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REGISTERED NUMBER: 07130691 (England and Wales)












Strategic Report, Report of the Director and

Financial Statements

for the Year Ended 31 December 2023

for

Aurelius Investments Limited

Aurelius Investments Limited (Registered number: 07130691)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


Aurelius Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T Nagler





REGISTERED OFFICE: 6th Floor
33 Glasshouse Street
London
W1B 5DG





REGISTERED NUMBER: 07130691 (England and Wales)





AUDITORS: Venture House Business Service Limited
Chartered Accountants and
Statutory Auditors
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Aurelius Investments Limited (Registered number: 07130691)

Strategic Report
for the Year Ended 31 December 2023

The director presents his strategic report for the year ended 31 December 2023.

The Company provides consultancy services to its parent company regarding the acquisition of investments. The Company also provides loans to related party investors to allow them to acquire investments. The Company charges a fee for consultancy based on costs incurred rather than the uncertain project outcomes. The Company charges interest on the loans given.

REVIEW OF BUSINESS
The trading performance of the financial year under review was broadly in line with the Board's strategic target and expectation. The company sales increased with total turnover for the year reaching £34.7m (2022 £19.3m).This increase in turnover is due to a conscious decision, made during 2023, to grow the business through increasing employees to increase the capabilities of the company to support consultancy services delivery. There was a resultant operating loss for the year of £47.9k, compared to a loss in 2022 of £0.368m. For the coming financial year, the company will continue to seek profitable growth. Given the current market conditions, the company expects to see favourable opportunities to operate.

PRINCIPAL RISKS AND UNCERTAINTIES
The director regularly takes steps to identify, manage and mitigate business risks. Trading in a competitive market requires the ability to assess and respond to any issues arising quickly and effectively, and maintaining good business relationship with key stakeholders.

The Aurelius management promptly analyses the situation of its portfolio companies in close consultation with the operating management teams of the group companies. The closeness to the group companies made it possible to devise and implement comprehensive action plans to protect the health of employees, minimise the risks to our business processes and soften the blow of the challenging external conditions at the different levels of holding companies and group companies.

There were no liquidity, credit or exchange risks to draw attention to.

ENGAGEMENT WITH EMPLOYEES
People create success. Our success is the result of the individual performance of every employee.
Respectful treatment of all employees.
Unconditional respect of human rights.
Conscious diversity and internationality of our workforce.
More jobs thanks to successful growth strategies.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS
Corporate Codex
Principles such as responsible, sustainable management are firmly embedded in the Aurelius ESG (Environmental Social Governance) policy, including:
No investment in the arms industry.
No investment in emissions-intensive companies.
No trading in weapons or armaments, tobacco or tobacco products.
Code of Conduct for suppliers and service providers.
Anti-corruption and anti-bribery policy.
Protection and support for whistleblowers.


Aurelius Investments Limited (Registered number: 07130691)

Strategic Report
for the Year Ended 31 December 2023

STATEMENT OF CORPORATE GOVERNANCE ARRANGEMENTS
Environment:
Goal for the year 2025: Reduce Group wide CO2 emissions by 30 percent.
Measures have been introduced to permanently reduced CO2 emissions.
Reduction of flights through the increased use of video conferences and online meetings and using train travel as an alternative.
Precautions to prevent environmental damage.
CO2 offsetting of the flights of all holding company employees since the 2019 financial year.

Social commitment:
Aurelius refugee initiative e.v. Aurelius has been helping refugees since 2015.
Extensive support of the START Foundation to promote outstanding young people with migration backgrounds since 2018.
Long established tradition: Christmas-season collection drive for important social projects; AURELIUS matches the donations raised by employees

ON BEHALF OF THE BOARD:





T Nagler - Director


27 November 2024

Aurelius Investments Limited (Registered number: 07130691)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2023.

DIRECTOR
T Nagler held office during the whole of the period from 1 January 2023 to the date of this report.

Additional information can be found in the Strategic Business Report.

