ALPHA VENUE & EVENT PEOPLE LTD

Company Registration Number:
08236851 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

ALPHA VENUE & EVENT PEOPLE LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

ALPHA VENUE & EVENT PEOPLE LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 217,107 65,130
Investments: 4 528,009 3,175
Total fixed assets: 745,116 68,305
Current assets
Debtors: 5 1,403,848 588,063
Cash at bank and in hand: 922,971 1,462,596
Total current assets: 2,326,819 2,050,659
Creditors: amounts falling due within one year: 6 (1,668,889) (1,155,540)
Net current assets (liabilities): 657,930 895,119
Total assets less current liabilities: 1,403,046 963,424
Creditors: amounts falling due after more than one year: 7 (99,492) (188,588)
Total net assets (liabilities): 1,303,554 774,836
Capital and reserves
Called up share capital: 1,050 1,050
Other reserves: 150 150
Profit and loss account: 1,302,354 773,636
Shareholders funds: 1,303,554 774,836

The notes form part of these financial statements

ALPHA VENUE & EVENT PEOPLE LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 December 2023
and signed on behalf of the board by:

Name: George Saladze
Status: Director

The notes form part of these financial statements

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, and represents the invoiced value of goods sold and services provided excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

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:Motor vehicles 25% p.a at the reducing balance methodFixtures & fittings 15% p.a at the reducing balance method

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 43 43

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 147,053
Additions 206,068
At 31 October 2023 353,121
Depreciation
At 01 November 2022 81,923
Charge for year 54,091
At 31 October 2023 136,014
Net book value
At 31 October 2023 217,107
At 31 October 2022 65,130

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Fixed investments

Fixed assets investment comprises a freehold property acquired during the year at a cost of £524,834. The property is used as office for the running of the business and for storage and as a centre for staff training. The property is stated at cost as in the directors opinion the cost equates to market value.It also comprises £100 cost of acquiring 100% of the share capital of Alpha Crew Ltd a company registered in England & Wales under number 8243152 which is a dormant company. It also comprises £3,075 which is the cost of acquiring 15% of the share capital of Alpha Crew Sarl in France.

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 363,285 0

Debtors due after more than one year represent loans made to related companies of which £300,000 was made to Alpha Global Holdings Ltd a company registered in England & Wales under number 14583775, all share capital of which is owned by the directors of Alpha Venue & Event People Ltd. The rate of interest of the loan is 3.25% p.a. and has variable terms of repayments. No interest was charged in the first year. and £63,285 made to Alpha Logistics Ltd.a company registered in England and Wales under number 12985525 and is owned by and under the control of the directors of Alpha venue & Event People Ltd .The rate of interest on the loan was 3.25% p.a. and had varying terms of repayments .

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts £89,549 ( 2022: £83,915)Obligations under finance leases and hire purchase contracts - £Nil (2022: £14,822)Trade creditors £614,029 (2022: £300,161)Taxes and social security £620,444 (2022: £568,176)Other creditors £163,550 -( 2022: £Nil)Loans from directors £58,994 (2022: £60,146)Accruals £122,323 (2022: £128,320)Total £1,668,889 (2022: £ 1,155,540)

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Creditors: amounts falling due after more than one year note

Bank Loans 2023 £99,4922022 £188,588

ALPHA VENUE & EVENT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Related party transactions

Name of the related party: Alpha Global Holdings Ltd
Relationship:
All share capital is owned by the directors of Alpha Venue & Event People Ltd
Description of the Transaction: The company made a loan of £300,000 to Alpha Global Holdings Ltd during the year at the rate of interest of 3.25% p.a.. The loan has variable terms of repayments. No interest was charged in the first year.
£
Balance at 01 November 2022 0
Balance at 31 October 2023 300,000
Name of the related party: Alpha Logistic Services Ltd
Relationship:
All share capital is owned by the directors of Alpha venue & Event People Ltd
Description of the Transaction: A loan of £60,000 plus outstanding interest of £3,285 . The interest on the loan is 3.25% p.a. and had varying terms of repayments .
£
Balance at 01 November 2022 62,506
Balance at 31 October 2023 63,285
Name of the related party: Alpha Crew Sarl France
Relationship:
Alpha Venue & Event People Ltd owns 15% of the ordinary share capital of Alpha Crew Sarl
Description of the Transaction: £10,000 was paid by the company for consultancy services provided by Alpha Crew Sarl at arms length
£
Balance at 01 November 2022 0
Balance at 31 October 2023 0