Altyne Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03121466 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Altyne Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Bond

Mrs N Smith

SECRETARY:

Mrs N Smith

REGISTERED OFFICE:

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

REGISTERED NUMBER:

03121466 (England and Wales)

ACCOUNTANTS:

Bristow Burrell

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

FIXED ASSETS

Investment property

5

986,510

CURRENT ASSETS

Debtors

6

914

645

Cash at bank

17,128

13,067

18,042

13,712

CREDITORS

Amounts falling due within one
year

7

198,465

199,188

NET CURRENT LIABILITIES

(180,423

)

(185,476

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

806,087

801,034

PROVISIONS FOR LIABILITIES

58,618

59,669

NET ASSETS

747,469

741,365

CAPITAL AND RESERVES

Called up share capital

8

2

Fair value reserve

9

458,407

457,356

Retained earnings

289,060

284,007

SHAREHOLDERS' FUNDS

747,469

741,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of
affairs of the company as at the end of each financial year and of its profit or
loss for each financial year in accordance with the requirements of Sections 394 and
395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and
were signed on its behalf by:

R J Bond - Director

1.	STATUTORY INFORMATION

Altyne Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found

on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. Although the

current liabilities of the company exceed the current assets by £185,476 (2017:

£185,476) the directors consider that there is sufficient cash flow to cover the

debts as they fall due.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or

deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the

Income Statement, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws

that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax

assessments in periods different from those in which they are recognised in

financial statements. Deferred tax is measured using tax rates and laws that have

been enacted or substantively enacted by the year end and that are expected to

apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the

extent that it is probable that they will be recovered against the reversal of

deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

and 30 November 2018

986,510

NET BOOK VALUE

At 30 November 2018

986,510

At 30 November 2017

986,510

The Directors consider that the valuation of the Investment Property, represents

the current market value of the property in its current form and usage.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

914

645

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Taxation and social security

10,568

7,300

Other creditors

187,897

191,888

198,465

199,188

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

2

Ordinary Shares

£1

2

9.

RESERVES

Fair

value

reserve

£

At 1 December 2017

457,356

Deferred Tax

1,051

At 30 November 2018

458,407

10.	ULTIMATE CONTROLLING PARTY

N Smith and R Bond are the ultimate controlling parties by virtue of their holding

of 100% of the ordinary share capital of the company.

Altyne Limited - Accounts to registrar (filleted) - small 18.2

Altyne Limited - Accounts to registrar (filleted) - small 18.2