Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302024-05-092024-05-092024-05-092023-09-30No description of principal activitytrue2022-10-01truetruetruetruefalsefalse00true 13217249 2022-10-01 2023-09-30 13217249 2021-10-01 2022-09-30 13217249 2023-09-30 13217249 2022-09-30 13217249 2021-10-01 13217249 1 2022-10-01 2023-09-30 13217249 d:Director1 2022-10-01 2023-09-30 13217249 d:Director1 2023-09-30 13217249 d:Director2 2022-10-01 2023-09-30 13217249 d:Director2 2023-09-30 13217249 d:Director3 2022-10-01 2023-09-30 13217249 d:Director3 2023-09-30 13217249 d:Director4 2022-10-01 2023-09-30 13217249 d:Director4 2023-09-30 13217249 d:Director5 2022-10-01 2023-09-30 13217249 d:Director5 2023-09-30 13217249 d:Director6 2022-10-01 2023-09-30 13217249 d:Director6 2023-09-30 13217249 d:RegisteredOffice 2022-10-01 2023-09-30 13217249 c:CurrentFinancialInstruments 2023-09-30 13217249 c:CurrentFinancialInstruments 2022-09-30 13217249 c:Non-currentFinancialInstruments 2023-09-30 13217249 c:Non-currentFinancialInstruments 2022-09-30 13217249 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 13217249 c:CurrentFinancialInstruments c:WithinOneYear 2022-09-30 13217249 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 13217249 c:Non-currentFinancialInstruments c:AfterOneYear 2022-09-30 13217249 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-09-30 13217249 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-09-30 13217249 c:UKTax 2022-10-01 2023-09-30 13217249 c:UKTax 2021-10-01 2022-09-30 13217249 c:ShareCapital 2023-09-30 13217249 c:ShareCapital 2022-09-30 13217249 c:ShareCapital 2021-10-01 13217249 c:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 13217249 c:RetainedEarningsAccumulatedLosses 2023-09-30 13217249 c:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 13217249 c:RetainedEarningsAccumulatedLosses 2022-09-30 13217249 c:RetainedEarningsAccumulatedLosses 2021-10-01 13217249 d:OrdinaryShareClass1 2022-10-01 2023-09-30 13217249 d:OrdinaryShareClass1 2023-09-30 13217249 d:OrdinaryShareClass1 2022-09-30 13217249 d:FRS102 2022-10-01 2023-09-30 13217249 d:Audited 2022-10-01 2023-09-30 13217249 d:FullAccounts 2022-10-01 2023-09-30 13217249 d:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13217249 c:Subsidiary1 2022-10-01 2023-09-30 13217249 c:Subsidiary1 1 2022-10-01 2023-09-30 13217249 c:Subsidiary2 2022-10-01 2023-09-30 13217249 c:Subsidiary2 1 2022-10-01 2023-09-30 13217249 2 2022-10-01 2023-09-30 13217249 6 2022-10-01 2023-09-30 13217249 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13217249










ALPHA GROUP MIDCO LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023



 
ALPHA GROUP MIDCO LIMITED
 

COMPANY INFORMATION


Directors
Mr A Hulbert (resigned 14 April 2023)
Mr K Tsang (resigned 14 April 2023)
Mr A Holmes (appointed 14 April 2023, resigned 9 May 2024)
Mr D Rolfe (resigned 24 November 2023)
Mr D Richards (appointed 14 April 2023)
Mr J Clarke (appointed 9 May 2024)




Registered number
13217249



Registered office
R+ Building
2 Blagrave Street

Reading

RG1 1AZ




Independent auditor
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor

2 Chawley Park

Cumnor Hill

Oxford

Oxfordshire

OX2 9GG





 
ALPHA GROUP MIDCO LIMITED
 

CONTENTS



Page
Strategic Report
1
Directors' Report
2
Directors' Responsibilities Statement
3
Independent Auditor's Report
4 - 6
Statement of Comprehensive Income
7
Balance Sheet
8
Statement of Changes in Equity
9
Notes to the Financial Statements
10 - 16


 
ALPHA GROUP MIDCO LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

Introduction
 
The directors present their strategic report for the period ended 30 September 2023.

Business review
 
The Company is a holding company for the period under review. The loss made in the period relates to the finance costs on its loan notes exceeding the intercompany interest receivable. 

Principal risks and uncertainties
 
As the Company is a holding company and does not trade, there are no prinicipal risks in the Company. 

