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Registration number: 14519423

ASE Partners Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 January 2024 to 30 April 2025

 

ASE Partners Ltd

Contents

Company Information

1

Director's Report

2

Abridged Statement Financial Position

3

Statement of Changes in Equity

4

Notes to the Unaudited Abridged Financial Statements

5 to 9

 

ASE Partners Ltd

Company Information

Director

Mr Pietro Marini

Company secretary

Lincoln Secretaries Limited

Registered office

12 Bridewell Place
London
EC4V 6AP

 

ASE Partners Ltd

Director's Report for the Period from 1 January 2024 to 30 April 2025

The director presents his report and the abridged financial statements for the period from 1 January 2024 to 30 April 2025.

Incorporation

The company was incorporated on 1 December 2022.

Director of the company

The director who held office during the period was as follows:

Mr Pietro Marini

Principal activity

The principal activity of the company is Activities of other holding companies not elsewhere classified

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 August 2025
 

.........................................
Lincoln Secretaries Limited
Company secretary

 

ASE Partners Ltd

(Registration number: 14519423)
Abridged Statement Financial Position as at 30 April 2025

Note

2025
$

2023
$

Fixed assets

 

Investments

6

-

97

Current assets

 

Debtors

3,874

-

Cash at bank and in hand

 

319,051

26

 

322,925

26

Prepayments and accrued income

 

110,000

-

Creditors: Amounts falling due within one year

(432,312)

(12,541)

Net current assets/(liabilities)

 

613

(12,515)

Total assets less current liabilities

 

613

(12,418)

Accruals and deferred income

 

(585)

(637)

Net assets/(liabilities)

 

28

(13,055)

Capital and reserves

 

Called up share capital

7

124

122

Retained earnings

(96)

(13,177)

Shareholders' funds/(deficit)

 

28

(13,055)

For the financial period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 August 2025
 

.........................................
Mr Pietro Marini
Director

 

ASE Partners Ltd

Statement of Changes in Equity for the Period from 1 January 2024 to 30 April 2025

Share capital
$

Retained earnings
$

Total
$

At 1 January 2024

122

(13,177)

(13,055)

Profit for the period

-

1,844,666

1,844,666

Dividends

-

(1,831,585)

(1,831,585)

New share capital subscribed

2

-

2

At 30 April 2025

124

(96)

28

Share capital
$

Retained earnings
$

Total
$

Loss for the period

-

(13,177)

(13,177)

New share capital subscribed

122

-

122

At 31 December 2023

122

(13,177)

(13,055)

 

ASE Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2024 to 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Bridewell Place
London
EC4V 6AP
England

These financial statements were authorised for issue by the director on 11 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

ASE Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2024 to 30 April 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

ASE Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2024 to 30 April 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 0).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2025
$

2023
$

Income from shares in group undertakings

(1,852,797)

-

 

ASE Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2024 to 30 April 2025

5

Tangible assets

Furniture, fittings and equipment
 $

Total
$

Cost or valuation

Additions

3,874

3,874

At 30 April 2025

3,874

3,874

Depreciation

Eliminated on disposal

3,874

3,874

At 30 April 2025

3,874

3,874

Carrying amount

At 30 April 2025

-

-

6

Investments

Total
$

Cost or valuation

At 1 January 2024

97

Disposals

(97)

At 30 April 2025

-

Provision

Carrying amount

At 30 April 2025

-

At 31 December 2023

97

2025
$

2023
$

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

ASE Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2024 to 30 April 2025

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2025

2023

Subsidiary undertakings

Trading Bio - Tbio Ltd

12 Bridewell Place,
London,England,
EC4V 6AP

England and Wales

Ordinary

0%

66.67%

Subsidiary undertakings

Trading Bio - Tbio Ltd

The principal activity of Trading Bio - Tbio Ltd is Wholesale of other fuels and related products.

7

Share capital

Allotted, called up and fully paid shares

2025

2023

No.

$

No.

$

Ordinary Shares of $1.22 each

100

122

100

122

B Ordinary Share of $1.27 (2023 - $0) each

1

1

-

-

101

123

100

122

8

Dividends

2025

2023

$

$

Interim dividend of $18,104.07 (2023 - $Nil) per ordinary share

1,831,586

-