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Company registration number: 09850786
Alpha One Strategies Limited
Unaudited filleted financial statements
30 November 2024
Alpha One Strategies Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Alpha One Strategies Limited
Directors and other information
Director Mr M J Brewer
Secretary Ms J A Henkel
Company number 09850786
Registered office 5 Underwood Street
London
N1 7LY
Alpha One Strategies Limited
Statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 9,449 2,498
Investments 6 3,124 19,141
_______ _______
12,573 21,639
Current assets
Debtors 7 87,012 76,163
Cash at bank and in hand 67,492 81,720
_______ _______
154,504 157,883
Creditors: amounts falling due
within one year 8 ( 27,592) ( 33,910)
_______ _______
Net current assets 126,912 123,973
_______ _______
Total assets less current liabilities 139,485 145,612
Creditors: amounts falling due
after more than one year 9 ( 5,833) ( 15,834)
_______ _______
Net assets 133,652 129,778
_______ _______
Capital and reserves
Called up share capital 35,000 35,000
Profit and loss account 98,652 94,778
_______ _______
Shareholders funds 133,652 129,778
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
Mr M J Brewer
Director
Company registration number: 09850786
Alpha One Strategies Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 December 2023 10,232 10,232
Additions 11,218 11,218
_______ _______
At 30 November 2024 21,450 21,450
_______ _______
Depreciation
At 1 December 2023 7,734 7,734
Charge for the year 4,267 4,267
_______ _______
At 30 November 2024 12,001 12,001
_______ _______
Carrying amount
At 30 November 2024 9,449 9,449
_______ _______
At 30 November 2023 2,498 2,498
_______ _______
6. Investments
Shares in group undertakings and participating interests Other investments other than loans Total
£ £ £
Cost
At 1 December 2023 1 19,140 19,141
Disposals ( 1) 545 544
Fair value adjustment - (758) (758)
Other movements - ( 15,803) ( 15,803)
_______ _______ _______
At 30 November 2024 - 3,124 3,124
_______ _______ _______
Impairment
At 1 December 2023 and 30 November 2024 - - -
_______ _______ _______
Carrying amount
At 30 November 2024 - 3,124 3,124
_______ _______ _______
At 30 November 2023 1 19,140 19,141
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 48,831 61,355
Other debtors 38,181 14,808
_______ _______
87,012 76,163
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 9,647
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 1
Corporation tax 16,202 21,482
Other creditors 1,390 2,780
_______ _______
27,592 33,910
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 5,833 15,834
_______ _______
10. Controlling party
The company's parent undertaking is Brenkel Endurance Pty Ltd, a company incorporated in Australia, whose address is at Level 1/21 Shierlaw Ave, Canterbury, Victoria 3126, Australia.