Financial key performance indicators
 
Key financial performance indicators are:
Loss before taxation for the period was £50,602 (2022 - Profit of £17,280).
Net liabilities at the period end were £117,466 (2022 - Net assets of £15,288).

Other key performance indicators
 
Given the straightforward nature of the Company, there are no other key performance indicators.
Financial risk management
The Company is not exposed to financial risk given it is a holding company.
Currency risk
The Company is not exposed to a foreign exchange risk.
Credit risk
The Company is not exposed to any credit risk.
Liquidity risk
The Company seeks to manage risks to ensure sufficient liquidity is available to meets foreseeable needs. Should a shortfall of liquidity be identified, then additional borrowings from the Group will be provided. 


This report was approved by the board and signed on its behalf.



Mr J Clarke
Director

Date: 7 October 2024

Page 1

 
ALPHA GROUP MIDCO LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Directors present their report and the financial statements for the year ended 30 September 2023.

Directors

The Directors who served during the year were:

Mr A Hulbert (resigned 14 April 2023)
Mr K Tsang (resigned 14 April 2023)
Mr A Holmes (appointed 14 April 2023 , resigned 9 May 2024)
Mr D Rolfe (resigned 24 November 2023)
Mr D Richards (appointed 14 April 2023)

Results and dividends

The loss for the year, after taxation, amounted to £132,754 (2022 - profit £17,280).

Disclosure of information to auditor

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Post balance sheet events

On 24 November 2023, there was a change in ownership of Alpha Group Bidco Limited whereby the ultimate controlling entity changed from NVM II GP LLP to Juran Bidco Limited.

Auditor

The auditor, James Cowper Kreston Auditwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Mr J Clarke
Director

Date: 7 October 2024

Page 2

 
ALPHA GROUP MIDCO LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the Directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

 
ALPHA GROUP MIDCO LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ALPHA GROUP MIDCO LIMITED
 

Opinion


We have audited the financial statements of Alpha Group Midco Limited (the 'Company') for the year ended 30 September 2023, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 September 2023 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 
ALPHA GROUP MIDCO LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ALPHA GROUP MIDCO LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
ALPHA GROUP MIDCO LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ALPHA GROUP MIDCO LIMITED (CONTINUED)


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements
in respect of irregularities, including fraud, were as follows:

Enquiry of management and those charged with governance around actual and potential litigation and claims;
Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





James Pitt BA BPF FCA (Senior Statutory Auditor)
for and on behalf of
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
2 Chawley Park
Cumnor Hill
Oxford
Oxfordshire
OX2 9GG

8 October 2024
Page 6

 
ALPHA GROUP MIDCO LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Interest receivable and similar income
 5 
969,129
913,127

Interest payable and similar expenses
 6 
(1,019,731)
(895,847)

(Loss)/profit before tax
  
(50,602)
17,280

Tax on (loss)/profit
 7 
(82,152)
-

(Loss)/profit for the financial year
  
(132,754)
17,280

There was no other comprehensive income for 2023 (2022:£NIL).

The notes on pages 10 to 16 form part of these financial statements.

Page 7

 
ALPHA GROUP MIDCO LIMITED
REGISTERED NUMBER: 13217249

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 8 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 9 
13,082,790
12,342,284

  
13,082,790
12,342,284

Creditors: amounts falling due within one year
 10 
(2,093,757)
(1,220,497)

Net current assets
  
 
 
10,989,033
 
 
11,121,787

Total assets less current liabilities
  
10,989,034
11,121,788

Creditors: amounts falling due after more than one year
 11 
(11,106,500)
(11,106,500)

  

Net (liabilities)/assets
  
(117,466)
15,288


Capital and reserves
  

Called up share capital 
 13 
1
1

Profit and loss account
 14 
(117,467)
15,287

  
(117,466)
15,288


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 October 2024.




Mr J Clarke
Director

The notes on pages 10 to 16 form part of these financial statements.

Page 8

 
ALPHA GROUP MIDCO LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2022
1
15,287
15,288



Loss for the year
-
(132,754)
(132,754)


At 30 September 2023
1
(117,467)
(117,466)


The notes on pages 10 to 16 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2021
1
(1,993)
(1,992)



Profit for the year
-
17,280
17,280


At 30 September 2022
1
15,287
15,288


The notes on pages 10 to 16 form part of these financial statements.

