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Registered number: 01793134 ALINDENE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ALINDENE LIMITED COMPANY INFORMATION
Directors | K Tokumine
| S K Tokumine (appointed 19 July 2024)
Registered number | 01793134
Registered office | 3 Denman Street
| London
| W1D 7HB
Independent auditors | BKL Audit LLP
| Chartered Accountants & Statutory Auditor
| 35 Ballards Lane
| London
| N3 1XW
ALINDENE LIMITED CONTENTS
| Page
Strategic Report | 1
Directors' Report | 2 - 3
Independent Auditors' Report | 4 - 7
Statement of Comprehensive Income | 8
Statement of Financial Position | 9
Statement of Changes in Equity | 10
Statement of Cash Flows | 11
Notes to the Financial Statements | 12 - 18
ALINDENE LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Introduction
The Directors present the Strategic Report for the year ended 31 December 2024.
Business review
During the 2024 financial year, the Company underwent significant changes to its operations and structure. On 30 May 2024 the Company disposed its shareholding in Japan Centre Group Limited and it is now a non-trading Company. With trading activities having ceased, the Company’s financial performance for the year reflects only residual items. The Company reported a profit of £187,006, which arose solely from the disposal of Japan Centre Group Limited. No trading revenue was generated during the year.
Principal risks and uncertainties
The principal risk facing the Company arises from the fact that it ceased trading in May 2024 and, as at the date of this report, has not yet recommenced operations. While the directors are actively seeking suitable opportunities for the Company to re-enter trading activities, the timing and likelihood of such resumption remain uncertain.
Financial key performance indicators
The directors are actively seeking future trading opportunities that the Company could undertake successfully. The directors have no current plans to liquidate the Company or close its bank account, and intend to retain the Company as a legal entity with the option to recommence trading in the future.
Other key performance indicators
As Alindene Limited is a holding company and does not trade, the directors do not prepare any forecasts. The directors have taken appropriate measures to enable them to have a reasonable expectation that the Company will have sufficient working capital for a period of at least 12 months from the date these financial statements have been approved. This report was approved by the board and signed on its behalf.
K Tokumine Director
Date: 6 January 2026
Page 1
ALINDENE LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The directors present their report and the financial statements for the year ended 31 December 2024.
Directors' responsibilities statement
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The principal activity of Alindene Limited is that of a non-trading company.
Results and dividends
The profit for the year, after taxation, amounted to £187,006 (2023 - loss £201,273). No ordinary dividends were paid during the year (2023 - £Nil).
Directors
The directors who served during the year were:
K Tokumine
S K Tokumine (appointed 19 July 2024)
Future developments
Alindene Limited will continue to be a holding company with no trading activity. Page 2
ALINDENE LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
Under section 487(2) of the Companies Act 2006, BKL Audit LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier. This report was approved by the board and signed on its behalf.
K Tokumine Director
Date: 6 January 2026
Page 3
ALINDENE LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALINDENE LIMITED
Opinion
We have audited the financial statements of Alindene Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 4
ALINDENE LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALINDENE LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 5
ALINDENE LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALINDENE LIMITED (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ∙Enquiring of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims; ∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulation; ∙Reviewing the general ledger in detail for all transactions with related parties; performing walk through testing to ensure systems and controls are operating as recorded where appropriate; ∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: ∙Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. ∙Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control. ∙Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors ∙Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern. Page 6
ALINDENE LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALINDENE LIMITED (CONTINUED) ∙Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Catalina Feier FCA (Senior Statutory Auditor) for and on behalf of BKL Audit LLP Chartered Accountants Statutory Auditor London 6 January 2026 Page 7
ALINDENE LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2024
|  | As restated
| 2024 | 2023
Note | £ | £
Administrative expenses |  | (17,118) | (36,405)
Exceptional administrative expenses | 4 | - | (158,429)
Operating loss | 5 | (17,118) | (194,834)
Profit on disposal of investments |  | 206,822 | -
Interest receivable and similar income | 8 | - | 795
Interest payable and similar expenses | 9 | (2,698) | (7,234)
Profit/(loss) before tax |  | 187,006 | (201,273)
Profit/(loss) for the financial year |  | 187,006 | (201,273)
There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2024 (2023:£NIL).
The notes on pages 12 to 18 form part of these financial statements.
Page 8
ALINDENE LIMITED REGISTERED NUMBER: 01793134 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  |  |  | As restated
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 10 |  | - |  | 3,855
|  |  | - |  | 3,855
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 11 | 550,632 |  | 758,417 |
Cash at bank and in hand | 12 | 329,915 |  | 30,268 |
|  | 880,547 |  | 788,685 |
Creditors: amounts falling due within one year | 13 | (32,443) |  | (131,442) |
Net current assets |  |  | 848,104 |  | 657,243
Total assets less current liabilities |  |  | 848,104 |  | 661,098
Net assets |  |  | 848,104 |  | 661,098
Capital and reserves |  |  |  |  |
Called up share capital | 14 |  | 5,100 |  | 5,100
Profit and loss account | 15 |  | 843,004 |  | 655,998
|  |  | 848,104 |  | 661,098
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
K Tokumine
Director
Date: 6 January 2026
The notes on pages 12 to 18 form part of these financial statements. Page 9
ALINDENE LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2023 | 5,100 | 857,271 | 862,371
Comprehensive income for the year |  |  |
Loss for the year | - | (201,273) | (201,273)
At 1 January 2024 (as previously stated) | 5,100 | 814,427 | 819,527
Prior year adjustment | - | (158,429) | (158,429)
At 1 January 2024 (as restated) | 5,100 | 655,998 | 661,098
Comprehensive income for the year |  |  |
Profit for the year | - | 187,006 | 187,006
At 31 December 2024 | 5,100 | 843,004 | 848,104
| The notes on pages 12 to 18 form part of these financial statements.
