Alpha CIG UK Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 14982255 (England and Wales)
Alpha CIG UK Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
Alpha CIG UK Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
10,395,402
10,340,682
Current assets
Debtors
5
304,856
-
0
Cash at bank and in hand
120,324
-
0
425,180
-
0
Creditors: amounts falling due within one year
6
(5,654)
(7,854)
Net current assets/(liabilities)
419,526
(7,854)
Net assets
10,814,928
10,332,828
Capital and reserves
Called up share capital
7
6,750
6,750
Share premium account
10,217,022
10,217,022
Other reserves
171,552
116,832
Profit and loss reserves
419,604
(7,776)
Total equity
10,814,928
10,332,828

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Alpha CIG UK Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 19 August 2025 and are signed on its behalf by:
A Freedman
Director
Company Registration No. 14982255
Alpha CIG UK Limited
Statement of Changes in Equity
For the year ended 31 December 2024
Page 3
Share capital
Share premium account
Capital contribution reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 5 July 2023
-
0
-
0
-
-
0
-
Year ended 31 December 2023:
Loss and total comprehensive income for the year
-
-
-
(7,776)
(7,776)
Issue of share capital
7
6,750
10,217,022
-
-
10,223,772
Capital contribution
-
-
116,832
-
0
116,832
Balance at 31 December 2023
6,750
10,217,022
116,832
(7,776)
10,332,828
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
-
427,380
427,380
Capital contribution
-
-
54,720
-
0
54,720
Balance at 31 December 2024
6,750
10,217,022
171,552
419,604
10,814,928
Alpha CIG UK Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 4
1
Accounting policies
Company information

Alpha CIG UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, United Kingdom, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

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.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Alpha CIG UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Alpha CIG UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 considered to be 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.

 

Critical judgements
Impairment of investments

The recoverable amount of investments is based on future cash flows for the individual investments. In determining whether any impairment is required, management makes a number of estimates in respect of future cash flows and future earnings growth. Following their assessment and review, the directors have determined no impairment is necessary.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
1
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
10,395,402
10,340,682
Alpha CIG UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
4
Fixed asset investments
(Continued)
Page 7
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024
10,340,682
Additions
54,720
At 31 December 2024
10,395,402
Carrying amount
At 31 December 2024
10,395,402
At 31 December 2023
10,340,682

During the year the company made a capital contribution of £54,720 to TwentyFirstCenturyBrandLimited.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
304,856
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
576
576
Other creditors
78
78
Accruals and deferred income
5,000
7,200
5,654
7,854
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.01p each
25,500,000
25,500,000
2,550
2,550
Ordinary A shares of 0.01p each
21,420,000
21,420,000
2,142
2,142
Ordinary B shares of 0.01p each
20,580,000
20,580,000
2,058
2,058
67,500,000
67,500,000
6,750
6,750
Alpha CIG UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
7
Called up share capital
(Continued)
Page 8

On 5 July 2023, 100 Ordinary shares were issued at £0.01.

 

On 5 July 2023, 100 Ordinary shares of £0.01 each were subdivided into 1 Ordinary share of £0.001.

 

On 5 July 2023, 1 Ordinary share of £0.001 each was designated into 1 Ordinary A share of £0.001.

 

On 18 July 2023, 25,550,000 Ordinary shares of £0.001 each were issued at £3,431,914 giving rise to share premium of £3,429,364.

 

On 18 July 2023, 21,419,999 Ordinary A shares of £0.001 each were issued at £3,463,847 giving rise to share premium of £3,461,705.

 

On 18 July 2023, 20,580,000 Ordinary B shares of £0.001 were issued at £3,328,010 giving rise to share premium of £3,325,952.

8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

At the year end, the company was owed £304,856 (2023: £nil) from Common Interest Group Limited, a company incorporated in England and Wales, and the parent of Alpha CIG UK Limited.

 

During the year, the company received dividends totalling £442,651 (2023: £nil) from Twentyfirstcenturybrand Limited, a company incorporated in England and Wales, and a subsidiary of Alpha CIG UK Limited.

9
Parent company

The immediate and ultimate parent company is Common Interest Group Limited, a company incorporated in England and Wales. Its registered address is 6th Floor, 9 Appold Street, London, EC2A 2AP.

The directors have deemed there is no ultimate controlling party.

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