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

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REGISTERED NUMBER: 03989524 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

ALTONROSE LIMITED

Page

Company Information

Statement of Financial Position

Notes to the Financial Statements

Chartered Accountants' Report

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

Tangible assets

455,581

471,965

CURRENT ASSETS

Cash at bank and in hand

7,851

10,527

CREDITORS

Amounts falling due within one year

50,011

56,958

NET CURRENT LIABILITIES

(42,160

)

(46,431

)

TOTAL ASSETS LESS CURRENT LIABILITIES

413,421

425,534

CREDITORS

Amounts falling due after more than one
year

(140,735

)

(166,927

)

PROVISIONS FOR LIABILITIES

(1,844

)

(2,625

)

NET ASSETS

270,842

255,982

CAPITAL AND RESERVES

Called up share capital

Fair value reserve

143,465

Retained earnings

127,347

112,487

SHAREHOLDERS' FUNDS

270,842

255,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19th August 2018 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 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 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 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

COST OR VALUATION

At 1st April 2017

and 31st March 2018

637,251

27,056

61,651

725,958

DEPRECIATION

At 1st April 2017

179,840

12,825

61,328

253,993

Charge for year

12,745

3,558

16,384

At 31st March 2018

192,585

16,383

61,409

270,377

NET BOOK VALUE

At 31st March 2018

444,666

10,673

242

455,581

At 31st March 2017

457,411

14,231

323

471,965

Cost or valuation at 31st March 2018 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

Valuation in 2003

183,846

Cost

453,405

27,056

61,651

542,112

637,251

27,056

61,651

725,958

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

Bank loans and overdrafts

25,000

24,000

Tax

7,085

5,044

VAT

1,526

1,714

Other creditors

15,000

Directors' current accounts

500

10,000

Accrued expenses

900

1,200

50,011

56,958

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

Bank loans - 1-2 years

26,000

25,000

Bank loans - 2-5 years

81,000

78,000

Bank loans more 5 yr by instal

33,735

63,927

140,735

166,927

31.3.18

31.3.17

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

33,735

63,927

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

Bank loans

165,735

190,927

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

RESERVES

Fair

value

reserve

At 1st April 2017

and 31st March 2018

143,465

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 2018 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

28th August 2018