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REGISTERED NUMBER: 11432273 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ALIDINA CAPITAL LTD

ALIDINA CAPITAL LTD (REGISTERED NUMBER: 11432273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ALIDINA CAPITAL LTD (REGISTERED NUMBER: 11432273)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Investments 4 6,559,090 306,256

CURRENT ASSETS
Debtors 5 603,222 977,934
Cash at bank 408,102 10,696
1,011,324 988,630
CREDITORS
Amounts falling due within one year 6 901,055 947,603
NET CURRENT ASSETS 110,269 41,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,669,359

347,283

CAPITAL AND RESERVES
Called up share capital 6,402 350
Share premium 6,045,946 -
Retained earnings 617,011 346,933
SHAREHOLDERS' FUNDS 6,669,359 347,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mr M A Alidina - Director


ALIDINA CAPITAL LTD (REGISTERED NUMBER: 11432273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Alidina Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11432273

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about Alidina Capital Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Investments in associates
Investments in associates undertakings are recognised at cost less impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ALIDINA CAPITAL LTD (REGISTERED NUMBER: 11432273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible 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 and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 July 2023 306,256
Additions 6,252,835
Disposals (1 )
At 30 June 2024 6,559,090
NET BOOK VALUE
At 30 June 2024 6,559,090
At 30 June 2023 306,256

During the year, the company made an additional investment of £6,252,835 in associates undertakings as part of a strategic realignment. The directors believe that this restructuring will strengthen the company's long-term returns and provide better support for its core operations.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 603,222 977,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors - 1,920
Taxation and social security 367 -
Other creditors 900,688 945,683
901,055 947,603

ALIDINA CAPITAL LTD (REGISTERED NUMBER: 11432273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. RELATED PARTY DISCLOSURES

Included in the other debtors due within a year is an amount of £603,222 (2023: £95,963) due from connected companies under common directorship. The loans remain interest free and recoverable on demand. Also, included is an amount of £Nil (2023: £873,271) due from the directors of the company. Interest at the rate of 2.25% was charged on overdrawn balance. The loan was recoverable on demand.

Included in the other creditors due within a year is an amount of £891,139 (2023: £926,659) due to connected companies under common directorship and shareholdings. Also, included is an amount of £6,250 (2023: £6,250) due to an associate company. The loans remain interest free and repayable on demand.

8. SHARE CAPITAL AND SHARE PREMIUM

During the year, the company restructured its ordinary share capital by subdividing it into 350,000 ordinary shares of £0.001 each. It also issued 6,051,998 ordinary shares of £0.001 each in exchange for shares in associate undertakings, resulting in a share premium of £6,045,946.