1.
General Information
Alliance Manufacturing and Trading Company Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07021408
.
The registered office is 9a Burroughs Gardens, London, NW4 4AU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
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.
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements are presented in Euros and are rounded to the nearest Euro.
2.2.
Basis Of Consolidation
2.2.
Basis Of Consolidation - continued
The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 December 2024.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.
Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.
Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.
Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in goodwill. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.
...CONTINUED
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full. Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Intangible Fixed Assets and Amortisation - Goodwill
Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.
2.5.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to the profit and loss account over its estimated economic life of of 1 to 5 years.
2.6.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Plant & Machinery |
|
| Other assets |
|
| Computer Equipment |
|
2.7.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
The current asset investments (corporate bonds/notes) are valued at the fair value through profit and loss.
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8.
Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
2.9.
Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.10.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.11.
Interest Payable
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2.12.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.13.
Taxation
Tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.14.
Provisions and Contingencies
Provisions
Provisions are recognised when the group has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.
Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.
Contingencies
Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the group’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.
Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.15.
Pensions
Provisions are recognised when the group has an obligation at the reporting date as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
2.16.
Government Assistance
Grants which relate to revenue are recognised in income in the period the related costs are incurred by the entity for which the grant is intended to compensate. For grants which are received by the entity for compensation for expenses or losses which have already been incurred, the grant is recognised in income when it is received or receivable.
2.17.
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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
2.18.
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 group 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 subsequently measured at amortised cost using the effective interest method.
2.19.
Extraordinary income and expense
Extraordinary income and expense includes litigation allowance and allowance/write-back provision for risks and charges.
3.
Turnover
Analysis of turnover by class of business is as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
|
|
|
|
|
|
|
|
|
|
| 62,235,251 | 70,298,087 | ||
Analysis of turnover by geographical market is as follows:
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| United Kingdom |
|
|
|
| Europe |
|
|
|
| 62,235,251 | 70,298,087 | ||
4.
Other Operating Income
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Commission income |
|
|
|
| Grant income |
|
|
|
| Other operating income |
|
|
|
| 1,041,744 | 1,243,681 | ||
5.
Operating (Loss)/profit
The operating (loss)/profit is stated after charging:
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Bad debts | 58,383 | 1,848,778 | |
| Exchange differences |
|
( |
|
| Depreciation of tangible fixed assets |
|
|
|
| Amortisation of intangible fixed assets |
|
|
|
6.
Auditor's Remuneration
Remuneration received by the group's auditors and their associates during the year was as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
|
|
|
||
8.
Average Number of Employees
Group
Average number of employees, including directors, during the year was as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Sales, marketing and distribution |
|
|
|
| Manufacturing |
|
|
|
|
|
|
||
Company
Average number of employees, including directors, during the year was: 1 (2023: 1)
9.
Interest Receivable and Similar Income
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Interest income from shares in subsidiaries |
|
|
|
| Other interest receivable | 110,794 | - | |
| Dividend income | 466,585 | 73,201 | |
| Interest income on bonds, notes and loans | 1,086,514 | 1,339,683 | |
| 1,688,188 | 1,412,884 | ||
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10.
Interest Payable and Similar Charges
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| (Gain) / loss from changes in provisions |
|
|
|
| Foreign currency (gain) / loss - bonds & notes |
( |
|
|
| Other finance charges |
|
|
|
| (1,033,296) | 1,355,301 | ||
11.
Tax on Profit
The tax charge on the profit for the year was as follows:
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | € | € | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
|
|||
| Total tax charge for the period |
|
|
|||
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| € | € | ||||
| Profit before tax | 1,394,064 | 3,601,731 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Short term timing differences |
|
|
|||
| Difference in tax rates |
|
|
|||
| Revenue exempt from taxation |
( |
( |
|||
| Overseas tax suffered/expensed |
|
|
|||
| Total tax charge for the period | 260,653 | 1,384,549 | |||
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
12.
Intangible Assets
Group
Company
| Other | |||
|---|---|---|---|
| € | |||
| Cost or Valuation | |||
| As at 1 January 2024 |
|
||
| Additions |
|
||
| As at 31 December 2024 |
|
||
| Amortisation | |||
| As at 1 January 2024 |
|
||
| Provided during the period |
|
||
| As at 31 December 2024 |
|
||
| Net Book Value | |||
| As at 31 December 2024 |
|
||
| As at 1 January 2024 |
|
||
The company had no intangible fixed assets as at 31 December 2024 or 31 December 2023.
13.