DISCLOSURE IN THE STRATEGIC REPORT
The Company has opted to disclose some items in the Strategic Report rather than the Director's Report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





T Nagler - Director


27 November 2024

Report of the Independent Auditors to the Members of
Aurelius Investments Limited

Opinion
We have audited the financial statements of Aurelius Investments Limited (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty relating to going concern
We draw your attention to the going concern note. As stated, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Aurelius Investments Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Aurelius Investments Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Christopher Baylis (Senior Statutory Auditor)
for and on behalf of Venture House Business Service Limited
Chartered Accountants and
Statutory Auditors
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

28 November 2024

Aurelius Investments Limited (Registered number: 07130691)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

REVENUE 34,654,813 19,269,330

Cost of sales 33,076,869 18,612,407
GROSS PROFIT 1,577,944 656,923

Administrative expenses 1,843,865 1,249,307
(265,921 ) (592,384 )

Other operating income 3 208,036 224,862
OPERATING LOSS 5 (57,885 ) (367,522 )

Interest receivable and similar income 6 10,004 8,552
(47,881 ) (358,970 )

Interest payable and similar expenses 7 146 60
LOSS BEFORE TAXATION (48,027 ) (359,030 )

Tax on loss 8 (73,983 ) 104,554
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

25,956

(463,584

)

Aurelius Investments Limited (Registered number: 07130691)

Other Comprehensive Income
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 25,956 (463,584 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

25,956

(463,584

)

Aurelius Investments Limited (Registered number: 07130691)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 9 141,108 92,476
Investments 10 40 -
141,148 92,476

CURRENT ASSETS
Debtors 11 4,888,544 4,171,368
Cash at bank 538,013 973,113
5,426,557 5,144,481
CREDITORS
Amounts falling due within one year 12 2,363,040 2,072,004
NET CURRENT ASSETS 3,063,517 3,072,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,204,665

3,164,953

PROVISIONS FOR LIABILITIES 14 31,426 17,670
NET ASSETS 3,173,239 3,147,283

CAPITAL AND RESERVES
Called up share capital 15 2 2
Share premium 16 527,529 527,529
Retained earnings 16 2,645,708 2,619,752
SHAREHOLDERS' FUNDS 3,173,239 3,147,283

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





T Nagler - Director


Aurelius Investments Limited (Registered number: 07130691)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 January 2022 2 3,083,336 527,529 3,610,867

Changes in equity
Total comprehensive income - (463,584 ) - (463,584 )
Balance at 31 December 2022 2 2,619,752 527,529 3,147,283

Changes in equity
Total comprehensive income - 25,956 - 25,956
Balance at 31 December 2023 2 2,645,708 527,529 3,173,239

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Aurelius 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.

The Company provides consultancy services to its parent company regarding the acquisition of investments. The Company also provides loans to related party investors to allow them to acquire investments. The Company charges a fee for consultancy based on costs incurred rather than the uncertain project outcomes. The Company charges interest on the loans given. This is outlined in the turnover and significant judgements policies. The inherent uncertainty in future revenue is reflected in the going concern note.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 33.7.

The qualifying entity is referred to in note 17.

Significant judgements and estimates including going concern
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue is recognised based on recoverable amounts invoiced in the period, all costs are matched to these revenues as there is no certainty as to any future revenue related to such expenditure. The company relies upon the continued support of its main customer, Aurelius Equity Opportunities SE & Co. KGaA. In reaching the conclusion as to going concern the director sought and obtained an indication of this continued support.

Turnover
Sales are consultancy services provided to Aurelius Equity Opportunities SE & Co KGaA and are recognised when invoiced.

Loan interest received relates to the loans stated within debtors. The loans are granted without fixed interest, instead the company is entitled to a proportion of the repayment and interest generated from the borrower's related investment.The interest is recognised in the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are to be recognised initially on the transaction date when the Company becomes party to the contractual provisions of the financial instrument. Financial assets measured at amortised cost comprise cash, trade debtors, other debtors and amounts owed by associated undertakings.
Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or the risks and rewards of ownership have been transferred. Financial liabilities measured at amortised cost comprise bank loans and overdrafts, trade creditors, other creditors and accruals.

For the purpose of determining whether the contractual cash flows are solely payments of principal and interest, the principal is defined as the fair value of the financial asset upon initial recognition. Interest is defined as the compensation for the time value of money and the default risk associated with an outstanding principal amount over a certain time period, and for other fundamental credit risk, costs, and a profit margin.

Classification of long term loans as a fixed asset investment is made when the intention of the Company is to use these assets on a continuing basis in the company's activities.

Complex financial instruments are included at their fair value. If the fair value is not reliable the amount is based on the last date the instrument was reliably measurable, which is treated as the cost of the instrument. The Company shall measure the instrument at this cost amount less impairment until a reliable measure of fair value becomes available.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments in associates
Investments in associates are recognised at cost.

