REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
ALPENITE LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
ALPENITE LTD |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ALPENITE LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and |
Statutory Auditors |
38 Craven Street |
London |
WC2N 5NG |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
BALANCE SHEET |
31 DECEMBER 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Alpenite Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
In respect of long-term contract and contract for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion. |
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed. |
Tangible fixed assets |
Computer equipment: 33.33% on cost. |
The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if |
appropriate or if there is an indication of a significant change since the last reporting date. |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Financial assets: |
The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances. |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss. |
Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred. |
Financial liabilities: |
The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price. |
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company made a loss after taxation of £689,950 (2023: £25,824) and has net liabilities of£187,417 as at 31 December 2024 (net assets 2023: 502,533). The financial statements have been prepared on the going concern basis. The company is reliant on its immediate parent company Arsenalia GmbH for financial support. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2024 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
5. | DEBTORS |
2024 | 2023 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts owed by group undertakings |
Amounts recoverable on contract |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
During the year, the following fellow subsidiaries have sold services to Alpenite Ltd: |
- Alpenite Srl for an amount of £1,639,378 (2023:£2,056,800); |
- Arsenalia Digital (Vulcano Srl) for an amount of £108,803 (2023: £47,407); |
- Altitudo Srl for an amount of £9,324 (2023: £4,490); |
- Ccelera Srl for an amount of £9,140 (2023: £7,028); |
- Amplize Srl for an amount of £104,539 (2023: £190,709); |
- Actabase Srl for an amount of £75,825 (2023: £25,013); |
- Arsenalia France for an amount of £4,854 (2023: £nil) and |
- Arsenalia Real Estate Srl for an amount of £20 (2023: £nil). |
During the year, Alpenite Ltd has sold services to the following fellow subsidiaries: |
- Alpenite Srl for an amount of £14,121; |
- Ccelera Srl for an amount of £3,522 and |
- Arsenalia France for an amount of £21,789. |
At year end, the company owed to: |
- Alpenite Srl a net balance of £899,964 (2023: £1,350,534); |
- Arsenalia Digital (Vulcano Srl) a net balance of £11,191 (2023: £38,328); |
- Altitudo Srl a net balance of £9,402 (2023: £4,490); |
- Ccelera Srl a net balance of £9,262 (2023: £7,028); |
- Amplize Srl a net balance of £ 18,511 (2023: £87,108); |
- Actabase Srl a net balance of £ 29,451 (2023: £24,734) and |
- Arsenalia Real Estate Srl a net balance of £6 (2023: £nil). |
At year end, the company was owed the following amounts by: |
- Alpenite Srl a net balance of £10,422 and |
- Arsenalia France a net balance of £164. |
ALPENITE LTD (REGISTERED NUMBER: 10660625) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is ARSENALIA GMBH a company registered in Austria at the following address: Am Belvedere 4, Wien, 1100 Austria |