Page 9

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Alpha Group Midco Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered office address is R+ Building, 2 Blagrave Street, Reading, RG1 1AZ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Alpha Group Topco Limited as at 30 September 2023 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

Page 10

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Going concern

The Company has made a loss before tax of £132,754 during the period ended 30 September 2023 (2022 - profit before tax of £17,280), has net current assets as at 30 September 2023 of £10,989,033 (2022 - of £11,121,788) and net liabilities of £117,466 (2022 - net assets of £15,288).
Forecasts have been prepared using what the directors consider to be reasonable assumptions relating to the Company’s financial performance, current financial position and existing financial resources for a period of a period of least 12 months from the signing of the financial statements which show the Company to have sufficient liquidity to meet its financial obligations as they fall due. The Company is reliant on group borrowings not being called in for repayment for a period of at least 12 months from the signing of the financial statements unless the Company has sufficient resources to do so.
The Company is part of a group which has borrowings subject to various covenants assessed on the Group’s results. The forecasts prepared for a period of least 12 months from the signing of the financial statements which show the Group will comply with its covenants for this period.
Based on the above, The Directors are of the opinion that the going concern principle is applicable and that the Company has the necessary resources to continue as a going concern for the foreseeable future.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 11

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Auditor's remuneration

The audit fee for the Company has been borne by its subsidiary. 


4.


Employees




The Company has no employees other than the Directors, who did not receive any remuneration (2022 - £NIL).


5.


Interest receivable

2023
2022
£
£


Interest receivable from group companies
969,129
913,127

Page 12

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Interest payable and similar expenses

2023
2022
£
£


Other loan interest payable
1,011,818
888,521

Loans from group undertakings
7,913
7,326

1,019,731
895,847


7.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
82,152
-


Total current tax
82,152
-

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2022 - lower than)  the standard rate of corporation tax in the UK of 22.01% (2022 - 19%). The differences are explained below:

2023
2022
£
£


(Loss)/profit on ordinary activities before tax
(50,602)
17,280


(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 22.01% (2022 - 19%)
(11,137)
3,283

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
93,289
168,819

Group relief
-
(172,102)

Total tax charge for the year
82,152
-


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 13

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
1



At 30 September 2023
1





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Alpha Group Bidco Limited
R+ Building, 2 Blagrave Street, Reading, RG1 1AZ
Ordinary
100%
Pareto Facilities Management Limited*
R+ Building, 2 Blagrave Street, Reading, RG1 1AZ
Ordinary
100%

*Indirect subsidiary


9.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
13,082,790
12,327,213

Other debtors
-
15,071

13,082,790
12,342,284


Amounts owed by group undertakings have interest charged at 8% per annum and there are no fixed dates for repayment.

Page 14

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
1,255,174
1,121,143

Amounts owed to group undertakings
771,502
98,907

Corporation tax
67,081
447

2,093,757
1,220,497


Amounts owed to group undertakings have interest charged at 8% per annum and there are no fixed dates for repayment.


11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
11,106,500
11,106,500



12.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
1,255,174
1,121,143


1,255,174
1,121,143

Amounts falling due 1-2 years

Other loans
11,106,500
11,106,500


11,106,500
11,106,500

12,361,674
12,227,643


The loan notes are secured by way of fixed and floating charges over the assets of the group. 
Loan notes consist of loans from NVM Private Equity LLP and Management loan notes which incur interest at a rate of 8% and are repayable in 5 years' time.

Page 15

 
ALPHA GROUP MIDCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

13.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



14.


Reserves

Profit and loss account

The profit & loss account is a Company's accumulated profit/loss up to the date of the balance sheet. 


15.


Post balance sheet events

On 24 November 2023, there was a change in ownership of Alpha Group Bidco Limited whereby the ultimate controlling entity changed from NVM II GP LLP to Juran Bidco Limited.


16.


Controlling party

In the opinion of the directors, the ultimate controlling party until the 24th November 2023 was NVM III GP LLP, incorporated in England and Wales, by virtue of its position as a general partner of the NVM Private Equity Vintage III L.P. fund. The registered office of NVM III GP LLP is 32 Gallowgate, Newcastle Upon Tyne, Tyne and Wear, NE1 4SN. 
Since  the  24th  November  2023  the  directors  believe  the  ultimate  controlling  entity  to  be  Juran  Bidco Limited,  incorporated  in  England  and  Wales.  The  registered  office  of  Juran  Bidco  Limited  is  Stratton House 3rd Floor, Startton Street, London, W1J 8LA.
The largest and smallest group in which the results of the Company are consolidated is that headed by Alpha Group TopCo Limited, incorporated in Great Britain. The consolidated accounts of this Company are available to the public and can be obtained from  Companies House, Crown Way, Cardiff, CF14 3UZ.
No other group accounts include the results of the Company.

Page 16