Aventur Wealth Ltd 31/12/2024 iXBRL

Company registration number: 12632431

(England and Wales)

Aventur Wealth Ltd

Unaudited filleted financial statements

for the year ended

31 December 2024

Aventur Wealth Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Aventur Wealth Ltd

Directors and other information


	Directors	Mr S Body
		Mr T Young


	Company number	12632431


	Registered office	The Broadgate Tower
		20 Primrose Street
		London
		EC2A 2EW


	Accountants	Griffin Chapman
		4 & 5 The Cedars, Apex 12
		Old Ipswich Road
		Colchester
		Essex
		CO7 7QR

Aventur Wealth Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Aventur Wealth Ltd

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aventur Wealth Ltd for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Aventur Wealth Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aventur Wealth Ltd and state those matters that we have agreed to state to the board of directors of Aventur Wealth Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aventur Wealth Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Aventur Wealth Ltd 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 Aventur Wealth Ltd. You consider that Aventur Wealth Ltd 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 Aventur Wealth Ltd. 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.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

31 March 2025

Aventur Wealth Ltd

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	415		553
Investments	6	20,266		-
		_______		_______
			20,681		553

Current assets
Debtors	7	686,511		501,352
Cash at bank and in hand		26,816		48,384
		_______		_______
		713,327		549,736
Creditors: amounts falling due
within one year	8	( 37,998)		( 17,890)
		_______		_______
Net current assets			675,329		531,846
			_______		_______
Total assets less current liabilities			696,010		532,399

Creditors: amounts falling due
after more than one year	9		( 109,688)		-

Provisions for liabilities			( 104)		( 138)

			_______		_______
Net assets			586,218		532,261
			_______		_______

Capital and reserves
Called up share capital	11		4,000		4,000
Revaluation reserve	12		268		-
Other reserves	12		84,661		-
Profit and loss account	12		497,289		528,261
			_______		_______
Shareholders funds			586,218		532,261
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 March 2025 , and are signed on behalf of the board by:

Mr S Body Mr T Young

Director Director

Company registration number: 12632431

Aventur Wealth Ltd

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Revaluation reserve	Other reserves	Profit and loss account	Total
	£	£	£	£	£


At 1 January 2023	4,000	-	-	167,766	171,766

Profit for the year				510,495	510,495
	_______	_______	_______	_______	_______
Total comprehensive income for the year	-	-	-	510,495	510,495

Dividends paid and payable				( 150,000)	( 150,000)
	_______	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	-	( 150,000)	( 150,000)

	_______	_______	_______	_______	_______
At 31 December 2023 and 1 January 2024	4,000	-	-	528,261	532,261

Profit for the year				419,296	419,296
Other comprehensive income for the year:
Reclassification to revaluation reserve from profit and loss account		268		( 268)	-
	_______	_______	_______	_______	_______
Total comprehensive income for the year	-	268	-	419,028	419,296

Dividends paid and payable				( 450,000)	( 450,000)
Capital contribution from parent - EMI share options value movement	-	-	84,661	-	84,661
	_______	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	84,661	( 450,000)	( 365,339)

	_______	_______	_______	_______	_______
At 31 December 2024	4,000	268	84,661	497,289	586,218
	_______	_______	_______	_______	_______

Aventur Wealth Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.

The principal activity of the company continues to be the provision of financial intermediation services.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates.

Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satsfied, no adjustment is made irrespective of whether market or non-vesting conditions are met.

Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification.

Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2023: 7 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	1,058	1,058
	_______	_______
Depreciation
At 1 January 2024	505	505
Charge for the year	138	138
	_______	_______
At 31 December 2024	643	643
	_______	_______
Carrying amount
At 31 December 2024	415	415
	_______	_______
At 31 December 2023	553	553
	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 January 2024	-	-
Additions	20,000	20,000
Revaluations	268	268
Other movements	( 2)	( 2)
	_______	_______
At 31 December 2024	20,266	20,266
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	20,266	20,266
	_______	_______
At 31 December 2023	-	-
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	-	20,000
Amounts owed by group undertakings	678,772	472,463
Other debtors	7,739	8,889
	_______	_______
	686,511	501,352
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans	24,088	-
Trade creditors	3,781	-
Taxation and social security	8,239	-
Other creditors	1,890	17,890
	_______	_______
	37,998	17,890
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans	109,688	-
	_______	_______

10. Share-based payments

The parent entity Aventur Group Ltd has a share scheme whereby options over Ordinary B shares of £0.0001 were granted to leadership and other team members of both Aventur Group Ltd and Aventur Wealth Ltd .There were options granted on 27th and 28th September 2023 on 199,128 Ordinary £0.0001 shares in Aventur Group Ltd, for employees working in and for Aventur Wealth Ltd . These options vest over 5 years annually. These options are only exercisable by holders in the event of an exit, either by a company sale or listing. The exercise price of the options are £0.5504651954 per share. The share options have been valued using the Black Scholes method.The share based payment expense of £84,661 calculated on these options was recognised in the year.

The total expense recognised in profit or loss for the year is as follows:

	2024	2023
	£	£
Equity-settled share-based payments	84,661	-
	_________	_______

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 0.01 each	400,000	4,000	400,000	4,000
	_______	_______	_______	_______

12. Reserves

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Other Reserves - This reserve records capital contributions received from the parent entity in relation to equity, including share options settled by the parent entity.Profit and loss account - This reserve records retained earnings and accumulated losses.

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Amounts loaned to group companies	206,309	348,649	678,772	472,463
	_______	_______	_______	_______

The loans are repayable on demand and no interest is charged on the outstanding balance.

14. Controlling party

The ultimate parent company is Aventur Group Limited by virtue of its 100% holding of the issued share capital of the company. No one individual controls Aventur Group Limited.