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Registration number: 13007389

Alpha Development Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Alpha Development Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Alpha Development Group Ltd

Company Information

Directors

I A Dawson

P S Monk

H K Payne

J R Tate

P D Kelly

F J Gibson

J B Gittins

N Pirog

Registered office

Level 30
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB

Bankers

HSBC Bank plc
109 Bath Road
Cheltenham
GL53 7RA

Accountants

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

Alpha Development Group Ltd

(Registration number: 13007389)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

26,396

25,591

Current assets

 

Debtors

5

1,869,318

1,574,930

Cash at bank and in hand

 

106,364

12,082

 

1,975,682

1,587,012

Creditors: Amounts falling due within one year

6

(241,583)

(52,419)

Net current assets

 

1,734,099

1,534,593

Total assets less current liabilities

 

1,760,495

1,560,184

Creditors: Amounts falling due after more than one year

6

(1,737,891)

(1,737,891)

Net assets/(liabilities)

 

22,604

(177,707)

Capital and reserves

 

Called up share capital

7

2,085

2,085

Capital redemption reserve

(55,544)

(55,544)

Retained earnings

76,063

(124,248)

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 28 August 2025 and signed on its behalf by:
 


P D Kelly
Director

 

Alpha Development Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Level 30
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB

 

2

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

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

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
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

Alpha Development Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023: 6).

 

4

Investments

2024
£

2023
£

Investments in subsidiaries

26,396

25,591

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:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Alpha Development Partnership Ltd

Level 30, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB

Ordinary (all classes)

100%

100%

Alpha Development (Europe) Ltd

Level 30, The Leadenhall Building, 122 Leadenhall Street, London

Ordinary

100%

100%

Alpha Development (Middle East) Ltd

3412ResCo-Work 13 and 14, 34th Floor, Regus, Al Maqam Tower, Abu Dhabi, UAE

Ordinary

100%

100%

Alpha Development Partnership Pte Ltd

60 Paya Lebar Road
# 13+-10 Paya Lebar Square
Singapore 409051

Ordinary

100%

100%

Alpha Development Training Americas Inc

251 Little Falls Drive, Wilmington,19808, US

Ordinary

100%

100%

 

Alpha Development Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Alpha Development Canada Inc

401 Bay Street, 16th floor, Toronto ON, M5H 2Y4, Canada

Ordinary

100%

0%

The principal activity of above companies is provision of training and development services to international financial institutions.

 

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

8

1,865,650

1,552,744

Other debtors

 

3,668

3,674

Prepayments

 

-

18,512

 

1,869,318

1,574,930

 

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

44,558

49,803

Amounts due to related parties

8

2,492

(4,393)

Accruals and deferred income

 

187,524

-

Other creditors

 

7,009

7,009

 

241,583

52,419

2024
£

2023
£

Due after one year

Other non-current financial liabilities

1,737,891

1,737,891

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.

 

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £0.01 each

115,972

1,159.72

115,972

1,159.72

Ordinary A of £0.01 each

80,947

809.47

80,947

809.47

Ordinary B of £0.01 each

3,601

36.01

3,601

36.01

Ordinary D of £0.01 each

8,000

80.00

8,000

80.00

 

208,520

2,085

208,520

2,085

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

 

8

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.