IRIS Accounts Production v25.2.0.378 07130691 director 1.1.24 31.12.24 31.12.24 provision of agency services. true true false true true false false false true true false Auditors Opinion ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071306912023-12-31071306912024-12-31071306912024-01-012024-12-31071306912022-12-31071306912023-01-012023-12-31071306912023-12-3107130691ns15:EnglandWales2024-01-012024-12-3107130691ns14:PoundSterling2024-01-012024-12-3107130691ns10:Director12024-01-012024-12-3107130691ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107130691ns10:FRS1022024-01-012024-12-3107130691ns10:Audited2024-01-012024-12-3107130691ns10:LargeCompaniesRegimeForDirectorsReport2024-01-012024-12-3107130691ns10:LargeCompaniesRegimeForAccounts2024-01-012024-12-3107130691ns10:FullAccounts2024-01-012024-12-3107130691ns5:Associate12024-01-012024-12-3107130691ns10:OrdinaryShareClass12024-01-012024-12-3107130691ns10:RegisteredOffice2024-01-012024-12-3107130691ns10:Director22024-01-012024-12-3107130691ns5:ContinuingOperations2024-01-012024-12-3107130691ns5:DiscontinuedOperations2024-01-012024-12-3107130691ns5:ContinuingOperations2023-01-012023-12-3107130691ns5:DiscontinuedOperations2023-01-012023-12-3107130691ns5:CurrentFinancialInstruments2024-12-3107130691ns5:CurrentFinancialInstruments2023-12-3107130691ns5:ShareCapital2024-12-3107130691ns5:ShareCapital2023-12-3107130691ns5:SharePremium2024-12-3107130691ns5:SharePremium2023-12-3107130691ns5:RetainedEarningsAccumulatedLosses2024-12-3107130691ns5:RetainedEarningsAccumulatedLosses2023-12-3107130691ns5:ShareCapital2022-12-3107130691ns5:RetainedEarningsAccumulatedLosses2022-12-3107130691ns5:SharePremium2022-12-3107130691ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3107130691ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3107130691ns5:PlantMachinery2024-01-012024-12-3107130691ns5:OwnedAssets2024-01-012024-12-3107130691ns5:OwnedAssets2023-01-012023-12-310713069132024-01-012024-12-310713069132023-01-012023-12-3107130691ns5:PlantMachinery2023-12-3107130691ns5:PlantMachinery2024-12-3107130691ns5:PlantMachinery2023-12-3107130691ns5:CostValuation2023-12-3107130691ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-12-3107130691ns5:AdditionsToInvestments2024-12-3107130691ns5:AdditionsToInvestmentsns5:UnlistedNon-exchangeTraded2024-12-3107130691ns5:CostValuation2024-12-3107130691ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-12-3107130691ns5:UnlistedNon-exchangeTraded2024-12-3107130691ns5:UnlistedNon-exchangeTraded2023-12-3107130691ns5:Subsidiary12024-01-012024-12-31071306911ns5:Subsidiary12024-01-012024-12-3107130691ns5:Subsidiary22024-01-012024-12-3107130691ns5:Subsidiary232024-01-012024-12-3107130691ns5:Associate112024-01-012024-12-3107130691ns5:Associate12024-12-3107130691ns5:Associate12023-12-3107130691ns5:Associate12023-01-012023-12-3107130691ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107130691ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107130691ns5:WithinOneYear2024-12-3107130691ns5:WithinOneYear2023-12-3107130691ns5:BetweenOneFiveYears2024-12-3107130691ns5:BetweenOneFiveYears2023-12-3107130691ns5:MoreThanFiveYears2024-12-3107130691ns5:MoreThanFiveYears2023-12-3107130691ns5:AllPeriods2024-12-3107130691ns5:AllPeriods2023-12-3107130691ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3107130691ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3107130691ns5:DeferredTaxation2023-12-3107130691ns5:DeferredTaxation2024-12-3107130691ns10:OrdinaryShareClass12024-12-3107130691ns5:RetainedEarningsAccumulatedLosses2023-12-3107130691ns5:SharePremium2023-12-31
REGISTERED NUMBER: 07130691 (England and Wales)












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: A B Hartmann





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 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:





A B Hartmann - Director


6 August 2025

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
T Nagler held office from 1 January 2024 until after 31 December 2024 but prior to the date of this report.
A B Hartmann was appointed as a director after 31 December 2024 but prior 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 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:





A B Hartmann - Director


6 August 2025

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.




