REGISTERED NUMBER: 10462003 (England and Wales)

THE ALTRO FOUNDATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 NOVEMBER 2016 TO 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S M De Los Rios

R J Kahn

REGISTERED OFFICE:

Works Road

Letchworth Garden City

Hertfordshire

SG6 1NW

REGISTERED NUMBER:

10462003 (England and Wales)

CURRENT ASSETS

Debtors

4

700

Cash at bank

269,905

270,605

CREDITORS

Amounts falling due within one year

5

(109,777

)

NET CURRENT ASSETS

160,828

TOTAL ASSETS LESS CURRENT LIABILITIES

160,828

RESERVES

Retained earnings

160,828

160,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 July 2018 and were signed on its behalf by:

R J Kahn - Director

1.	STATUTORY INFORMATION

The Altro Foundation Limited is a private company, limited by guarantee , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's registered office is also its principal place of business.

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.

The directors have submitted an application to the Charity Commission for the company to be

recognised as a registered charity. Whilst this has not yet been granted, the directors believe the

company meets the definition of a Public Benefit Entity under FRS 102.

The financial statements are for a period greater than 12 months as they are the first financial

statements of the company, covering the period from the date of incorporation to 31 December 2017.

Turnover

Turnover comprises cash donations receivable from Altro Limited. Turnover is recognised when the

company is entitled to the income and the amount can be quantified with reasonable accuracy.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the

current or past reporting periods using tax rates that have been enacted or substantively enacted by

the reporting date.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise of cash at bank.

Trade and other receivables

Trade and other receivables are measured at transaction price less any impairment unless the

arrangement constitutes a financing transaction in which case the transaction is measured at the

present value of the future receipts discounted at the prevailing market rate of interest.

Trade and other payables

Trade and other payables are measured at their transaction price unless the arrangement constitutes a

financing transaction in which case the transaction is measured at present value of future payments

discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair

value net of their transaction costs. They are subsequently measured at amortised cost using the

effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

700

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

38,688

Other creditors

71,089

109,777

6.	MEMBERS LIABILITY

Each member of the company undertakes to contribute up to £10 to the assets of the company in the

event of it being wound up.