Registration number:
for the
Year Ended
Alpha Development Group Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Alpha Development Group Ltd
Company Information
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Directors |
I A Dawson P S Monk H K Payne J R Tate P D Kelly F J Gibson J B Gittins N Pirog |
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Registered office |
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Bankers |
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Accountants |
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Alpha Development Group Ltd
(Registration number: 13007389)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
2,085 |
2,085 |
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Capital redemption reserve |
(55,544) |
(55,544) |
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Retained earnings |
76,063 |
(124,248) |
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Shareholders' funds/(deficit) |
22,604 |
(177,707) |
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Director
Alpha Development Group Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Critical accounting 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 amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Judgements
No significant judgements have been made by management in preparing these financial statements. |
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Alpha Development Group Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.
Trade creditors
Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Recognition and measurement
Impairment
Alpha Development Group Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Financial instruments
Classification
Recognition and measurement
Impairment
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Level 30, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB |
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Level 30, The Leadenhall Building, 122 Leadenhall Street, London |
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3412ResCo-Work 13 and 14, 34th Floor, Regus, Al Maqam Tower, Abu Dhabi, UAE |
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60 Paya Lebar Road
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251 Little Falls Drive, Wilmington,19808, US |
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Alpha Development Group Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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401 Bay Street, 16th floor, Toronto ON, M5H 2Y4, Canada |
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The principal activity of above companies is provision of training and development services to international financial institutions.
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Debtors |
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Note |
2024 |
2023 |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
- |
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Creditors |
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Note |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Amounts due to related parties |
2,492 |
(4,393) |
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Accruals and deferred income |
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- |
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Other creditors |
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2024 |
2023 |
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Due after one year |
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Other non-current financial liabilities |
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Other non-current financial liabilities are loan notes of £1,737,891 due for repayment in 2028. Interest is charged on the balance of the loans at a rate of 8% per annum.
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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Ordinary of £0.01 each |
115,972 |
1,159.72 |
115,972 |
1,159.72 |
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Ordinary A of £0.01 each |
80,947 |
809.47 |
80,947 |
809.47 |
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Ordinary B of £0.01 each |
3,601 |
36.01 |
3,601 |
36.01 |
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Ordinary D of £0.01 each |
8,000 |
80.00 |
8,000 |
80.00 |
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208,520 |
2,085 |
208,520 |
2,085 |
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In February 2023, the company bought back 1,790 Ordinary Shares for total consideration of £55,544. These are held as Treasury Shares.
Alpha Development Group Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Related party transactions |
At the year end the company was owed £1,448,093 (2023: £1,557,137) and owed £26,395 (2023: £nil) by/to its subsidiaries.