group companies are conducted at arms length and are repayable on demand.

ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
10
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans and overdrafts
12
11,112
30,793
-
0
-
0
Obligations under finance leases
13
15,042
25,838
-
0
-
0
Other borrowings
12
573,562
106,806
-
0
-
0
Trade creditors
3,083,500
2,336,148
5,352
2,760
Amounts owed to contract customers
3,922,115
847,775
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
159,600
323,625
Corporation tax payable
26,558
16,737
1,192
7,023
Other taxation and social security
525,743
490,043
245,193
255,968
Other creditors
133,017
47,944
35,000
-
0
Accruals and deferred income
542,889
471,860
59,860
4,050
8,833,538
4,373,944
506,197
593,426

Transactions with group companies are conducted at arms length and are repayable on demand.

11
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
12
46,296
57,407
-
0
-
0
Obligations under finance leases
13
52,826
68,708
-
0
-
0
Other borrowings
12
299,964
56,373
-
0
-
0
399,086
182,488
-
-
12
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
57,408
68,519
-
0
-
0
Bank overdrafts
-
0
19,681
-
0
-
0
Other loans
873,526
163,179
-
-
930,934
251,379
-
-
Payable within one year
584,674
137,599
-
-
Payable after one year
346,260
113,780
-
0
-
0
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12
Loans and overdrafts
(Continued)
- 17 -

Loans have fixed repayment terms and accrue interest at various rates. The loans are secured by a fixed and floating charge over the assets of the group.

13
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
15,042
25,838
-
0
-
0
In two to five years
52,826
68,708
-
0
-
0
67,868
94,546
-
-

Obligations under finance leases is secured over the assets to which it relates.

14
Provisions for liabilities
Group
Company
2025
2024
2025
2024
£
£
£
£
Loss provision in relation to onerous contracts
16,710
83,063
-
-
15
Deferred taxation
The group and company has no deferred tax assets or liabilities.
Group
Company
Group
Company
2025
2025
2024
2024
Movements in the year:
£
£
£
£
Liability at 1 April
-
-
100,453
-
Credit to profit or loss
-
-
(100,453)
-
Liability/(asset) at 31 March
-
-
-
-
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
16
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 qualified and includes the following:

Qualified Opinion

In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 March 2025 and of the group's loss 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.

Basis for qualified opinion

We were unable to obtain sufficient appropriate audit evidence to support the opening balances of deferred and accrued income balances relating to the following companies in the group:

Solar Mounting Limited

A lt - Energi L t d

These balance sheet balances have cleared into the profit and loss accounts in the current year and as a result it is possible that revenue figures in the current year are materially misstated.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Senior Statutory Auditor:
Sam Perkin
Statutory Auditor:
Sedulo Audit Limited
Date of audit report:
6 July 2026
17
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Total commitments
485,923
368,091
-
-
ALT GROUP UK HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
18
Events after the reporting date

No events after the reporting date have occurred that required disclosure.

19
Related party disclosures

Included in other debtors are the following balances owed from directors of the company and group:

Mr P Mole £73,612 (2024: £48,596)

Mr W George £3,526 (2024: £6,000)

Included in other creditors is the following balance owed to a director of the company and group:

Mr C Smith £7,100 (2024: £8,500)

Loans to/from directors have no fixed repayment terms.

20
Ultimate controlling party

The ultimate control of the group is held in equal parts by Mr P Mole, Mr W George and Mr C Smith, the three shareholders of the parent company.

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