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COMPANY REGISTRATION NUMBER: 10838039

ALFARO LTD

Unaudited Financial Statements

31 December 2024

ALFARO LTD

Financial Statements

Year ended 31 December 2024

Contents | Page

Directors' report | 1

Income statement | 2

Statement of financial position | 3

Statement of changes in equity | 5

Notes to the financial statements | 6

ALFARO LTD

Directors' Report

Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Principal activities
The principal activity of the company during the year was advisory services related to the construction sector.
Directors
The directors who served the company during the year were as follows:

Mr Alexandros Romosios |
Mrs Alexandra Romosiou |
Fiduci-Corp Directors Limited |

Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 July 2025 and signed on behalf of the board by:

Mr Alexandros Romosios | Mrs Alexandra Romosiou
Director | Director

Fiduci-Corp Directors Limited | Fiduci-Corp (UK) Services Limited
Director | Company Secretary

ALFARO LTD

Income Statement

Year ended 31 December 2024

| 2024 | 2023
Note | € | €
Turnover | ( 12,000) | –

| -------- | ----
Gross loss | ( 12,000) | –

Administrative expenses | ( 7,130) | ( 7,321)
| -------- | -------
Operating loss | ( 19,130) | ( 7,321)

| -------- | -------
Loss before taxation | ( 19,130) | ( 7,321)

Tax on loss | – | –
| -------- | -------
Loss for the financial year | ( 19,130) | ( 7,321)
| -------- | -------

All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.

ALFARO LTD

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | € | €

Current assets

Debtors | 4 | 1,736 | 13,022
Cash at bank and in hand | 96,667 | 104,478
| -------- | ---------
| 98,403 | 117,500

Creditors: amounts falling due within one year | 5 | 2,829 | 2,796
| -------- | ---------
Net current assets | 95,574 | 114,704
| -------- | ---------
Total assets less current liabilities | 95,574 | 114,704
| -------- | ---------
Net assets | 95,574 | 114,704
| -------- | ---------

Capital and reserves

Called up share capital | 6 | 30,000 | 30,000
Profit and loss account | 7 | 65,574 | 84,704
| -------- | ---------
Shareholders funds | 95,574 | 114,704
| -------- | ---------

These financial statements have been prepared 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'.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ALFARO LTD

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:

Mr Alexandros Romosios | Mrs Alexandra Romosiou
Director | Director

Fiduci-Corp Directors Limited |
Director |

Company registration number: 10838039

ALFARO LTD

Statement of Changes in Equity

Year ended 31 December 2024

| Called up share capital | Profit and loss account | Total
Note | € | € | €
At 1 January 2023 | 30,000 | 387,125 | 417,125
Loss for the year |  | ( 7,321) | ( 7,321)
| -------- | --------- | ---------
Total comprehensive income for the year | – | ( 7,321) | ( 7,321)
Dividends paid and payable | – | ( 295,100) | ( 295,100)
| -------- | --------- | ---------
Total investments by and distributions to owners | – | ( 295,100) | ( 295,100)
At 31 December 2023 | 30,000 | 84,704 | 114,704
Loss for the year |  | ( 19,130) | ( 19,130)
| -------- | --------- | ---------
Total comprehensive income for the year | – | ( 19,130) | ( 19,130)
| -------- | --------- | ---------
At 31 December 2024 | 30,000 | 65,574 | 95,574
| -------- | --------- | ---------

ALFARO LTD

Notes to the Financial Statements

Year ended 31 December 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 St Georges House, 6th Floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in euro, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
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. Debtors

| 2024 | 2023
| € | €
Trade debtors | – | 12,000
Prepayments and accrued income | 1,586 | 901
Other debtors | 150 | 121
| ------- | --------
| 1,736 | 13,022
| ------- | --------

5. Creditors: amounts falling due within one year

| 2024 | 2023
| € | €
Trade creditors | 1,020 | 725
Accruals and deferred income | 1,809 | 2,071
| ------- | -------
| 2,829 | 2,796
| ------- | -------

6. Called up share capital
Issued, called up and fully paid

| 2024 | 2023
| No. | € | No. | €
Ordinary shares of € 10 each | 3,000 | 30,000 | 3,000 | 30,000
| ------- | -------- | ------- | --------

7. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.