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Registered number: 14714960 ASCENT FUND SERVICES (UK) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
ASCENT FUND SERVICES (UK) LIMITED REGISTERED NUMBER: 14714960 BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 776 |  | -
|  |  | 776 |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 72,952 |  | 100 |
Cash at bank and in hand | 6 | 5,522 |  | 3,317 |
|  | 78,474 |  | 3,417 |
Creditors: amounts falling due within one year | 7 | (230,441) |  | (63,614) |
Net current liabilities |  |  | (151,967) |  | (60,197)
Total assets less current liabilities |  |  | (151,191) |  | (60,197)
Net liabilities |  |  | (151,191) |  | (60,197)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (151,291) |  | (60,297)
|  |  | (151,191) |  | (60,197)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 April 2026. Page 1
ASCENT FUND SERVICES (UK) LIMITED REGISTERED NUMBER: 14714960 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025
Jamie Lyndon Spark
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
ASCENT FUND SERVICES (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Ascent Fund Services (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below: Registered number: 14714960 Registered office: Level 18 100 Bishopsgate, London, England, EC2N 4AG 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
ASCENT FUND SERVICES (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
ASCENT FUND SERVICES (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 1).
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| Additions | 792
| At 31 July 2025 | 792
| Depreciation |
| Charge for the year on owned assets | 16
| At 31 July 2025 | 16
| Net book value |
| At 31 July 2025 | 776
| At 31 July 2024 | -
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
Page 5
ASCENT FUND SERVICES (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 5.Debtors (continued)
| Trade debtors | 11,509 | -
| Amounts owed by group undertakings | 61,143 | -
| Other debtors | 150 | -
| Called up share capital not paid | 100 | 100
| Prepayments and accrued income | 50 | -
|  | 72,952 | 100
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 5,522 | 3,317
|  | 5,522 | 3,317
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,584 | 1,119
| Amounts owed to group undertakings | 220,372 | 53,190
| Other taxation and social security | 1,391 | 2,544
| Other creditors | 4,594 | 6,261
| Accruals and deferred income | 500 | 500
|  | 230,441 | 63,614
8. | Related party transactions
| Included in amounts owed to group undertakings is an amount of £220,372 (2024 : £Nil ) owed to Ascent Fund Services (Singapore).
9. | Controlling party
The company is a subsidiary of Ascent Fund Services (Singapore) PTE. LTD and is included in the consolidated accounts of that company. Ascent Fund Services (Singapore) PTE. LTD holds 100% shares of the company at the year end. Page 6