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Sage Accounts Production 24.0 - FRS102_2024
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Company registration number:
13291571
Alpha One Quantum Limited
Unaudited filleted financial statements
31 March 2024
Alpha One Quantum Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Alpha One Quantum Limited
Directors and other information
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Director |
M J Brewer |
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Company number |
13291571 |
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Registered office |
5 Underwood Street |
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London |
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N1 7LY |
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Alpha One Quantum Limited
Statement of financial position
31 March 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
|
4 |
1 |
|
|
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1 |
|
|
Cash at bank and in hand |
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|
7,201 |
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|
|
- |
|
|
|
|
|
_______ |
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_______ |
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7,202 |
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1 |
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|
Creditors: amounts falling due |
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|
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|
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within one year |
|
5 |
(
2,243) |
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|
- |
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_______ |
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|
_______ |
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Net current assets |
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4,959 |
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1 |
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_______ |
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_______ |
Total assets less current liabilities |
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4,959 |
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1 |
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_______ |
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_______ |
Net assets |
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4,959 |
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1 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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|
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1 |
Profit and loss account |
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4,958 |
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|
- |
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|
_______ |
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_______ |
Shareholder funds |
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4,959 |
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1 |
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_______ |
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_______ |
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 October 2024
, and are signed on behalf of the board by:
M J Brewer
Director
Company registration number:
13291571
Alpha One Quantum Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1 |
1 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Corporation tax |
|
1,163 |
- |
|
Other creditors |
|
1,080 |
- |
|
|
|
_______ |
_______ |
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|
2,243 |
- |
|
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_______ |
_______ |
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6.
Controlling party
The reporting entity is wholly owned by Alpha One Strategies Ltd, a company registered in England and Wales, whose address is at 5 Underwood Street, London, England, N1 7LY.