Page 10
ALINDENE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024
|  |  | 2024 | 2023
|  |  | £ | £
Cash flows from operating activities |  |
Profit/(loss) for the financial year | 187,006 | (201,273)
Adjustments for: |  |
Bad debt provision | - | 158,429
Profit on disposal of investments in subsidiary companies | (206,822) | -
Interest paid | 2,698 | 7,234
Interest received | - | (795)
Decrease in debtors | 207,785 | 239,718
(Decrease)/increase in creditors | (8,999) | 30,772
Net cash generated from operating activities | 181,668 | 234,085
Cash flows from investing activities |  |
Sale of investments in subsidiairies | 210,677 | -
Interest received | - | 795
Net cash from investing activities | 210,677 | 795
Cash flows from financing activities |  |
Other new loans | - | 20,000
Repayment of other loans | (90,000) | (247,454)
Interest paid | (2,698) | (7,234)
Net cash used in financing activities | (92,698) | (234,688)
Net increase in cash and cash equivalents | 299,647 | 192
Cash and cash equivalents at beginning of year | 30,268 | 30,076
Cash and cash equivalents at the end of year | 329,915 | 30,268
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 329,915 | 30,268
| 329,915 | 30,268
The notes on pages 12 to 18 form part of these financial statements.
Page 11
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The principal activity of Alindene Limited (“the Company”) was previously that of an investment holding company. Upon disposal of its subsidiary, its principal activity is that of a non-trading company. The Company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 3 Denman Street, London, United Kingdom, W1D 7HB. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The Company has a strong overall balance sheet at the year end with net current assets of £848,104 (2023 - £657,243) and an overall net assets position of £848,104 (2023 - £661,098). During the 2024 financial year, the Company underwent significant changes to its operations and structure. On 30 May 2024 the Company disposed its shareholding in Japan Centre Group Limited and it is now a non-trading Company. The directors have no current plans to liquidate the Company or close its bank accounts, and intend to retain the Company as a legal entity with the option to recommence trading in the future, although the timing and likelihood of such resumption is currently uncertain. The directors therefore believe that the Company is a going concern. The financial statements have therefore been prepared on the going concern basis.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 12
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.7 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.
| 2.9 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. (I) Financial assets Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income. Financial assets are derecongised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. (II) Financial liabilities Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest. Page 13
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from supplier. Trade creditors 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. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. (III) Offsetting Financial assets and liabilities are offset and 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 liabilitity simultaneously.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. There were no judgements or key sources of estimation uncertainty that have had a significant effect on amounts recognised in the financial statements.
4. | Exceptional items
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bad debt provision | - | 158,429
5. | Operating loss
| The operating loss is stated after charging:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bad debt provision | - | 158,429
Page 14
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Fees payable for the audit of the Company's financial statements | 10,800 | 7,920
| Non-audit services | 1,800 | 1,800
|  | 12,600 | 9,720
7. | Employees
| The Company had no staff costs for the year ended 31 December 2024 or 31 December 2023.
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2024 | 2023
|  |  | No. | No.
|  | Directors | 2 | 1
8. | Interest receivable
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other interest receivable | - | 795
9. | Interest payable and similar expenses
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank interest payable | - | 7,234
| Other loan interest payable | 2,698 | -
|  | 2,698 | 7,234
Page 15
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 January 2024 | 8,855
| Disposals | (8,855)
| At 31 December 2024 | -
| Impairment |
| At 1 January 2024 | 5,000
| Impairment on disposals | (5,000)
| At 31 December 2024 | -
Page 16
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | Debtors
|  |  |  |  |  | As restated
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 1,296 | 758,317
| Other debtors | 549,336 | 100
|  | 550,632 | 758,417
| Amounts owed by group undertakings are unsecured, interest free and are repayable on demand.
12. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 329,915 | 30,268
13. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | - | 90,000
| Trade creditors | 12,730 | 12,612
| Other creditors | 39 | 1,270
| Accruals and deferred income | 19,674 | 27,560
|  | 32,443 | 131,442
14. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 5,100 (2023 - 5,100) Ordinary shares of £1.00 each | 5,100 | 5,100
15. | Reserves
Profit and loss account The profit and loss account represents the accumulated profits and losses. Page 17
ALINDENE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. | Prior year adjustment
The comparative information in the financial statements has been restated from the figures previously reported in the prior year financial statements to include a bad debt provision of £158,429. This reduced debtors and net assets, increased exceptional costs and reduced profit by the same amount.
17. | Transactions with directors
During the year, the Company advanced funds to the director amounting to £32,117 (2023: £47,454). At the year end, £30,886 (2023 owed to directors: £1,230) was outstanding and remains unpaid. The loan is unsecured, interest-free, and repayable on demand.
18. | Related party transactions
| Where possible, the Group has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.
19. | Controlling party
The Company's parent and ultimate parent is Tokumine Holdings Limited, incorporated in England and Wales. The registered address is 3 Denman Street, London, United Kingdom, W1D 7HB. The ultimate controlling party is K Tokumine.
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