ALT Equities Limited

ALT Equities Limited

ALT EQUITIES LIMITED - Company Information

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1 January 2017 false Taxfiler 2018.11.Web 08804447business:PrivateLimitedCompanyLtd2017-01-012017-12-31 088044472016-12-31 088044472017-01-012017-12-31 08804447business:AuditExemptWithAccountantsReport2017-01-012017-12-31 08804447business:FullAccounts2017-01-012017-12-31 088044472017-12-31 08804447business:Director12017-01-012017-12-31 08804447business:RegisteredOffice2017-01-012017-12-31 088044472016-12-31 08804447core:WithinOneYear2017-12-31 08804447core:WithinOneYear2016-12-31 08804447core:ShareCapital2017-12-31 08804447core:ShareCapital2016-12-31 08804447core:RetainedEarningsAccumulatedLosses2017-12-31 08804447core:RetainedEarningsAccumulatedLosses2016-12-31 08804447business:SmallEntities2017-01-012017-12-31 08804447countries:EnglandWales2017-01-012017-12-31 08804447core:FurnitureFittings2017-01-012017-12-31 08804447core:ComputerEquipment2017-01-012017-12-31 08804447core:FurnitureFittings2016-12-31 08804447core:ComputerEquipment2016-12-31 08804447core:FurnitureFittings2017-12-31 08804447core:ComputerEquipment2017-12-31 08804447core:DisposalsRepaymentsInvestments2017-12-31 088044472016-01-012016-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08804447 (England and Wales)
ALT Equities Limited Unaudited accounts for the year ended 31 December 2017
ALT Equities Limited Unaudited accounts Contents
Page
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ALT Equities Limited Company Information for the year ended 31 December 2017
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 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,584 
9,204 
Investments
5
1 
299,999 
7,585 
309,203 
Current assets
Debtors
6
186,838 
32,100 
Cash at bank and in hand
456,333 
651,653 
643,171 
683,753 
Creditors: amounts falling due within one year
7
216,826 
(109,804)
Net current assets
859,997 
573,949 
Net assets
867,582 
883,152 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
867,382 
882,952 
Shareholders' funds
867,582 
883,152 
For the year ending 31 December 2017 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 28 September 2018.
M.Alper Director Company Registration No. 08804447
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ALT Equities Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
ALT Equities Limited is a private company, limited by shares, registered in England and Wales, registration number 08804447. The registered office 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2017
6,199 
6,051 
12,250 
Additions
1,042 
- 
1,042 
At 31 December 2017
7,241 
6,051 
13,292 
Depreciation
At 1 January 2017
535 
2,511 
3,046 
Charge for the year
646 
2,016 
2,662 
At 31 December 2017
1,181 
4,527 
5,708 
Net book value
At 31 December 2017
6,060 
1,524 
7,584 
At 31 December 2016
5,664 
3,540 
9,204 
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ALT Equities Limited Notes to the Accounts for the year ended 31 December 2017
5
Investments
Other investments 
£ 
Valuation at 1 January 2017
299,999 
Disposals
(299,998)
Valuation at 31 December 2017
1 
6
Debtors
2017 
2016 
£ 
£ 
Other debtors
186,838 
32,100 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
17,433 
- 
Taxes and social security
(34,235)
102,159 
Other creditors
(63,286)
6,291 
Loans from directors
(138,038)
104 
Accruals
1,300 
1,250 
(216,826)
109,804 
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 (2016: 0).
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