Company Registration No. 08729943 (England and Wales)
Alien Technology Transfer Ltd
Unaudited accounts
for the year ended 31 October 2024
Alien Technology Transfer Ltd
Unaudited accounts
Contents
Alien Technology Transfer Ltd
Company Information
for the year ended 31 October 2024
Directors
Mr F Manzi
Mr A Rufo
Company Number
08729943 (England and Wales)
Registered Office
c/o AccountsCo
47 Islington Park Street
London
N1 1QB
Accountants
AccountsCo
47 Islington Park Street
London
N1 1QB
England
Alien Technology Transfer Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
5,178
13,406
Creditors: amounts falling due within one year
(4,712)
(4,712)
Net current assets
19,234
27,462
Total assets less current liabilities
36,835
45,899
Creditors: amounts falling due after more than one year
(191,888)
(200,643)
Net liabilities
(155,053)
(154,744)
Called up share capital
2
2
Profit and loss account
(155,055)
(154,746)
Shareholders' funds
(155,053)
(154,744)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by
Mr F Manzi
Director
Company Registration No. 08729943
Alien Technology Transfer Ltd
Notes to the Accounts
for the year ended 31 October 2024
Alien Technology Transfer Ltd is a private company, limited by shares, registered in England and Wales, registration number 08729943. The registered office is c/o AccountsCo, 47 Islington Park Street, London, N1 1QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Alien Technology Transfer Ltd
Notes to the Accounts
for the year ended 31 October 2024
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
The company has changed its activities from being a trading company to being a holding company and, consequently, is unlikely to make a profit in the future. Therefore, the directors do not believe that it is prudent to account for deferred tax assets nor necessary to account for deferred tax liabilities within these financial statements.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Valuation at 1 November 2023
18,437
Fair value adjustments
(836)
Valuation at 31 October 2024
17,601
Amounts falling due within one year
Amounts due from group undertakings etc.
864
864
Accrued income and prepayments
421
421
Other debtors
17,483
17,483
Alien Technology Transfer Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
4,712
4,712
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
191,888
200,643
.In accordance with the deferred tax accounting policy the provision for deferred tax was reversed in the year.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The ultimate controlling party is Albalonga SL.
The ultimate parent undertaking and controlling party is Albalonga SL, a company incorporated in Andorra whose registered office is Aviguda del Fener, Number 22, Edifici Noguer, Escala A 5E Pis 5A Porta, Escaldes-Engordany, Andorra, which is the parent undertaking of the smallest and largest group to consolidate these financial statements. Copies of Albalonga SL consolidated financial statements are publicly available.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).