Registration number: 06493200

Altair Associates Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Altair Associates Ltd

Company Information

Directors

FJ Francis DP Francis

Registered office

38C Priest Hill Caversham Reading Berkshire RG4 7RY

Altair Associates Ltd

(Registration number: 06493200)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	672,004	684,270
Current assets
Debtors		7,009	-
Cash at bank and in hand		1,064	11,775
		8,073	11,775
Creditors: Amounts falling due within one year	5	(464,319)	(460,633)
Net current liabilities		(456,246)	(448,858)
Total assets less current liabilities		215,758	235,412
Creditors: Amounts falling due after more than one year	5	(288,371)	(299,772)
Net liabilities		(72,613)	(64,360)
Capital and reserves
Called up share capital		70	70
Retained earnings		(72,683)	(64,430)
Shareholders' deficit		(72,613)	(64,360)

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 15 September 2026 and signed on its behalf by:
 

......................................... FJ Francis Director

Altair Associates Ltd

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:
38C Priest Hill
Caversham
Reading
Berkshire
RG4 7RY

These financial statements were authorised for issue by the Board on 15 September 2026.

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 has net current liabilities of £456,246 (2025 - £448,858) and net liabilities of £72,613 (2024 - £64,360), however, of these liabilities the directors are owed £450,459 and the directors have no intention of withdrawing their support. Therefore, the financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of turnover 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.

Altair Associates Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Land and buildings	2% straight line
Plant and machinery etc	10% on cost

3	Staff numbers

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	718,874	19,606	738,480
Additions	-	74	74
At 31 March 2026	718,874	19,680	738,554
Depreciation
At 1 April 2025	46,697	7,513	54,210
Charge for the year	10,377	1,963	12,340
At 31 March 2026	57,074	9,476	66,550
Carrying amount
At 31 March 2026	661,800	10,204	672,004
At 31 March 2025	672,177	12,093	684,270

Included within the net book value of land and buildings above is £661,800 (2025 - £672,177) in respect of freehold land and buildings.
 

Altair Associates Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

5

Creditors

Creditors: amounts falling due within one year

		2026 £	2025 £
Due within one year
Loans and borrowings		10,846	9,700
Trade creditors		914	-
Taxation and social security		-	1,185
Accruals and deferred income		2,100	2,824
Other creditors		450,459	446,924
		464,319	460,633

Creditors: amounts falling due after more than one year

		2026 £	2025 £
Due after one year
Loans and borrowings		288,371	299,772