Company Registration No. 08285284 (England and Wales)
Alphaco Investments Limited
Annual report and unaudited financial statements
for the year ended 31 December 2024
Alphaco Investments Limited
Company information
Director
E A Timpany
Secretary
E A Timpany
Company number
08285284
Registered office
First Floor
85 Great Portland Street
London
W1W 7LT
Accountants
Saffery LLP
Midland House
2 Poole Road
Bournemouth
Dorset
BH2 5QY
Alphaco Investments Limited
Contents
Page
Director's report
1
Accountants' report
2
Income statement
3
Statement of financial position
4
Notes to the financial statements
5 - 8
Alphaco Investments Limited
Director's report
For the year ended 31 December 2024
1

The director presents his annual report and financial statements for the year ended 31 December 2024.

Principal activities

The company is a holding company for a group which operates advanced thermal processing and refining plant for recycling of waste into recovered chemicals and renewable fuels.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

E A Timpany
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
E A Timpany
Director
29 September 2025
Alphaco Investments Limited
Accountants' report to the Director on the preparation of the unaudited statutory financial statements of Alphaco Investments Limited for the year ended 31 December 2024
2

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alphaco Investments Limited for the year ended 31 December 2024 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.

This report is made solely to the B oard of D irectors of Alphaco Investments Limited, as a body, in accordance with the terms of our engagement letter dated 9 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Alphaco Investments Limited and state those matters that we have agreed to state to the B oard of D irectors of Alphaco Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alphaco Investments Limited and its B oard of D irectors as a body, for our work or for this report.

It is your duty to ensure that Alphaco Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Alphaco Investments Limited. You consider that Alphaco Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alphaco Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Saffery LLP
11 September 2025
Midland House
2 Poole Road
Bournemouth
Dorset
BH2 5QY
Alphaco Investments Limited
Income statement
For the year ended 31 December 2024
3
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(2,240)
(2,390)
Loss before taxation
(2,240)
(2,390)
Tax on loss
-
0
-
0
Loss for the financial year
(2,240)
(2,390)

The income statement has been prepared on the basis that all operations are continuing operations.

Alphaco Investments Limited
Statement of financial position
As at 31 December 2024
4
2024
2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
4
(3,262,542)
(3,260,302)
Net current liabilities
(3,262,542)
(3,260,302)
Capital and reserves
Called up share capital
5
111
111
Share premium account
6
99,979
99,979
Profit and loss reserves
7
(3,362,632)
(3,360,392)
Total equity
(3,262,542)
(3,260,302)

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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 29 September 2025.
E A Timpany
Director
Company Registration No. 08285284
Alphaco Investments Limited
Notes to the financial statements
For the year ended 31 December 2024
5
1
Accounting policies
Company information

Alphaco Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The company does not trade, it is the ultimate holding company for a group, which operates advanced thermal processing and refining plant for recycling of waste into recovered chemicals and renewable fuels. During the year ended 31 December 202 true 4 the company incurred a loss after tax of £2,240 and had net liabilities of £3,262,542. Liabilities includes sums payable totaling £3,260,542 from group undertakings, the director, entities controlled by the director and a minority shareholder, who have agreed to not seek repayment unless the company has sufficient funds in place to continue as a going concern.

The company ultimately relies on the support of its director and group companies. Based on discussions at the reporting date, the director has a reasonable expectation that they will receive additional funding to meet the company's commitments for the foreseeable future and have therefore prepared the financial statements on the going concern basis.

The director has considered the relevant issues and is satisfied that it is appropriate to prepare these financial statements on a going concern basis. These financial statements do not include the adjustments that would result if the company was unable to continue as going concern.

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 statement of financial position 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.

Alphaco Investments Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
6
Basic financial assets

Basic financial assets, which include debtors, 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 paymen ts 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. A m ounts 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.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Alphaco Investments Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
7
2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Alphaco Ltd
1
Ordinary
76.85
-
Alphaco Operations Limited
2
Ordinary
-
76.85
EuroEco Fuels Poland sp. z.o.o
3
Ordinary
-
76.85

Registered office addresses:

1
First floor, 85 Great Portland Street, London, W1W 7LT, United Kingdom
2
Le Marecage, Rue des Marais, St Pierre du Bois, GY7 9LD, Guernsey
3
Kujota 25-31, 70-605 Szczecin, Poland
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
2,252,342
2,207,602
Other creditors
910,200
952,700
Redeemable preference shares
100,000
100,000
3,262,542
3,260,302

£3,260,542 (202 3: £3,258,302) of the creditors balance represents sums payable to group undertakings, the director, entities controlled by the director and a minority shareholder, who have agreed not to seek repayment unless the company has sufficient funds in place to continue as a going concern.

Alphaco Investments Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
8
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
111
111
111
111
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Redeemable preference shares of £1 each
100,000
100,000
100,000
100,000
Preference shares classified as liabilities
100,000
100,000

The shares are redeemable by either party on demand.

6
Share premium account

The share premium account is used to record the aggregate amount or value of premiums paid when the Company’s shares are issued at an amount in excess of nominal value.

7
Profit and loss reserves

This reserve relates to the cumulative retained earnings less amounts distributed to shareholders.

8
Related party transactions

The Company has taken the exemption conferred by s.33 of FRS 102 by not disclosing transactions with wholly owned subsidiaries within the Group headed by it.

The Company was loaned monies by Alphaco Consulting Limited, a company controlled by the Director. At the year end the amount owed to Alphaco Consulting Limited was £407,175 (202 3: £407,175).

The Company owed Alphaco Ltd, a directly held subsidiary, £2,252,602 (202 3: £2,207,602).

Loan from director £4 13,4 88 (202 3: £455,988). No interest was charged on the loan during the year.

The Company owed a minority shareholder and director of a subsidiary, £88,537 (202 3: £88,537).

9
Controlling party

The Company is controlled by The EA Timpany Life Interest Settlement B Fund ("Trust"). There is no ultimate controlling party of the Trust.

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