Alliantist Holdings Limited - Accounts to registrar (filleted) - small 18.2

Alliantist Holdings Limited - Accounts to registrar (filleted) - small 18.2

ALLIANTIST HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 10614477 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

ALLIANTIST HOLDINGS LIMITED
ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLIANTIST HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: S R Baxter
P J Darby
M E Darby
M J Rourke





REGISTERED OFFICE: Sussex Innovation Centre
Science Park Square
Sussex University
Falmer
East Sussex
BN1 9SB





REGISTERED NUMBER: 10614477 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE
Page 1
ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000,100 100

CURRENT ASSETS
Debtors 5 - 1,506
Cash at bank 1,001,320 1,003,077
1,001,320 1,004,583
CREDITORS
Amounts falling due within one year 6 1,058,304 54,949
NET CURRENT (LIABILITIES)/ASSETS (56,984 ) 949,634
TOTAL ASSETS LESS CURRENT
LIABILITIES
943,116
949,734

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 943,016 949,634
SHAREHOLDERS' FUNDS 943,116 949,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 21 December 2021 and were signed on its behalf by:





M E Darby - Director


The notes form part of these financial statements

Page 2
ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Alliantist Holdings 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.

Going concern
The directors do not anticipate that the recent Covid-19 outbreak will affect the company's ability to continue for the foreseeable future, given the resources of the company and continued strong performance of the subsidiaries. The company continues to adopt the going concern basis when preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Share-based payments
The Company has granted share options ('equity-settled share-based payments') to certain employees of its subsidiary company.

Equity-settled share-based payments are measured at the fair value as the grant date by reference to the fair value of the equity instrument using the Black-Scholes model. The expense in relation to the options granted to employees of the company's subsidiary are recognised by the company as a capital contribution and presented as an increased in the company's investment in that subsidiary.

3. EMPLOYEES

The average number of employees during the year was NIL (2020 - NIL).

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ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2020 100
Additions 1,000,000
At 31 March 2021 1,000,100
NET BOOK VALUE
At 31 March 2021 1,000,100
At 31 March 2020 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors - 1,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 1,056,150 53,756
Taxation and social security - 1,193
Other creditors 2,154 -
1,058,304 54,949

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1,000,000 Ordinary 100 100 100

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ALLIANTIST HOLDINGS LIMITED (REGISTERED NUMBER: 10614477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


8. SHARE-BASED PAYMENTS

Under the company plan, share options are granted to key employees at the average price of the company's shares at the grant date. The employee is entitled to exercise a proportion of the share options annually, from the grant date (the "vesting period"). Options are forfeited if the employee leaves the company before they become entitled to exercise the share options.





March
options
number		Weighted
average
exercise price
(£


)
Outstanding at 1 April--
Granted during the period24,21010.00
Forfeited during the period--
Exercised during the period--
Expired during the period--
Outstanding at end of period24,21010.00

Exercisable at end of period--

The weighted average fair value of options granted in the year was determined using the Black-Scholes option pricing model. The Black-Scholes model is considered to apply the most appropriate valuation method due to the relatively short contractual lives of the options and the requirement to exercise within a short period after the employee becomes entitled to the shares (the "vesting date").

The expected life used in the model has been adjusted, based on management's best estimate, for the effect of non-transferability, exercise restrictions and behavioural considerations.

Non-vesting conditions and market conditions are taken into account when estimating the fair value of the option at grant date. Service conditions and non-market performance conditions are taken into account by adjusting the number of options expected to vest at each reporting date.

The total charge for the period was £Nil (2020: £Nil).

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