REGISTERED NUMBER: 08746930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ALFA COMPANY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J L Vinas-Landin

SECRETARY:

Mrs R Seoane-Standt

REGISTERED OFFICE:

Office No. 3

Anchor Warehouse

Anchor Quay

PENRYN

Cornwall

TR10 8GZ

REGISTERED NUMBER:

08746930 (England and Wales)

ACCOUNTANTS:

Lang Bennetts Chartered Accountants

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Intangible assets

4

37,345

47,247

Investments

5

537,470

529,970

574,815

577,217

CURRENT ASSETS

Debtors

6

107,977

40,969

Cash at bank and in hand

5,285

7,837

113,262

48,806

CREDITORS

Amounts falling due within one year

7

694,046

623,042

NET CURRENT LIABILITIES

(580,784

)

(574,236

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,969

)

2,981

CAPITAL AND RESERVES

Called up share capital

8

7,501

1

Retained earnings

(13,470

)

2,980

SHAREHOLDERS' FUNDS

(5,969

)

2,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 30 September 2018 and were signed by:

Mr J L Vinas-Landin - Director

1.	STATUTORY INFORMATION

Alfa Company Investments 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.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements show net current liabilities of €580,784 (2017 - €574,236). 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Patents & licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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.

Foreign currencies

The accounts are stated in euros being the main currency for financial transactions.

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.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

€

COST

At 1 January 2017

61,470

Additions

2,990

At 31 December 2017

64,460

AMORTISATION

At 1 January 2017

14,223

Charge for year

12,892

At 31 December 2017

27,115

NET BOOK VALUE

At 31 December 2017

37,345

At 31 December 2016

47,247

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2017

529,970

Additions

37,499

Disposals

(29,999

)

At 31 December 2017

537,470

NET BOOK VALUE

At 31 December 2017

537,470

At 31 December 2016

529,970

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

€

€

Trade debtors

4,263

-

Amounts owed by group undertakings

86,414

40,164

Other debtors

17,300

805

107,977

40,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

€

€

Trade creditors

16,232

11,071

Other creditors

677,814

611,971

694,046

623,042

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

as restated

€

€

6,819

Ordinary

€1.10

7,501

1

6,818 Ordinary shares of €1.10 each were allotted and fully paid for cash at par during the year.

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J L Vinas-Landin.