New Alpha Innovation UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08662148 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

NEW ALPHA INNOVATION UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Wai Norman Fung Man

Benjamin Chi Yin Wai

Secretary:

Vistra Company Secretaries Limited

Registered office:

First Floor

Templeback

10 Temple Back

Bristol

BS1 6FL

Registered number:

08662148 (England and Wales)

CURRENT ASSETS

Debtors

4

797

785

CREDITORS

Amounts falling due within one year

5

(6,503

)

(4,684

)

NET CURRENT LIABILITIES

(5,706

)

(3,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,706

)

(3,899

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(5,707

)

(3,900

)

SHAREHOLDERS' FUNDS

(5,706

)

(3,899

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2020 and were signed on its behalf by:

Wai Norman Fung Man - Director

1.	Statutory information

New Alpha Innovation UK Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial

Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from

suppliers. Amounts 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 initially recognised at transaction price.

Foreign currencies

Foreign Currencies Transactions in foreign currencies are recorded at the rate ruling at the date of the transactions. Monetary

assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All

differences are taken to the profit and loss account.

3.	Employees and directors

The average number of employees during the year was NIL (2018 - NIL).

4.

Debtors: amounts falling due within one year

31/12/19

31/12/18

£

£

Amounts owed by group undertakings

1

1

Prepayments

796

784

797

785

5.

Creditors: amounts falling due within one year

31/12/19

31/12/18

£

£

Other creditors

6,503

4,684

The loans of £6,503 are held with a group companies. The balances are interest free, unsecured and repayable on demand.

6.	Change in company name

The company has changed its name from New A Innovation (UK) Limited to New Alpha Innovation UK Limited in the current

year.