| REGISTERED NUMBER: |
| Strategic Report, Report of the Director and |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Aurelius Investments Limited |
| REGISTERED NUMBER: |
| Strategic Report, Report of the Director and |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Aurelius Investments Limited |
| Aurelius Investments Limited (Registered number: 07130691) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Strategic Report | 2 |
| Report of the Director | 4 |
| Report of the Independent Auditors | 5 |
| Statement of Comprehensive Income | 8 |
| 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 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 2024 |
| The director presents her strategic report for the year ended 31 December 2024. |
| 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 |
| During the year the company ceased all activities other than the holding of the property lease |
| The company sales were £15,618,017 (2023 34,654,813) .This year the Company made a profit of £396,886 (2023 loss of £48,207). |
| 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 2024 |
| 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: |
| Aurelius Investments Limited (Registered number: 07130691) |
| Report of the Director |
| for the Year Ended 31 December 2024 |
| The director presents her report with the financial statements of the company for the year ended 31 December 2024. |
| DIVIDENDS |
| No dividends will be distributed for the year ended 31 December 2024. |
| DIRECTOR |
| 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 Business Report rather than the Directors' 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 she 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 her to ensure that the financial statements comply with the Companies Act 2006. She 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 she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
| ON BEHALF OF THE BOARD: |
| Report of the Independent Auditors to the Members of |
| Aurelius Investments Limited |
| Qualified Opinion |
| We have audited the financial statements of Aurelius Investments Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of 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, except for the effects of the matter described in the basis for qualified opinion section, the financial statements: |
| - give a true and fair view of the state of the company’s affairs as at 31 December 2024 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 qualified opinion |
| Sales, cost of sales and prepayments and accrued income, include accrued income of £1,945,819 and prepaid costs of £247,555. |
| These amounts relate to the cessation of activities during the year. The company has not finalised with its customer what income and costs can be charged. As such these values are uncertain as to their recovery. Were they to prove to be irrecoverable then profit for the year would fall by these amounts. |
| 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 qualified opinion. |
| Material uncertainty related to going concern |
| We draw attention to the going concern note in the financial statements, which indicates that the company has ceased all activities other than the holding of the property lease and that a review of this remaining activity is to be carried out. Our opinion is not modified in respect of this matter. |
| 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. |
| Report of the Independent Auditors to the Members of |
| Aurelius Investments Limited |
| 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. |
| 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. |
| Report of the Independent Auditors to the Members of |
| Aurelius Investments Limited |
| 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. |
| 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. |
| for and on behalf of |
| Chartered Accountants and |
| Statutory Auditors |
| Venture House |
| Calne Road |
| Lyneham |
| Chippenham |
| SN15 4PP |
| Aurelius Investments Limited (Registered number: 07130691) |
| Statement of Comprehensive Income |
| for the Year Ended 31 December 2024 |
| 31.12.24 | 31.12.24 | 31.12.24 |
| Continuing | Discontinued | Total |
| Notes | £ | £ | £ |
| REVENUE |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) | ( |
) |
| (152,740 | ) | 339,185 | 186,445 |
| Other operating income | 3 |
| OPERATING PROFIT | 5 |
| Interest payable and similar expenses | 7 | ( |
) | ( |
) |
| PROFIT BEFORE TAXATION |
| Tax on profit | 8 |
| PROFIT FOR THE FINANCIAL YEAR |
| OTHER COMPREHENSIVE INCOME | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| Aurelius Investments Limited (Registered number: 07130691) |
| Statement of Comprehensive Income |
| for the Year Ended 31 December 2024 |
| 31.12.23 | 31.12.23 | 31.12.23 |
| Continuing | Discontinued | Total |
| Notes | £ | £ | £ |
| REVENUE |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) | ( |
) |
| (884,174 | ) | 618,253 | (265,921 | ) |
| Other operating income | 3 |
| OPERATING (LOSS)/PROFIT | 5 | ( |
) | ( |
) |
| Interest receivable and similar income | 6 |
| Interest payable and similar expenses | 7 | ( |
) | ( |
) |
| (LOSS)/PROFIT BEFORE TAXATION | ( |
) | ( |
) |
| Tax on (loss)/profit | 8 |
| (LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
) |
| OTHER COMPREHENSIVE INCOME | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| Aurelius Investments Limited (Registered number: 07130691) |
| Statement of Financial Position |
| 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 9 |
| Investments | 10 |