Tangible Assets
Group
Company
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant & Machinery | Other assets | Total | |
| € | € | € | € | |
| Cost or Valuation | ||||
| As at 1 January 2024 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
( |
( |
( |
( |
| As at 31 December 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 January 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
( |
( |
|
( |
| As at 31 December 2024 |
|
|
|
|
...CONTINUED
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
| Net Book Value | ||||
| As at 31 December 2024 |
|
|
|
|
| As at 1 January 2024 |
|
|
|
|
The company had no tangible fixed assets as at 31 December 2024 or 31 December 2023.
14.
Investments & other financial assets
Group
Company
| Other | |
|---|---|
| € | |
| Cost or Valuation | |
| As at 1 January 2024 |
|
| Additions |
|
| As at 31 December 2024 |
|
| Provision | |
| As at 1 January 2024 |
|
| Added in period |
|
| As at 31 December 2024 |
|
| Net Book Value | |
| As at 31 December 2024 |
|
| As at 1 January 2024 |
|
| Subsidiaries | Other | Total | |
|---|---|---|---|
| € | € | € | |
| Cost or Valuation | |||
| As at 1 January 2024 |
|
|
|
| Additions |
|
|
|
| As at 31 December 2024 |
|
|
|
| Provision | |||
| As at 1 January 2024 |
|
|
- |
| Added in period |
|
|
|
| As at 31 December 2024 |
|
|
|
...CONTINUED
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
| Net Book Value | |||
| As at 31 December 2024 |
|
|
|
| As at 1 January 2024 |
|
|
|
Subsidiaries
Details of the group's subsidiaries as at 31 December 2024 are as follows:
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
Universaone 18 rue Felix Mangini, 69009 Lyon, France |
|
|
- |
|
|
9 Rue du Bois, 39600 Cramans, France |
|
|
100.00% |
The principal activity of Epalia is purchasing, collecting, sorting, repairing and reselling second hand pallets as well as producing and selling new pallets. It also provides pallet management services including data management services.
La Palette Comtoise designs and manufactures all types of custom-made wooden packaging. Epalia owns 100% of the share capital in La Palette Comtoise.
The unaudited financial statements of La Palette Comtoise, shows net assets of approximately €1 million, reserves of €863k, turnover of approximately €3 million and a loss for the year of approximately €0.27 million at/for the year ended 31 December 2024. These figures exclude any pre-acquisition consolidation adjustments.
The goup investments includes an investment in La Palette Comtoise through Epalia of €1.7 million which would have been eliminated if the accounts of La Palette Comtoise been consolidated.
15.
Stocks
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Materials |
|
|
|
| Finished goods |
|
|
|
| Work in progress |
|
|
|
|
|
|
||
16.
Debtors
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| € | € | € | € | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Prepayments and accrued income |
|
|
|
|
|||
| Other debtors |
|
|
|
|
|||
...CONTINUED
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
| Amounts owed by group undertakings |
|
|
|
|
|||
| Amounts owed by subsidiaries | - | - |
|
|
|||
| Amounts owed by related parties | 12,618,994 | 10,000,351 | 12,618,994 | 10,000,351 | |||
|
|
|
|
|
||||
Details of non-current trade and other debtors
Company
€750,000 (2023 - €750,000) of loan to related parties is classified as non-current.
17.
Current Asset Investments
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| € | € | € | € | ||||
| Other investments, held for sale |
|
|
|
|
|||
|
Corporate bonds / notes, held for sale
|
€
|
|
As at 1 January 2024
|
33,464,732
|
|
Addition
|
17,448,793
|
|
Disposal
|
(19,369,141)
|
|
Revaluation
|
2,244
|
|
Foreign exchange rate movement
|
1,236,228
|
|
As at 31 December 2024
|
32,782,856
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
18.
Creditors: Amounts Falling Due Within One Year
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| € | € | € | € | ||||
| Trade creditors |
|
|
|
|
|||
| Taxation |
|
|
|
|
|||
| Other taxes and social security |
|
|
- | - | |||
| Other creditors |
|
|
|
|
|||
| Accruals and deferred income |
|
|
|
|
|||
| Amounts owed to related parties |
|
|
|
|
|||
|
|
|
|
|
||||
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
19.
Creditors: Amounts Falling Due After More Than One Year
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| € | € | |||
| Other loans |
|
|
||
20.
Loans
An analysis of the maturity of loans is given below:
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| € | € | |||
| Amounts falling due between one and five years: | ||||
| Other loans |
|
|
||
Epalia has a State Guaranteed Loan ("SGL") of €500,000 from the Banque Postale and €500,000 from Crédit Agricole Centre Est. The French state guarantees 90% of the amount that the bank lends to the company. Loan is due for repayment on 24 December 2026. Epalia has an option to repay the loan in full or in instalments at an agreed interest rate.
21.
