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REGISTERED NUMBER: 00668704 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

ALODIUM LIMITED

ALODIUM LIMITED (REGISTERED NUMBER: 00668704)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALODIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Mrs G Puggioni





SECRETARY: Mrs G Puggioni





REGISTERED OFFICE: 30 Fitzjohns Avenue
Hampstead
London
NW3 5NB





REGISTERED NUMBER: 00668704 (England and Wales)





ACCOUNTANTS: Hovnan & Co Ltd
Chartered Accountants
106 Ashurst Road
Cockfosters
London
EN4 9LG

ALODIUM LIMITED (REGISTERED NUMBER: 00668704)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,897 20,206
Investment property 5 6,870,000 6,870,000
6,887,897 6,890,206

CURRENT ASSETS
Debtors 6 4,253 16,629
Cash at bank 185,742 194,466
189,995 211,095
CREDITORS
Amounts falling due within one year 7 47,321 45,061
NET CURRENT ASSETS 142,674 166,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,030,571

7,056,240

PROVISIONS FOR LIABILITIES 8 1,001,979 1,064,838
NET ASSETS 6,028,592 5,991,402

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 4,669,201 4,669,201
Retained earnings 1,359,291 1,322,101
SHAREHOLDERS' FUNDS 6,028,592 5,991,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ALODIUM LIMITED (REGISTERED NUMBER: 00668704)

BALANCE SHEET - continued
31 MARCH 2018


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 director on 8 June 2018 and were signed by:





Mrs G Puggioni - Director


ALODIUM LIMITED (REGISTERED NUMBER: 00668704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Alodium 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.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for rents.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Investment property is not depreciated.

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 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 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.

Financial instruments
Basic financial instruments are initally recognised at the transaction price including any transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an
arrangement constitutes a financing transaction it is measured at present value of the future payments discounted
at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

ALODIUM LIMITED (REGISTERED NUMBER: 00668704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 62,968
Additions 849
At 31 March 2018 63,817
DEPRECIATION
At 1 April 2017 42,762
Charge for year 3,158
At 31 March 2018 45,920
NET BOOK VALUE
At 31 March 2018 17,897
At 31 March 2017 20,206

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 6,870,000
NET BOOK VALUE
At 31 March 2018 6,870,000
At 31 March 2017 6,870,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2015 4,969,433
Valuation in 2016 500,000
Valuation in 2017 1,370,000
Cost 30,567
6,870,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.18 31.3.17
£    £   
Cost 30,567 30,567

Investment property was valued on an open market basis on 23 February 2017 by Barrett Firrell Chartered Surveyors
.

The director believes there has not been any material change in the value of the investment property in the year.

ALODIUM LIMITED (REGISTERED NUMBER: 00668704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other debtors 4,253 16,629

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 18,072 20,024
Other creditors 29,249 25,037
47,321 45,061

8. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 1,001,979 1,064,838

Deferred
tax
£   
Balance at 1 April 2017 1,064,838
Provided during year (62,859 )
Balance at 31 March 2018 1,001,979

9. RESERVES
Fair
value
reserve
£   
At 1 April 2017
and 31 March 2018 4,669,201

10. RELATED PARTY DISCLOSURES

Included in other creditors is £12,260 (2017: £12,260) due to Mr NG Ladas, a shareholder of the company. The
loan is interest free and repayable on demand.