Registered number
04883231
Burford Alpha Limited
Filleted Abridged Accounts
31 March 2024
Burford Alpha Limited
Registered number: 04883231
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 1 1
Current assets
Debtors 6 13,767,150 13,666,611
Cash at bank and in hand 748,128 645,314
14,515,278 14,311,925
Creditors: amounts falling due within one year 7 (25,595,926) (25,392,000)
Net current liabilities (11,080,648) (11,080,075)
Net liabilities (11,080,647) (11,080,074)
Capital and reserves
Called up share capital 101 101
Share premium 18,999,900 18,999,900
Profit and loss account (30,080,648) (30,080,075)
Shareholder's funds (11,080,647) (11,080,074)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
J Gleek
Director
Approved by the board on 3 September 2024
Burford Alpha Limited
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on the going concern basis, notwithstanding the
Company's net current liabilities, on the basis that the ultimate parent company, Burford
Beta Holdings Limited, has undertaken to provide continued support for a period of at
least twelve months from the date of approval of these financial statements.
Related party exemption
The company has taken advantage of the exemption in FRS 102 not to disclose related party
transactions or balances with entities which form part of the group.
Preparation of consolidated financial statements
The financial statements contain information about Burford Alpha Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Taxation comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets or 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 statement of financial position date.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Loans Written off
In April 2020 the company, together with the wider Group, entered into restructuring agreements.

The amount owed to a former group undertaking, Burford Epsilon (in administration) of £209,609,000 and the amount owed to a fellow group undertaking of £414,980,000, together £624,589,000, were assigned to the immediate parent and ultimate parent undertaking, Burford Beta Holdings Limited, thus making the company indebted to Burford Beta Holdings Limited.

Burford Beta Holdings Limited agreed to release the company from its obligations in respect of the debt for a consideration of £19,000,000 made up of the allotment and issue of 100 ordinary shares of £1 each at a premium of £189,999 per share. This gave rise to a write off of the loans in the sum of £605,589,000.
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 31 March 2024 1 - 1
5 Taxation 2024 2023
£ £
UK Corporation tax for the year - -
Under / (overprovision) in respect of prior years - -
Deferred tax - -
- -
6 Debtors : Amount falling due within one year 2024 2023
£ £
Amounts owed by fellow group undertakings 13,767,150 13,666,611
13,767,150 13,666,611
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 230 230
Amounts owed to former group undertaking (note 3) 25,564,796 25,360,870
Other creditors 30,900 30,900
25,595,926 25,392,000
8 Retained earnings
The retained earnings deficit are distributable reserves.
9 Immediate parent and ultimate parent undertakings
The company's immediate parent and ultimate parent undertaking is Burford Beta Holdings
Limited, a company incorporated in England and Wales and whose registered office is
Richmond House, Avonmouth Way, Avonmouth, Bristol BS11 8DE.
10 Other information
Burford Alpha Limited is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House
Avonmouth Way,
Avonmouth
Bristol,
BS11 8DE
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