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

REGISTERED NUMBER: 03989524 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2022

for

ALTONROSE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

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

FIXED ASSETS

Property, plant and equipment

4

408,426

423,926

Investments

5

150,000

150,000

558,426

573,926

CURRENT ASSETS

Debtors

6

13,800

18,000

Cash at bank and in hand

28,587

37,087

42,387

55,087

CREDITORS

Amounts falling due within one year

7

24,102

53,779

NET CURRENT ASSETS

18,285

1,308

TOTAL ASSETS LESS CURRENT LIABILITIES

576,711

575,234

CREDITORS

Amounts falling due after more than one year

8

(335,932

)

(332,625

)

PROVISIONS FOR LIABILITIES

(1,488

)

(873

)

NET ASSETS

239,291

241,736

CAPITAL AND RESERVES

Called up share capital

30

30

Fair value reserve

10

121,433

125,110

Retained earnings

117,828

116,596

SHAREHOLDERS' FUNDS

239,291

241,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 2nd September 2022 and were signed on its behalf by:

J V O'Riordan - Director

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

Revenue 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 (2021 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1st April 2021

and 31st March 2022

644,446

34,856

61,651

740,953

DEPRECIATION

At 1st April 2021

230,964

24,503

61,560

317,027

Charge for year

12,889

2,588

23

15,500

At 31st March 2022

243,853

27,091

61,583

332,527

NET BOOK VALUE

At 31st March 2022

400,593

7,765

68

408,426

At 31st March 2021

413,482

10,353

91

423,926

Cost or valuation at 31st March 2022 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2003

183,846

-

-

183,846

Cost

460,600

34,856

61,651

557,107

644,446

34,856

61,651

740,953

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2021

and 31st March 2022

150,000

NET BOOK VALUE

At 31st March 2022

150,000

At 31st March 2021

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

13,800

18,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

21,978

46,636

Trade creditors

300

-

Tax

-

1,714

VAT

924

4,529

Accrued expenses

900

900

24,102

53,779

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans - 1-2 years

22,017

34,636

Bank loans - 2-5 years

64,323

103,909

Bank loans more 5 yr by instal

249,592

194,080

335,932

332,625

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

249,592

194,080

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank loans

357,910

379,261

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

10.

RESERVES

Fair

value

reserve

£

At 1st April 2021

125,110

Transfer of realised profit

(3,677

)

At 31st March 2022

121,433

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 2022 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 loss 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

Date: .............................................