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REGISTERED NUMBER: 08746930 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALFA COMPANY INVESTMENTS LIMITED

ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALFA COMPANY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J L Vinas-Landin
Mrs R Seoane-Standt





SECRETARY: Mrs R Seoane-Standt





REGISTERED OFFICE: Office No. 3
Anchor Warehouse
Anchor Quay
PENRYN
Cornwall
TR10 8GZ





REGISTERED NUMBER: 08746930 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 5 2,012 2,175
Investments 6 888,676 888,676
890,688 890,851

CURRENT ASSETS
Debtors 7 7,676 7,876
Cash at bank 19,609 67,136
27,285 75,012
CREDITORS
Amounts falling due within one year 8 338,667 326,358
NET CURRENT LIABILITIES (311,382 ) (251,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,306

639,505

CAPITAL AND RESERVES
Called up share capital 9 7,501 7,501
Retained earnings 571,805 632,004
SHAREHOLDERS' FUNDS 579,306 639,505

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




Mr J L Vinas-Landin - Director


ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930)

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

1. STATUTORY INFORMATION

Alfa Company Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents & licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
The accounts are stated in euros being the main currency for financial transactions.

Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930)

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

3. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company will return to profitability in the near future. This assessment is based on the company's current financial position, projected future cash flows, and the continued financial support from the parent company. The directors have received confirmation from the parent company of its intention to provide the necessary financial support to ensure that the company can meet its obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
€   
COST
At 1 January 2023
and 31 December 2023 66,960
AMORTISATION
At 1 January 2023 64,785
Charge for year 163
At 31 December 2023 64,948
NET BOOK VALUE
At 31 December 2023 2,012
At 31 December 2022 2,175

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
COST
At 1 January 2023
and 31 December 2023 888,676
NET BOOK VALUE
At 31 December 2023 888,676
At 31 December 2022 888,676

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade debtors 7,024 7,024
Amounts owed by group undertakings 375 375
Other debtors 277 477
7,676 7,876

ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade creditors 571 1,832
Amounts owed to group undertakings 322,550 322,550
Taxation and social security - 89
Other creditors 15,546 1,887
338,667 326,358

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: €    €   
6,819 Ordinary €1.10 7,501 7,501

10. RELATED PARTY DISCLOSURES

As at the year end Alfaway Hotels Sociedade Hoteleira LDA owed €375 to the company (2022- €375).

Bluesock Hostel LDA is a company in the same group as Alfa Company Investments Limited. As at the year-end Bluesock Hostel LDA owed the company €7,023 (2022- €7,023).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J L Vinas-Landin.