Provisions for Liabilities
| Group | |||
|---|---|---|---|
| Deferred Tax | Other Provisions | Total | |
| € | € | € | |
| As at 1 January 2024 |
|
|
911,192 |
| Additions |
|
|
227,145 |
| Utilised |
|
( |
(459,992) |
| Balance at 31 December 2024 |
|
|
678,345 |
| Company | ||
|---|---|---|
| Deferred Tax | Total | |
| € | € | |
| As at 1 January 2024 |
|
166,290 |
| Additions |
|
227,145 |
| Balance at 31 December 2024 |
|
393,435 |
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
23.
Capital Commitments
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| At the end of the period |
|
|
|
At the end of the period, the group and company had capital commitments contracted for but not provided in these financial statements
24.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2024 | 2023 | ||
|---|---|---|---|
| € | € | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
| Later than five years |
|
|
|
|
|
|
||
The amount of non-cancellable operating lease payments recognised as an expense during the year was €4,417,249 (2023 - €3,913,278).
Esitmated retirement benefit obligations were €1,183,000 (2023: €1,054,000), these were estimated based on a retrospective calculation assuming voluntary retirement by employees at age 65.
25.
Post Balance Sheet Events
In January 2025 French subsidiary Epalia entered an agreement with Trade Unions in France to close three operational sites and one administrative centre with agreed redundancy an termination and reorganisation costs estimated to be €850k.
Activation of the Guarantee Agreement between La Palette Comtoise and Epalia following inaccuracies identified in the balance sheet as at 31/12/2023 and relating to movable assets. A lump-sum settlement agreement was signed, definitively resolving the dispute through the payment of €256k to Epalia.
26.
Related Party Disclosures
26.
Related Party Disclosures - continued
Key management personnel (including directors) received compensation of €1,001,478 (2023: €1,067,469)
JCA Holding Company LLC
Parent company
At the balance sheet date, JCA Holding Company LLC owed €94,210 (2023: €87,372) to the company.
Transformer Acquisition Company Limited
...CONTINUED
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
A company in which Mr M Renard- Payen is a director and shareholder.
At the balance sheet date, the company owed €340,573 (2023: €340,573) to Transformer Acquisition Company Limited.
United Manufacturing and Trading Company Limited
A company in which Mr L M Levie is a director.
At the balance sheet date, the company owed €289,805 (2023: €289,805) to United Manufacturing and Trading Company Limited.
AIAC Puerto Rico Holdings LLC
A company in which Mr L M Levie is a director.
At the balance sheet date, the company owed €550,000 (2023: €Nil) to AIAC Puerto Rico Holdings LLC.
Sirius Acquisition Company Limited
A company in which Mr M Renard- Payen is a director.
The company has provided a €1,000,000 unsecured loan to Sirius Acquisition Company Limited.
At the balance sheet date, Sirius Acquisition Company Limited owed €3,039,294 (2023: €1,070,104) to the company.
Casting Holding Company Limited
A company in which Mr L M Levie is a director.
At the balance sheet date, Casting Holding Company Limited owed €1,940,713 (2023: €3,004,571) to the company.
Circuit Acquisition Company Limited
A company in which Mr L M Levie is a director.
At the balance sheet date, Circuit Acquisition Company Limited owed Nil (2023: €58,383) to the company.
100% provision provided during the year against the balance receivable from Circuit Acquisition Company Limited.
Avara Pharmaceutical Services Inc.
A company in which Mr L M Levie is the ultimate shareholder.
At the balance sheet date, Avara Pharmaceutical Services Inc. owed €6,095,036 (2023: €5,815,495) to the company.
American Industrial Acquisition Corporation
A company in which Mr L M Levie is the ultimate shareholder.
At the balance sheet date, American Industrial Acquisition Corporation owed €22,886 (2023: €22,886) to the company.
Union Metal Industries Corporation
A company in which Mr L M Levie is the ultimate shareholder.
At the balance sheet date, Union Metal Industries Corporation owed €19,128 (2023: €19,128) to the company.
Arnpriror Aerospace
A company in which Mr L M Levie is the ultimate shareholder.
During the year, the comapny has provided loan of €660,057 to Arnpriror Aerospace at the annual interest rate of 11%.
At the balance sheet date, Arnpriror Aerospace owed €669,133 (2023: €Nil) to the company.
KI Holding Company Inc
A company in which Mr L M Levie is a director.
During the year, the comapny has issued promissiory note of €819,604 to KI Holding Company Inc at the annual interest rate of 5%.
At the balance sheet date, KI Holding Company Inc owed €823,019 (2023: €Nil) to the company.
Alliance Manufacturing and Trading Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
27.
Controlling Parties
The company's immediate parent undertaking is
JCA Holding Company LLC
, incorporated in United States.
The company's ultimate controlling party is
L M Levie
by virtue of their interest in the share capital of the company.