Company registration number 12062184 (England and Wales)
APEIRON INVESTMENT ADVISORY UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
APEIRON INVESTMENT ADVISORY UK LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
APEIRON INVESTMENT ADVISORY UK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
29,109
37,187
Current assets
Trade and other receivables
4
418,583
1,465,501
Cash and cash equivalents
204,085
161,259
622,668
1,626,760
Current liabilities
5
(603,427)
(1,374,776)
Net current assets
19,241
251,984
Total assets less current liabilities
48,350
289,171
Provisions for liabilities
(1,209)
(1,209)
Net assets
47,141
287,962
Equity
Called up share capital
6
100
100
Retained earnings
47,041
287,862
Total equity
47,141
287,962

The director of the company has elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 August 2025 and are signed on its behalf by:
J G Simpson
Director
Company registration number 12062184 (England and Wales)
APEIRON INVESTMENT ADVISORY UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Retained earnings
Total
£
£
£
As restated for the period ended 31 December 2023:
Balance at 1 January 2023
100
419,272
419,372
Year ended 31 December 2023:
Loss and total comprehensive income
-
(131,410)
(131,410)
Balance at 31 December 2023
100
287,862
287,962
Year ended 31 December 2024:
Loss and total comprehensive income
-
(240,821)
(240,821)
Balance at 31 December 2024
100
47,041
47,141
APEIRON INVESTMENT ADVISORY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Apeiron Investment Advisory UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Clerks Court, 5th Floor, 18-20 Farringdon Lane, London, EC1R 3AU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date, true Apeiron Investment Advisory UK Limited had net assets of £47,141 (2023 - £287,962 as restated). The company has the support of its parent. The director has considered the anticipated cashflows in conjunction with the support of its parent and believes that the expected cashflows will be sufficient to meet obligations as they fall due. lt is the opinion of the director that the company is a going concern. Accordingly, the financial statements do not include any adjustments that would result from the going concern basis not being appropriate.

1.3
Revenue

Revenue arises from the provision of advisory services consisting of monitor ing, evaluat ing and mak ing investment recommendations.

Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

During the year, the company provided services to its parent company at £nil consideration for the final three months of the year, following the rescission of the advisory agreement.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line
Computer equipment
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income.

APEIRON INVESTMENT ADVISORY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

APEIRON INVESTMENT ADVISORY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

APEIRON INVESTMENT ADVISORY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
17
3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 January 2024
135,412
Additions
9,518
Disposals
(1,416)
At 31 December 2024
143,514
Depreciation and impairment
At 1 January 2024
98,225
Depreciation charged in the year
17,596
Eliminated in respect of disposals
(1,416)
At 31 December 2024
114,405
Carrying amount
At 31 December 2024
29,109
At 31 December 2023
37,187
4
Trade and other receivables
2024
2023
£
£
Amounts falling due within one year:
Trade receivables
60,644
2,641
Corporation tax recoverable
68,884
-
0
Amounts owed by group undertakings
56,505
724,120
Other receivables
232,550
738,740
418,583
1,465,501
APEIRON INVESTMENT ADVISORY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Current liabilities
2024
2023
£
£
Bank loans and overdrafts
3,475
98,185
Trade payables
94,779
125,984
Amounts owed to group undertakings
55,735
163,586
Corporation tax
80,000
141,000
Other taxation and social security
49,914
-
0
Other payables
319,524
846,021
603,427
1,374,776
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion 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 loss 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.

Senior Statutory Auditor:
Warren Baker FCA
Statutory Auditor:
BKL Audit LLP
Date of audit report:
27 August 2025
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
268,882
750,061
APEIRON INVESTMENT ADVISORY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
9
Related party transactions

The company has taken advantage of the exemption available in accordance with Section 33.1A of Financial Reporting Standard 102 whereby it has not disclosed transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

10
Parent company

Apeiron Investment Group Ltd. is the immediate and ultimate parent company, and is the smallest and largest group for which consolidated accounts including Apeiron Investment Advisory UK Limited are prepared. The consolidated accounts of Apeiron Investment Group Ltd. are available from its registered office of 66 & 67, Beatrice, Amery Street, Sliema, SLM1707, Malta.

The ultimate controlling party is Christian B. Angermayer.

11
Prior period adjustment

A prior period adjustment has been made to reflect intercompany interest charges from the parent company to Apeiron Investment Advisory UK Limited. Although a formal agreement was entered into on 1 January 2023, the interest charged under this agreement includes amounts relating to the period from 2019 to 2023, which had not previously been recognised in the financial statements.

Accordingly, the comparative figures for the year ended 31 December 2023 have been restated to include the accrued intercompany interest for those earlier periods. This has resulted in an increase in creditors due within one year and a corresponding increase in finance costs in the restated profit and loss account.

The above adjustments have de creased reported retained profit from £580,562 to £287,962.

Reconciliation of changes in equity
1 January
31 December
2023
2023
£
£
Adjustments to prior year
Intercompany interest
1
-
(292,600)
Equity as previously reported
419,372
580,562
Equity as adjusted
419,372
287,962
Analysis of the effect upon equity
Retained earnings
-
(292,600)
2024-12-31 2024-01-01 false false false 27 August 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity M Weber P Schreiber J G Simpson 12062184 2024-01-01 2024-12-31 12062184 2024-12-31 12062184 2023-12-31 12062184 core:OtherPropertyPlantEquipment 2024-12-31 12062184 core:OtherPropertyPlantEquipment 2023-12-31 12062184 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12062184 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12062184 core:CurrentFinancialInstruments 2024-12-31 12062184 core:CurrentFinancialInstruments 2023-12-31 12062184 core:ShareCapital 2024-12-31 12062184 core:ShareCapital 2023-12-31 12062184 core:RetainedEarningsAccumulatedLosses 2024-12-31 12062184 core:RetainedEarningsAccumulatedLosses 2023-12-31 12062184 core:ShareCapital 2022-12-31 12062184 core:RetainedEarningsAccumulatedLosses 2022-12-31 12062184 core:ShareCapitalOrdinaryShareClass1 2024-12-31 12062184 core:ShareCapitalOrdinaryShareClass1 2023-12-31 12062184 bus:Director3 2024-01-01 2024-12-31 12062184 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12062184 2023-01-01 2023-12-31 12062184 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12062184 core:FurnitureFittings 2024-01-01 2024-12-31 12062184 core:ComputerEquipment 2024-01-01 2024-12-31 12062184 core:OtherPropertyPlantEquipment 2023-12-31 12062184 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 12062184 core:WithinOneYear 2024-12-31 12062184 core:WithinOneYear 2023-12-31 12062184 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 12062184 bus:OrdinaryShareClass1 2024-12-31 12062184 bus:OrdinaryShareClass1 2023-12-31 12062184 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12062184 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12062184 bus:FRS102 2024-01-01 2024-12-31 12062184 bus:Audited 2024-01-01 2024-12-31 12062184 bus:Director1 2024-01-01 2024-12-31 12062184 bus:Director2 2024-01-01 2024-12-31 12062184 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP