ALPHEX_ONE_LIMITED - Accounts

ALPHEX ONE LIMITED - Company Information

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Company Registration No. 04766327 (England and Wales)

ALPHEX ONE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

ALPHEX ONE LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

ALPHEX ONE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALPHEX ONE LIMITED FOR THE YEAR ENDED 31 MARCH 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alphex One Limited for the year ended 31 March 2015 set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of as a body, in accordance with the terms of our engagement letter.

It is your duty to ensure that Alphex One Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alphex One Limited. You consider that Alphex One Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alphex One Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gerald Edelman

9 December 2015

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

ALPHEX ONE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

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2015

2014

Notes

Fixed assets

Tangible assets

4,435

5,152

Investments

4,459

5,152

Current assets

Debtors

38,770

15,454

Cash at bank and in hand

47,194

7,863

85,964

23,317

Creditors: amounts falling due within one year

(21,553)

(8,101)

Net current assets

64,411

15,216

Total assets less current liabilities

68,870

20,368

Capital and reserves

Called up share capital

20,000

Profit and loss account

48,870

368

Shareholders' funds

68,870

20,368

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 December 2015

D Huber

Director

Company Registration No. 04766327

ALPHEX ONE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for consultancy fees on an accruals basis.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33 1/3% straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

ALPHEX ONE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014

19,676

Additions

2,788

2,812

At 31 March 2015

22,464

22,488

Depreciation

At 1 April 2014

14,524

Charge for the year

3,505

At 31 March 2015

18,029

Net book value

At 31 March 2015

4,435

4,459

At 31 March 2014

5,152

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

MHW Associates Limited

England & Wales

Ordinary

20.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

MHW Associates Limited

financial consultants

(30,521)

21,240

The financial results for MHW Associates Limited above are for the year ended 31 March 2014.

Share capital

2015

2014

Allotted, called up and fully paid

2,000,000 Ordinary shares of 1p each

20,000