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REGISTERED NUMBER: 09764486 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

APAISER LIMITED

APAISER LIMITED (REGISTERED NUMBER: 09764486)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APAISER LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: B A Try
G Johnson





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 09764486 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

APAISER LIMITED (REGISTERED NUMBER: 09764486)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 244,112 206,316

CURRENT ASSETS
Debtors 5 23,769 50,556
Cash at bank 6,845 717
30,614 51,273
CREDITORS
Amounts falling due within one year 6 1,126,386 1,028,900
NET CURRENT LIABILITIES (1,095,772 ) (977,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(851,660

)

(771,311

)

CREDITORS
Amounts falling due after more than one
year

7

31,990

39,005
NET LIABILITIES (883,650 ) (810,316 )

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings (893,650 ) (820,316 )
SHAREHOLDERS' FUNDS (883,650 ) (810,316 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

APAISER LIMITED (REGISTERED NUMBER: 09764486)

BALANCE SHEET - continued
30 June 2024


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 11 January 2025 and were signed on its behalf by:





G Johnson - Director


APAISER LIMITED (REGISTERED NUMBER: 09764486)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Apaiser 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. 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.

The company relies on the ongoing support of the parent company, such support being pledged for a period of at least 12 months and 1 day from the date the financial statements are signed. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
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.

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. Amortisation of the asset begins when the related asset is brought into use. Amortisation is determined via their expected useful lives on the following bases:

Development costs - 5 years

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.

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.

Research and development
Research and development tax credits are recognised when received.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

APAISER LIMITED (REGISTERED NUMBER: 09764486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

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.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 311,867
Additions 100,169
At 30 June 2024 412,036
AMORTISATION
At 1 July 2023 105,551
Charge for year 62,373
At 30 June 2024 167,924
NET BOOK VALUE
At 30 June 2024 244,112
At 30 June 2023 206,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 567 24,682
Other debtors 23,202 25,874
23,769 50,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,293 5,572
Trade creditors 9,005 7,302
Amounts owed to group undertakings 1,107,762 997,839
Taxation and social security 2,529 17,719
Other creditors & accruals 797 468
1,126,386 1,028,900

APAISER LIMITED (REGISTERED NUMBER: 09764486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 31,990 39,005

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. ULTIMATE CONTROLLING PARTY

Apaiser Group Pte Limited is the ultimate parent company.

The directors believe that there is no individual controlling party.