Registration number: 13376410

Aser Treasury Limited

Contents

Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2 to 4

Aser Treasury Limited

(Registration number: 13376410)
Abridged Balance Sheet as at 30 June 2025

	Note	2025 €	2024 €
Debtors		44,565,534	43,571,714
Current assets
Debtors		5,774,536	5,781,267
Cash at bank and in hand		5,988	7,118
		5,780,524	5,788,385
Creditors: Amounts falling due within one year		(18,573,139)	(21,390,157)
Net current liabilities		(12,792,615)	(15,601,772)
Total assets less current liabilities		31,772,919	27,969,942
Creditors: Amounts falling due after more than one year		(14,822,653)	(16,222,102)
Accruals and deferred income		(36,756)	(28,715)
Net assets		16,913,510	11,719,125
Called up share capital	4	2	2
Share premium reserve		18,061,065	18,061,065
Other reserves		1,862,755	-
Retained earnings		(3,010,312)	(6,341,942)
Shareholders' funds		16,913,510	11,719,125

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

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

Approved and authorised by the director on 28 October 2025
 

......................................... Mr Andrea Radrizzani Director

Aser Treasury Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2025

1	General information

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

The address of its registered office is:
3 Cavendish Square
London
W1G 0LB
England

These financial statements were authorised for issue by the director on 28 October 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.

Exemption from preparing group accounts

The financial statements contain information about Aser Investments Ltd 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 requirement to prepare
consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the
consolidated financial statements of its parent, Aser Group Holding Pte Limited, a company incorporated in
Singapore..

Going concern

The going concern position is dependent on Aser Group companies and other related parties not seeking repayment of the amounts currently due to them, which at 30 June 2025 amounted to €33,395,792 (2024:€37,612,260). Aser Group Holding Pte and the other related parties have indicated that they do not intend to seek repayment of the amounts due at the balance sheet date until such time as the company has sufficient working capital to make those repayments and remain a going concern.

Therefore, even though the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements due to the shareholder support, they recognise there is no certainty over this support being sufficient. The directors are not aware of any other events or conditions beyond the period of their assessment that may cast significant doubt on the entity’s ability to continue as a going concern and therefore have prepared the financial statements on a going concern basis.

Aser Treasury Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2025

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 29 October 2025 was Annette Dwyer, who signed for and on behalf of Midas Accountants & Business Consultants Limited.

Revenue recognition

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Debtors

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

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 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.

Creditors

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.

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.

Aser Treasury Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	€	No.	€
Ordinary of €1 each	2	2	2	2

5

Reserves

Other reserves represents an inter-company loan balance due to the parent company which was modified during
the year, and for which a Directors resolution was passed during the year, to confirm that the balance would be
converted to equity.

6	Parent and ultimate parent undertaking

The parent of the largest group in which these financial statements are consolidated is Aser Group Holding Pte Limited, incorporated in Singapore.

The largest and smallest group in which the results of the company are consolidated is that headed by Aser Group Holding Pte Limited. No other group financial statements include the results of the company. The consolidated financial statements of these groups will be available from Aser Group Holdings Pte Limited at100 Tras Street, #16-01 100AM Singapore 079027.

The ultimate controlling party is A Radrizzani..