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REGISTERED NUMBER: 10614477 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ALLIANTIST HOLDINGS LIMITED

ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLIANTIST HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S R Baxter
P J Darby
M E Darby
M J Rourke





REGISTERED OFFICE: Sussex Innovation Centre
Science Park Square
Sussex University
Falmer
East Sussex
BN1 9SB





REGISTERED NUMBER: 10614477 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,337,348 1,251,923

CURRENT ASSETS
Cash at bank 1,014,625 1,004,344

CREDITORS
Amounts falling due within one year 5 (1,407,359 ) (1,319,455 )
NET CURRENT LIABILITIES (392,734 ) (315,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,614

936,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 944,514 936,712
SHAREHOLDERS' FUNDS 944,614 936,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 November 2023 and were signed on its behalf by:





M E Darby - Director


ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Alliantist Holdings 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.

The presentation currency of the financial statements is the pound sterling (£)

2. ACCOUNTING POLICIES

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

Going concern
After reviewing the company's forecasts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

Share-based payments
The Company has granted share options ('equity-settled share-based payments') to certain employees of its subsidiary company.

Equity-settled share-based payments are measured at the fair value as the grant date by reference to the fair value of the equity instrument using the Black-Scholes model. The expense in relation to the options granted to employees of the company's subsidiary are recognised by the company as a capital contribution and presented as an increased in the company's investment in that subsidiary.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2022 1,251,923
Additions 85,425
At 31 March 2023 1,337,348
NET BOOK VALUE
At 31 March 2023 1,337,348
At 31 March 2022 1,251,923

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,200
Amounts owed to group undertakings 1,403,670 1,310,902
Tax 1,123 -
Directors' current accounts 366 366
Accruals and deferred income 2,200 6,987
1,407,359 1,319,455

ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. SHARE-BASED PAYMENTS

Under the company plan, share options are granted to key employees at the average price of the company's shares at the grant date. The employee is entitled to exercise a proportion of the share options annually, from the grant date (the "vesting period"). Options are forfeited if the employee leaves the company before they become entitled to exercise the share options.





March
options
number
Weighted
average
exercise price



)
Outstanding at 1 April28,77010.00
Granted during the period12,38010.00
Forfeited during the period-10.00
Exercised during the period--
Expired during the period--
Outstanding at end of period41,15010.00

Exercisable at end of period17,76010.00

The weighted average fair value of options granted in the year was determined using the Black-Scholes option pricing model. The Black-Scholes model is considered to apply the most appropriate valuation method due to the relatively short contractual lives of the options and the requirement to exercise within a short period after the employee becomes entitled to the shares (the "vesting date").

The expected life used in the model has been adjusted, based on management's best estimate, for the effect of non-transferability, exercise restrictions and behavioural considerations.

Non-vesting conditions and market conditions are taken into account when estimating the fair value of the option at grant date. Service conditions and non-market performance conditions are taken into account by adjusting the number of options expected to vest at each reporting date.

The total charge for the period was £Nil (2022: £Nil).