| CURRENT ASSETS |
| Debtors | 11 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 12 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 14 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 15 |
| Share premium | 16 |
| Retained earnings | 16 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the director and authorised for issue on |
| Aurelius Investments Limited (Registered number: 07130691) |
| Statement of Changes in Equity |
| for the Year Ended 31 December 2024 |
| Called up |
| share | Retained | Share | Total |
| capital | earnings | premium | equity |
| £ | £ | £ | £ |
| Balance at 1 January 2023 |
| Changes in equity |
| Total comprehensive income | - | - |
| Balance at 31 December 2023 |
| Changes in equity |
| Total comprehensive income | - | - |
| Balance at 31 December 2024 |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Aurelius Investments Limited is a |
| 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. |
| During the year the company ceased all activities other than the holding of the property lease. |
| The company is currently reviewing its current activities. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Aurelius Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, AUR Portfolio III SE & Co KgaA, Ludwig-Ganghofer-Straße 6, 82031 Grünwald, Germany. |
| 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. |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| Plant and machinery | - |
| Investments in subsidiaries |
| Investments in associates are recognised at cost. |
| 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 Statement of Comprehensive Income, 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. |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Rents received |
| 4. | EMPLOYEES AND DIRECTORS |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 31.12.24 | 31.12.23 |
| Employees | 47 | 37 |
| Management | 1 | 1 |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | EMPLOYEES AND DIRECTORS - continued |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Director's remuneration |
| 5. | OPERATING PROFIT/(LOSS) |
| The operating profit (2023 - operating loss) is stated after charging: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Other operating leases |
| Depreciation - owned assets |
| Loss on disposal of fixed assets |
| Auditors' remuneration |
| Auditors' remuneration for non audit work |
| 6. | INTEREST RECEIVABLE AND SIMILAR INCOME |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Loan interest received |
| 7. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank interest |
| 8. | TAXATION |
| Analysis of the tax credit |
| The tax credit on the profit for the year was as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Current tax: |
| Prior year tax adjustment | - | (87,739 | ) |
| Deferred tax |
| Tax on profit/(loss) | ( |
) |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 8. | TAXATION - continued |
| Reconciliation of total tax credit 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: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Profit/(loss) before tax | ( |
) |
| Profit/(loss) multiplied by the standard rate of corporation tax in the UK of |
| Effects of: |
| Utilisation of tax losses | ( |
) |
| Adjustments to tax charge in respect of previous periods | ( |
) |
| Deferred tax | - | 13,756 |
| Total tax credit | - | (73,983 | ) |
| 9. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 10. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Unlisted |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 | 40 |
| Additions | 1,003 |
| At 31 December 2024 | 1,043 |
| NET BOOK VALUE |
| At 31 December 2024 | 1,043 |
| 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: |
| Subsidiaries |
| Registered office: The Quad Central Central Business District Birkirkara,Malta. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: The Quad Central Central Business District Birkirkara,Malta. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Held indirectly. |
| Associated company |
| Registered office: 6th Floor 33 Glasshouse Street, London, United Kingdom, W1B 5DG |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Profit/(loss) for the year | ( |
) |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| Prepayments |
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Pensions | - | 14,584 |
| Other creditors |
| Accruals and deferred income |
| Accrued expenses |
| 13. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 14. | PROVISIONS FOR LIABILITIES |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2024 |
| Balance at 31 December 2024 |
| Aurelius Investments Limited (Registered number: 07130691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 15. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| ordinary | £1 | 2 | 2 |
| 16. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 January 2024 | 3,173,237 |
| Profit for the year |
| At 31 December 2024 | 3,570,123 |
| 17. | ULTIMATE PARENT COMPANY |
| AUR Portfolio III 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 AUR Portfolio III 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. |
| Included in Trade debtors are amounts due, for the provision of consulting services, as follows; |
| Aurelius IV UK Acquico Five Ltd | £7,200 |
| Aurelius IV UK Acquico Three Ltd | £7,200 |
| 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. |
| During the year the company ceased all activities other than the holding of the property lease. |
| The company is currently reviewing its current activities. |