3. OTHER OPERATING INCOME
31.12.23 31.12.22
£    £   
Rents received 208,036 215,536
Sundry receipts - 9,326
208,036 224,862

4. EMPLOYEES AND DIRECTORS
31.12.23 31.12.22
£    £   
Wages and salaries 5,268,385 2,527,768
Social security costs 666,299 380,622
Other pension costs 52,534 27,958
5,987,218 2,936,348

The average number of employees during the year was as follows:
31.12.23 31.12.22

Employees 37 18
Management 1 1
38 19

31.12.23 31.12.22
£    £   
Director's remuneration - -

5. OPERATING LOSS

The operating loss is stated after charging:

31.12.23 31.12.22
£    £   
Other operating leases 332,633 317,781
Depreciation - owned assets 43,716 19,922
Auditors' remuneration 6,750 6,750
Auditors' remuneration for non audit work 2,250 2,250

6. INTEREST RECEIVABLE AND SIMILAR INCOME
31.12.23 31.12.22
£    £   
Loan interest received 10,004 8,552

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.23 31.12.22
£    £   
Bank interest 146 60

8. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax - 87,739
Prior year tax adjustment (87,739 ) -
Total current tax (87,739 ) 87,739

Deferred tax 13,756 16,815
Tax on loss (73,983 ) 104,554

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.23 31.12.22
£    £   
Loss before tax (48,027 ) (359,030 )
Loss multiplied by the standard rate of corporation tax in the UK of
0% (2022 - 19%)

-

(68,216

)

Effects of:
Expenses not deductible for tax purposes - 828,697
Depreciation in excess of capital allowances - 28,689
Adjustments to tax charge in respect of previous periods (87,739 ) -
Deferred tax 13,756 16,815
Group relief - (701,431 )
Total tax (credit)/charge (73,983 ) 104,554

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 January 2023 257,752
Additions 92,348
At 31 December 2023 350,100
DEPRECIATION
At 1 January 2023 165,276
Charge for year 43,716
At 31 December 2023 208,992
NET BOOK VALUE
At 31 December 2023 141,108
At 31 December 2022 92,476

10. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 40
At 31 December 2023 40
NET BOOK VALUE
At 31 December 2023 40

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated company

Aurelius Investment Advisory Limited
Registered office: 6th Floor 33 Glasshouse Street, London, United Kingdom, W1B 5DG
Nature of business: Holding company
%
Class of shares: holding
Ordinary 40.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves (1,534,270 ) (465,537 )
Loss for the year/period (1,068,733 ) (465,637 )

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 34,675 -
Amounts owed by group undertakings 4,023,817 3,519,118
Amounts owed by associates 353,405 -
Other debtors 218 496
Loan Receivables - 88,752
VAT 76,250 49,937
Prepayments and accrued income 273,228 337,590
Prepayments 126,951 175,475
4,888,544 4,171,368

£3,313,238 has been reclassified from prepayments and accrued income to amounts owed by group undertakings to better reflect the commercial reality of the situation.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 48,576 98,230
Amounts owed to group undertakings 782,043 64,638
Tax - 87,739
Social security and other taxes 217,516 115,563
Pensions 14,584 8,197
Other creditors 285,472 350,717
Accruals and deferred income 12,000 6,000
Accrued expenses 1,002,849 1,340,920
2,363,040 2,072,004

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 380,148 380,148
Between one and five years 1,520,592 1,520,592
In more than five years 143,727 523,875
2,044,467 2,424,615

14. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 31,426 17,670

Deferred
tax
£   
Balance at 1 January 2023 17,670
Provided during year 13,756
Balance at 31 December 2023 31,426

Aurelius Investments Limited (Registered number: 07130691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 ordinary £1 2 2

16. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 2,619,752 527,529 3,147,281
Profit for the year 25,956 25,956
At 31 December 2023 2,645,708 527,529 3,173,237

17. ULTIMATE PARENT COMPANY

Aurelius Equity Opportunities SE & Co KGaA (incorporated in Germany ) is regarded by the director as being the company's ultimate parent company.

The Company is included in the group accounts prepared by the ultimate parent company, copies of which can be obtained from Ludwig-Ganghofer Stasse 6, 82031 Grunwald.

The parent company is Aurelius Equity Opportunities SE & Co KGaA.

18. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Loan receivables consist of loans totalling £nil (2022: £88,752) to related parties. They are related parties by virtue of them being under the control of a director of other group companies. The loans have been granted without fixed interest.

Other related parties
31.12.23 31.12.22
£    £   
Sales 175,140 -
Purchases 13,772 -
Amount due from related party 353,405 -

19. GOING CONCERN

Revenue is recognised based on recoverable amounts invoiced in the period, all costs are matched to these revenues as there is no certainty as to any future revenue related to such expenditure. Never the less the company relies upon the continued support of its main customer, Aurelius Equity Opportunities SE & Co. KGaA. It is the intention of the company and its parent that it will continue to trade for at least twelve months from the date of the audit report. To this regard the parent company intends to offer such support as may be necessary to ensure this.