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Company No: 11078907 (England and Wales)

ALPHANE CAPITAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ALPHANE CAPITAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ALPHANE CAPITAL LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
ALPHANE CAPITAL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Christina Aguilar
SECRETARY Breams Secretaries Limited
REGISTERED OFFICE 8th Floor 71 Queen Victoria Street
London
EC4V 4AY
England
United Kingdom
COMPANY NUMBER 11078907 (England and Wales)
ALPHANE CAPITAL LIMITED

BALANCE SHEET

As at 31 December 2023
ALPHANE CAPITAL LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 1,395,472 1,330,214
1,395,472 1,330,214
Current assets
Cash at bank and in hand 334,161 952,725
334,161 952,725
Creditors: amounts falling due within one year 4 ( 26,535) ( 471,829)
Net current assets 307,626 480,896
Total assets less current liabilities 1,703,098 1,811,110
Creditors: amounts falling due after more than one year 5 ( 2,548,553) ( 2,548,553)
Net liabilities ( 845,455) ( 737,443)
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account ( 846,455 ) ( 738,443 )
Total shareholder's deficit ( 845,455) ( 737,443)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Alphane Capital Limited (registered number: 11078907) were approved and authorised for issue by the Director on 25 September 2024. They were signed on its behalf by:

Christina Aguilar
Director
ALPHANE CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ALPHANE CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all the years presented, unless otherwise stated.

General information and basis of accounting

Alphane Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8th Floor 71 Queen Victoria Street, London, EC4V 4AY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The director considers there to be sufficient working capital to cover obligations as they fall due and does not intend to recall the loan outstanding until at least 12 months after the accounts are signed.

Foreign currency

Transactions in currencies other than Sterling have been translated at the rate prevailing at the date of the transaction. Monetary assets have been retranslated at year end at the relevant closing rate. The gains or losses arising from these conversions is treated as a foreign exchange gain or loss in the current year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are held at fair value, with any unrealised gains or losses being recognised as profit or loss in the current period. Investments are treated as non-current assets on the basis that they are intended to be held for at least 12 months after the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. Ifcontribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2023 2022
Number Number
The average number of persons employed by the Company during the year was 2 3

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 1,330,214 1,330,214
Additions 4,668,392 4,668,392
Disposals ( 4,642,941) ( 4,642,941)
Movement in fair value 39,807 39,807
At 31 December 2023 1,395,472 1,395,472
Carrying value at 31 December 2023 1,395,472 1,395,472
Carrying value at 31 December 2022 1,330,214 1,330,214

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other loans 0 447,006
Other creditors 26,535 24,823
26,535 471,829

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 2,548,553 2,548,553

6. Financial commitments

Commitments

2023 2022
£ £
Total future minimum lease payments under non-cancellable operating lease 7,560 7,560

7. Related party transactions

Transactions with the entity’s director (or members of its governing body)

Amounts owed to director

2023 2022
£ £
At 1 January 2023 and 31 December 2023 2,548,553 2,548,533

The loan is interest-free and repayable on demand, but the director does not intend to recall the loan outstanding until at least 12 months after the accounts are signed.