Au Depart Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10588034

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		70,761		39,276

			70,761		39,276
CURRENT ASSETS
Debtors	5	6,781,955		2,696,773
Cash at bank and in hand		274,267		154,935

		7,056,222		2,851,708
Creditors: Amounts Falling Due Within One Year	6	(15,865,770 )		(7,711,919 )

NET CURRENT ASSETS (LIABILITIES)			(8,809,548 )		(4,860,211 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,738,787 )		(4,820,935 )

NET LIABILITIES			(8,738,787 )		(4,820,935 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(8,738,887 )		(4,821,035 )

SHAREHOLDERS' FUNDS			(8,738,787)		(4,820,935)

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Au Depart Limited

Balance Sheet (continued)

As At 31 March 2025

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Lisa Sze Wan SO

Director

18/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Au Depart Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10588034 . The registered office is 5 New Street Square, London, EC4A 3TW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The company’s balance sheet as at the year end shows net liabilities of £4,820,935 which indicates a deficiency in net assets.

The directors have received confirmation from Au Depart (HK) Holdings Ltd owners that they will continue to provide financial support to the company for at least 13 months from the date of approval of these financial statements. On this basis, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	33.33% straight line

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Au Depart Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 14)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	423	41,638	23,171	65,232
Additions	-	51,342	17,011	68,353
Disposals	-	(324 )	(10,456 )	(10,780 )

As at 31 March 2025	423	92,656	29,726	122,805

Depreciation
As at 1 April 2024	211	14,278	11,467	25,956
Provided during the period	106	21,072	9,908	31,086
Disposals	-	(162 )	(4,836 )	(4,998 )

As at 31 March 2025	317	35,188	16,539	52,044

Net Book Value
As at 31 March 2025	106	57,468	13,187	70,761

As at 1 April 2024	212	27,360	11,704	39,276

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Au Depart Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	10,755	-
Amounts owed by group undertakings	6,611,668	2,207,104
Other debtors	159,532	489,669

	6,781,955	2,696,773

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	938,171	1,013,384
Amounts owed to group undertakings	12,832,041	5,315,789
Other creditors	2,077,882	1,364,223
Taxation and social security	17,676	18,523

	15,865,770	7,711,919

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Audit Information

The auditor's report on the accounts of Au Depart Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Alistair Ian Wem BSc BFP FCA (Senior Statutory Auditor) for and on behalf of Wem & Co , Statutory Auditor.

Wem & Co

Chartered Accountants & Statutory Auditors

Savoy House, Savoy Circus

London

W3 7DA

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