Alto Residential Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10257079 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 JUNE 2016 TO 30 JUNE 2017

FOR

ALTO RESIDENTIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Netzer

REGISTERED OFFICE:

50 Cranbourne Gardens

London

NW11 0JD

REGISTERED NUMBER:

10257079 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

CURRENT ASSETS

Stocks

1,858,554

Debtors

3

921,042

Cash at bank

20,000

2,799,596

CREDITORS

Amounts falling due within one year

4

2,815,444

NET CURRENT LIABILITIES

(15,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,848

)

CAPITAL AND RESERVES

Called up share capital

100

Profit and loss account

(15,948

)

(15,848

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 29 June 2018 and were signed by:

D Netzer - Director

1.	STATUTORY INFORMATION

Alto Residential 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Stocks

Stocks represent properties bought with the intention of selling them. Stocks are valued at the lower of cost or

net realisable value.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account,

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 period 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.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient

financial resources are available to the company to enable it to continue trading into the foreseeable future.

Therefore, the financial statements have been prepared on a going concern basis.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

921,042

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

1,517,148

Trade creditors

419,023

Other creditors

879,273

2,815,444