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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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ALFA COMPANY INVESTMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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FOR |
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ALFA COMPANY INVESTMENTS LIMITED |
ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ALFA COMPANY INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Old Carriage Works |
Moresk Road |
TRURO |
Cornwall |
TR1 1DG |
ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930) |
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BALANCE SHEET |
31 DECEMBER 2020 |
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2020 | 2019 |
Notes | € | € | € | € |
FIXED ASSETS |
Intangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Alfa Company Investments Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements show net current liabilities of €672,830 (2019 - €674,675). The company is reliant on the support of its creditors and director. However having considered future plans and projections of performance for a period of 12 months the director considers the company to be a going concern and the accounts have been prepared on the going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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3. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
The accounts are stated in euros being the main currency for financial transactions. |
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Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
€ |
COST |
At 1 January 2020 |
and 31 December 2020 |
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AMORTISATION |
At 1 January 2020 |
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Charge for year |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 31 December 2019 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
€ |
COST |
At 1 January 2020 |
and 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 31 December 2019 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
€ | € |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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ALFA COMPANY INVESTMENTS LIMITED (REGISTERED NUMBER: 08746930) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
€ | € |
Trade creditors |
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Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | € | € |
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Ordinary | €1.10 | 7,501 | 7,501 |
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10. | RELATED PARTY DISCLOSURES |
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At the balance sheet date, the company owed the following amounts to companies owned by the director: |
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2020 | 2019 |
€ | € |
Gest Carris SL | 4,500 | 413,578 |
Carris Land SL | 34,637 | 596,059 |
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The company has elected to take exemption under FRS102.33 not to disclose transactions between wholly owned subsidiaries. |
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Alfaway Hotels Sociedade Hoteleira LDA is a company in the same group as Alfa Company Investments Limited. During the year a loan of €1,000,000 was received from Alfaway Hotels Sociedade Hoteleira LDA. |
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As at the year end Alfaway Hotels Sociedade Hoteleira LDA was owed €759,836 by the company (2019- owed €215,164). |
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Bluesock Hostel LDA is a company in the same group as Alfa Company Investments Limited. As at the year-end Bluesock Hostel LDA owed the company €7,023 (2019- €7,713). |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr J L Vinas-Landin. |