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

6 August 2025

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 - 15,618,017 15,618,017
Cost of sales - (12,673,267 ) (12,673,267 )
GROSS PROFIT - 2,944,750 2,944,750

Administrative expenses (152,740 ) (2,605,565 ) (2,758,305 )
(152,740 ) 339,185 186,445

Other operating income 3 210,536 - 210,536


OPERATING PROFIT 5 57,796 339,185 396,981

Interest payable and similar expenses 7 - (95 ) (95 )
PROFIT BEFORE TAXATION 57,796 339,090 396,886
Tax on profit 8 - - -
PROFIT FOR THE FINANCIAL YEAR 57,796 339,090 396,886

OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

396,886

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 - 34,654,813 34,654,813
Cost of sales - (33,076,869 ) (33,076,869 )
GROSS PROFIT - 1,577,944 1,577,944

Administrative expenses (884,174 ) (959,691 ) (1,843,865 )
(884,174 ) 618,253 (265,921 )

Other operating income 3 208,036 - 208,036


OPERATING (LOSS)/PROFIT 5 (676,138 ) 618,253 (57,885 )

Interest receivable and similar income 6 - 10,004 10,004
Interest payable and similar expenses 7 - (146 ) (146 )
(LOSS)/PROFIT BEFORE TAXATION (676,138 ) 628,111 (48,027 )
Tax on (loss)/profit 8 - 73,983 73,983
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(676,138

)

702,094

25,956

OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

25,956

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 9 127,196 141,108
Investments 10 1,043 40
128,239 141,148

CURRENT ASSETS
Debtors 11 3,960,953 4,888,544
Cash at bank 317,565 538,013
4,278,518 5,426,557
CREDITORS
Amounts falling due within one year 12 805,206 2,363,040
NET CURRENT ASSETS 3,473,312 3,063,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,601,551

3,204,665

PROVISIONS FOR LIABILITIES 14 31,426 31,426
NET ASSETS 3,570,125 3,173,239

CAPITAL AND RESERVES
Called up share capital 15 2 2
Share premium 16 527,529 527,529
Retained earnings 16 3,042,594 2,645,708
SHAREHOLDERS' FUNDS 3,570,125 3,173,239

The financial statements were approved by the director and authorised for issue on 6 August 2025 and were signed by:





A B Hartmann - Director


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 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

Changes in equity
Total comprehensive income - 396,886 - 396,886
Balance at 31 December 2024 2 3,042,594 527,529 3,570,125

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 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.

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
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.

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
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

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 210,536 208,036

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 6,876,559 5,268,385
Social security costs 837,128 666,299
Other pension costs 66,096 52,534
7,779,783 5,987,218

The average number of employees during the year was as follows:
31.12.24 31.12.23

Employees 47 37
Management 1 1
48 38

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 151,722 332,633
Depreciation - owned assets 46,811 43,716
Loss on disposal of fixed assets 1,836 -
Auditors' remuneration 17,932 6,750
Auditors' remuneration for non audit work 11,691 2,250

6. INTEREST RECEIVABLE AND SIMILAR INCOME
31.12.24 31.12.23
£    £   
Loan interest received - 10,004

7. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.24 31.12.23
£    £   
Bank interest 95 146

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 - 13,756
Tax on profit/(loss) - (73,983 )

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 396,886 (48,027 )
Profit/(loss) multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 0%)

99,222

-

Effects of:
Utilisation of tax losses (99,222 ) -
Adjustments to tax charge in respect of previous periods - (87,739 )
Deferred tax - 13,756

Total tax credit - (73,983 )

9. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 January 2024 350,100
Additions 34,735
Disposals (2,050 )
At 31 December 2024 382,785
DEPRECIATION
At 1 January 2024 208,992
Charge for year 46,811
Eliminated on disposal (214 )
At 31 December 2024 255,589
NET BOOK VALUE
At 31 December 2024 127,196
At 31 December 2023 141,108

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 40
Additions 1,003 - 1,003
At 31 December 2024 1,003 40 1,043
NET BOOK VALUE
At 31 December 2024 1,003 40 1,043
At 31 December 2023 - 40 40

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

Subsidiaries

Aurelius Services Holdings Ltd
Registered office: The Quad Central Central Business District Birkirkara,Malta.
Nature of business: Business services
%
Class of shares: holding
Ordinary 100.00

Aurelius Services Ltd
Registered office: The Quad Central Central Business District Birkirkara,Malta.
Nature of business: Business services
%
Class of shares: holding
Ordinary 100.00

Held indirectly.

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
31.12.24 31.12.23
£    £   
Aggregate capital and reserves (3,656,559 ) (1,779,167 )
Profit/(loss) for the year 5,019,379 (234,236 )

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 14,400 34,675
Amounts owed by group undertakings 432,779 4,023,817
Amounts owed by associates 6,726 353,405
Other debtors - 218
VAT 79,228 76,250
Prepayments and accrued income 3,134,325 273,228
Prepayments 293,495 126,951
3,960,953 4,888,544

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 20,695 48,576
Amounts owed to group undertakings 30,510 782,043
Tax 60,352 -
Social security and other taxes - 217,516
Pensions - 14,584
Other creditors - 285,472
Accruals and deferred income 12,000 12,000
Accrued expenses 681,649 1,002,849
805,206 2,363,040

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 398,008 380,148
Between one and five years 961,861 1,520,592
In more than five years - 143,727
1,359,869 2,044,467

14. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 31,426 31,426

Deferred
tax
£   
Balance at 1 January 2024 31,426
Balance at 31 December 2024 31,426

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: £    £   
2 ordinary £1 2 2

16. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 2,645,708 527,529 3,173,237
Profit for the year 396,886 396,886
At 31 December 2024 3,042,594 527,529 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.