ALT Equities Limited

ALT Equities Limited

ALT EQUITIES LIMITED - Company Information

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1 January 2016 false Taxfiler 2017.31.Web 08804447business:PrivateLimitedCompanyLtd2016-01-012016-12-31 088044472015-12-31 088044472016-01-012016-12-31 08804447business:AuditExemptWithAccountantsReport2016-01-012016-12-31 08804447business:FullAccounts2016-01-012016-12-31 088044472016-12-31 08804447business:Director12016-01-012016-12-31 08804447business:RegisteredOffice2016-01-012016-12-31 088044472015-12-31 08804447core:WithinOneYear2016-12-31 08804447core:WithinOneYear2015-12-31 08804447core:ShareCapital2016-12-31 08804447core:ShareCapital2015-12-31 08804447core:RetainedEarningsAccumulatedLosses2016-12-31 08804447core:RetainedEarningsAccumulatedLosses2015-12-31 08804447business:SmallEntities2016-01-012016-12-31 08804447countries:EnglandWales2016-01-012016-12-31 08804447core:FurnitureFittings2016-01-012016-12-31 08804447core:ComputerEquipment2016-01-012016-12-31 08804447core:FurnitureFittings2015-12-31 08804447core:ComputerEquipment2015-12-31 08804447core:FurnitureFittings2016-12-31 08804447core:ComputerEquipment2016-12-31 088044472015-01-012015-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08804447 (England and Wales)
ALT Equities Limited Unaudited accounts for the year ended 31 December 2016
ALT Equities Limited Unaudited accounts Contents
Page
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ALT Equities Limited Company Information for the year ended 31 December 2016
Director
M.Alper
Company Number
08804447 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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ALT Equities Limited Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9,204 
4,625 
Investments
5
299,999 
299,999 
309,203 
304,624 
Current assets
Debtors
6
32,100 
31,500 
Cash at bank and in hand
651,653 
291,945 
683,753 
323,445 
Creditors: amounts falling due within one year
7
(109,804)
(99,078)
Net current assets
573,949 
224,367 
Net assets
883,152 
528,991 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
882,952 
528,791 
Shareholders' funds
883,152 
528,991 
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 August 2017.
M.Alper Director Company Registration No. 08804447
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ALT Equities Limited Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
ALT Equities Limited is a private company, limited by shares, registered in England and Wales, registration number 08804447. The registered office and principal place of business is 103 High Street, Waltham Cross, Herts, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% straight line
Computer equipment
33 1/3% straight line
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ALT Equities Limited Notes to the Accounts for the year ended 31 December 2016
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2016
1,014 
4,525 
5,539 
Additions
5,185 
1,526 
6,711 
At 31 December 2016
6,199 
6,051 
12,250 
Depreciation
At 1 January 2016
53 
861 
914 
Charge for the year
482 
1,650 
2,132 
At 31 December 2016
535 
2,511 
3,046 
Net book value
At 31 December 2016
5,664 
3,540 
9,204 
At 31 December 2015
961 
3,664 
4,625 
5
Investments
Other investments 
£ 
Valuation at 1 January 2016
299,999 
Valuation at 31 December 2016
299,999 
6
Debtors
2016 
2015 
£ 
£ 
Other debtors
32,100 
31,500 
7
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Taxes and social security
102,159 
71,786 
Other creditors
6,291 
- 
Loans from directors
104 
26,142 
Accruals
1,250 
1,150 
109,804 
99,078 
8
Transactions with related parties
The company was under the control of Mr.M.Alper throughout the current period. Mr.M.Alper is personally interested in 100% of the company's Class A ordinary shares. In addition Mrs.M.Rathaus-Alper is in control of 100% of the company's Class B ordinary shares. Mr.M.Alper received a dividend from the company during the year of £27,500 (2015 £30,000).
9
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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