REGISTERED NUMBER: 14014395 (England and Wales)

Financial Statements for the Period 1 July 2023 to 31 December 2024

for

Aman Essentials Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms V F Paiva

REGISTERED OFFICE:

63 Brook Street

Mayfair London

England

W1K 4HS

REGISTERED NUMBER:

14014395 (England and Wales)

INDEPENDENT AUDITORS:

Mercer & Hole LLP

Chartered Accountants

Statutory Auditor

21 Lombard Street

London

EC3V 9AH

FIXED ASSETS

Tangible assets

4

9,498

6,751

Investments

5

8,936

8,856

18,434

15,607

CURRENT ASSETS

Stocks

6

841,514

1,749,514

Debtors

7

4,288,822

2,195,204

Cash at bank

133,262

51,068

5,263,598

3,995,786

CREDITORS

Amounts falling due within one year

8

7,983,533

5,791,158

NET CURRENT LIABILITIES

(2,719,935

)

(1,795,372

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,701,501

)

(1,779,765

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

(2,701,502

)

(1,779,766

)

SHAREHOLDERS' FUNDS

(2,701,501

)

(1,779,765

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Ms V F Paiva - Director

1.	STATUTORY INFORMATION

Aman Essentials 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 functional and presentation currency of the financial statements is Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £1.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounting polices set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.

Reporting Period

The financial statements represent a period of accounts between 01 July 2023 - 31 December 2024. Therefore, the figures are not directly comparable with the prior period of 15 months.

Turnover

Revenue represents the sale of merchandise to hotels of the Aman group. Revenue from the sale of goods is stated net of estimated customer returns, rebates, and other similar allowances. Specifically, revenue from the sale of goods is recognised when the goods are delivered, and the legal title has passed.

Revenue relates solely to continuing operations. There are no recognised gains or losses in the period and, accordingly, a statement of other comprehensive income is not presented.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the FIFO (first-in, first-out) method.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Going concern basis of accounting

Notwithstanding net current liabilities of £2,719,935 (2023: £1,795,372 restated), the company incurred a loss for the period of £921,736, (2023: loss - £1,779,766 restated), and the financial statements have been prepared on a going concern basis which the director considers to be appropriate.

The director has prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably plausible downsides, the company will have sufficient funds if it receives funding from Silverlink Resorts Limited to meet its liabilities as they fall due during that period. Silverlink Resorts Limited is an associated company at the balance sheet date.

Silverlink Resorts Limited has indicated its intention to continue to make available such funds as are needed by the company, for the period covered by the forecasts. However, whilst the director has a high expectation that such support will be forthcoming, they have been unable to fully satisfy themselves as to Silverlink Resorts Limited's ability and commitment to providing this support. Therefore, this represents a material uncertainty related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern such that it may be unable to realise its assets and discharge its liabilities in the normal course of business. Notwithstanding this uncertainty, the director has concluded that the going concern basis of preparation remains appropriate

Preparation of consolidated financial statements

The financial statements contain information about Aman Essentials Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 ongoing 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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustments to the carrying amount of assets and liabilities are as follows:

Stocks provision

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock provision on slow moving and obsolete stock is designed to ensure that stock is valued accurately and is assessed with reference to selling price, historical sales pattern and post year-end trading performance.

Debtors Provision

At each reporting date, management of the company assess the recoverability of debtors. Recoverability of a debtor is deemed to be doubtful when one or more events that have a detrimental impact on the estimated cash flow of the debtor has occurred.

Evidence that there is doubt over the recoverability of a debtor includes, but is not limited to, the following observable data:

- significant financial difficulty of the debtor;

- a breach of contract such as a default or being more than 90 days past due;

- it is probable that the debtor will enter bankruptcy or other financial reorganisation; or

- the disappearance of an active market for a security because of financial difficulties.

Provision for debtors measured at amortised costs are deducted from the gross carrying amount.

The gross carrying amount of a debtor is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when management determines that the debtor does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off.

Financial instruments

All of the financial instruments of the company are basic and the company has elected to apply the provisions of Section 11 "Basic Financial Instruments of FRS 10" to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Office

Software

Computer

Equipment

Equipment

equipment

Totals

£

£

£

£

COST

At 1 July 2023

2,773

3,483

1,612

7,868

Additions

-

-

7,000

7,000

At 31 December 2024

2,773

3,483

8,612

14,868

DEPRECIATION

At 1 July 2023

89

491

537

1,117

Charge for period

1,040

1,307

1,906

4,253

At 31 December 2024

1,129

1,798

2,443

5,370

NET BOOK VALUE

At 31 December 2024

1,644

1,685

6,169

9,498

At 30 June 2023

2,684

2,992

1,075

6,751

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 July 2023

8,856

Additions

80

At 31 December 2024

8,936

NET BOOK VALUE

At 31 December 2024

8,936

At 30 June 2023

8,856

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aman Products UK Limited

Registered office: United Kingdom

Nature of business: Sale of premium spa products

%

Class of shares:

holding

Ordinary

100.00

Aman Essentials S.r.l.

Registered office: Italy

Nature of business: Sale of premium clothing & leather goods

%

Class of shares:

holding

Ordinary

100.00

Aman Essentials LLC

Registered office: United States of America

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary shares

100.00

AEL Shanghai Trading Company Limited

Registered office: People's Republic of China

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

During the period on 15 April 2024, the company purchased 100% of the shares in AEL Shangai Trading Company Limited for consideration of £80.

Fixed asset investments relate to the company's holdings in its subsidiaries. Subsidiaries are entities in which Aman Essentials Limited holds more than half of the voting rights or has the ability to direct the financial and operating principles followed.

6.

STOCKS

At 31 December 2024, the total value of stock is £841,514 (2023:£1,749,514). Stock represents goods held for resale.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

as restated

£

£

Trade debtors

656,020

643,650

Amounts owed by group undertakings

3,174,358

1,139,149

Amounts owed by associates

65,167

-

Other debtors

393,277

412,405

4,288,822

2,195,204

Included in debtors above are balances from group undertakings and related parties, which are receivable on demand and non-interest bearing.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

as restated

£

£

Trade creditors

1,317,995

1,000,980

Amounts owed to group undertakings

6,264,475

4,611,743

Taxation and social security

30,343

22,091

Other creditors

370,720

156,344

7,983,533

5,791,158

Included in creditors above are balances owed to group undertakings and related parties which are payable on demand and non interest bearing.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.6.23

value:

as restated

£

£

1

Ordinary

1

1

1

The holders of ordinary shares are entitled to receive dividends as declared form time to time and are entitled to one vote per share at meetings of the Company

10.

RESERVES

Retained Earnings

£

At 1 July 2023 (as restated)

(1,779,766

)

Deficit for the period

(921,736

)

At 31 December 2024

(2,701,502

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

12.	POST BALANCE SHEET EVENTS

The Directors have monitored events after Balance Sheet date and do not believe there have been any events which impact the values stated in these accounts or require any additional disclosure.

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Grand AH Investments Limited, incorporated in the British Virgin Islands and the ultimate controlling party is The Grand Trust incorporated in the British Virgin Islands.