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

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

ALTONROSE LIMITED - Company Information

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REGISTERED NUMBER: 03989524 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st March 2019

for

ALTONROSE LIMITED
ALTONROSE LIMITED (REGISTERED NUMBER: 03989524)






Contents of the Financial Statements
for the year ended 31st March 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ALTONROSE LIMITED

Company Information
for the year ended 31st March 2019







DIRECTORS: J V O'Riordan
G H Wall





SECRETARY: J V O'Riordan





REGISTERED OFFICE: 7 Heasewood
Bolnore Village
Haywards Heath
West Sussex
RH16 4TJ





REGISTERED NUMBER: 03989524 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN
Page 1
ALTONROSE LIMITED (REGISTERED NUMBER: 03989524)

Statement of Financial Position
31st March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440,087 455,581

CURRENT ASSETS
Cash at bank and in hand 2,818 7,851

CREDITORS
Amounts falling due within one year 5 46,913 50,011
NET CURRENT LIABILITIES (44,095 ) (42,160 )
TOTAL ASSETS LESS CURRENT LIABILITIES 395,992 413,421

CREDITORS
Amounts falling due after more than one
year
6
(115,395
)
(140,735
)

PROVISIONS FOR LIABILITIES (1,369 ) (1,844 )
NET ASSETS 279,228 270,842

CAPITAL AND RESERVES
Called up share capital 30 30
Fair value reserve 8 143,465 143,465
Retained earnings 135,733 127,347
SHAREHOLDERS' FUNDS 279,228 270,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 notes form part of these financial statements

Page 2 continued...
ALTONROSE LIMITED (REGISTERED NUMBER: 03989524)

Statement of Financial Position - continued
31st March 2019


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30th July 2019 and were signed on its behalf by:





J V O'Riordan - Director


The notes form part of these financial statements

Page 3
ALTONROSE LIMITED (REGISTERED NUMBER: 03989524)

Notes to the Financial Statements
for the year ended 31st March 2019

1. STATUTORY INFORMATION

Altonrose 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company continues to trade profitability and is expected to keep generating positive cash flows for the
foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in
preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost or revalued amounts
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 4 continued...
ALTONROSE LIMITED (REGISTERED NUMBER: 03989524)

Notes to the Financial Statements - continued
for the year ended 31st March 2019

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2018
and 31st March 2019 637,251 27,056 61,651 725,958
DEPRECIATION
At 1st April 2018 192,585 16,383 61,409 270,377
Charge for year 12,745 2,668 81 15,494
At 31st March 2019 205,330 19,051 61,490 285,871
NET BOOK VALUE
At 31st March 2019 431,921 8,005 161 440,087
At 31st March 2018 444,666 10,673 242 455,581

Cost or valuation at 31st March 2019 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2003 183,846 - - 183,846
Cost 453,405 27,056 61,651 542,112
637,251 27,056 61,651 725,958

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts 25,000 25,000
Tax 5,404 7,085
VAT 1,292 1,526
Other creditors 13,600 15,000
Directors' current accounts 250 500
Accrued expenses 1,367 900
46,913 50,011

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans - 1-2 years 26,000 26,000
Bank loans - 2-5 years 81,000 81,000
Bank loans more 5 yr by instal 8,395 33,735
115,395 140,735

Page 5 continued...
ALTONROSE LIMITED (REGISTERED NUMBER: 03989524)

Notes to the Financial Statements - continued
for the year ended 31st March 2019

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.19 31.3.18
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,395 33,735

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.19 31.3.18
£    £   
Bank loans 140,395 165,735

The bank loan is secured by way of a fixed charge over the company's freehold property.

8. RESERVES
Fair
value
reserve
£   
At 1st April 2018
and 31st March 2019 143,465

Page 6
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Altonrose Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain
other primary statements and the Report of the Directors are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Altonrose Limited for the year ended 31st March 2019 which comprise the Statement of Income
and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records
and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Altonrose Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Altonrose Limited and state those matters that we have agreed to state to the Board of Directors of Altonrose Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Altonrose Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Altonrose Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Altonrose Limited. You consider that Altonrose Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Altonrose Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


30th July 2019

This page does not form part of the statutory financial statements

Page 7