Aesara Partners Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Aesara Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10793064 . The registered office is Warnford Court, 29 Throgmorton Street, London, EC2N 2AT.

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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.3. 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:

Fixtures & Fittings	over 8 years on a straight line basis
Computer Equipment	over 4 years on a straight line basis

2.4. Financial Instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Investments

Investments in subsidiaries are held at cost less accumulated impairment losses.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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Aesara Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

2.7. Related party exemption

The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.

2.8. Preparation of consolidated accounts exemption

The company is exempt under Section 399 of the Companies Act from the requirement to prepare consolidated financial statements by virtue of the fact it is subject to the small companies regime. These financial statements contain information the company as an individual undertaking and not about this group.

2.9. Share-based payments

Share-based payment transactions of the Company

Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. Details regarding the determination of the fair value of equity-settled share-based transactions are set out in the share-based payment note.

The fair value determined at the grant date of the equity-settled share-based payments is expensed over the vesting period, based on' the Company's estimate of equity instruments that will eventually vest, with a corresponding increase in equity. At the end of each reporting period, the Company revises its estimate of the number of equity instruments expected to vest. The impact of the revision of the original estimates, if any, is recognised in profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to the equity-settled employee benefits reserve.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 13 (2025: 12)

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Aesara Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	4,770	17,063	21,833
Additions	-	2,724	2,724

As at 31 March 2026	4,770	19,787	24,557

Depreciation
As at 1 April 2025	3,285	13,507	16,792
Provided during the period	596	2,253	2,849

As at 31 March 2026	3,881	15,760	19,641

Net Book Value
As at 31 March 2026	889	4,027	4,916

As at 1 April 2025	1,485	3,556	5,041

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2025	45,871

As at 31 March 2026	45,871

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	45,871

As at 1 April 2025	45,871

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	873,264	969,417
Amounts owed by group undertakings	61,584	-
Other debtors	146,929	75,520

	1,081,777	1,044,937

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Aesara Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	304,544	370,931
Amounts owed to group undertakings	-	170,810
Other creditors	1,393,565	1,272,325
Taxation and social security	252,729	201,135

	1,950,838	2,015,201

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	116	116

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	19,845	38,925

	19,845	38,925

10. Share-based Payments

7,968 C ordinary shares were in exsitence as at 31 March 2026 with a subscription price of 0.10p. Holders of C shares can only participate in the future growth of the company, through the conversion into B shares, if they continue to work for or provide services to the company and generate a set minimum of revenue.

The company is unable to directly measure the fair value of the C shares granted. Instead the fair value of the shares granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value share schemes similar to that of the company.

7,968 (2025: 9,563) C shares were in existence at 31 March 2026, the changes during the year were as follow:

Brought forward as at 1 April 2025: 9,563

Granted during the year: 548

Shares converted/ redeemed: (2,143)

Carried forward at 31 March 2026: 7,968

Equity settled schemes - charges arising: £6,048 (2025: £20,666).

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,916		5,041
Investments	5		45,871		45,871

			50,787		50,912
CURRENT ASSETS
Debtors	6	1,081,777		1,044,937
Cash at bank and in hand		1,025,252		1,046,490

		2,107,029		2,091,427
Creditors: Amounts Falling Due Within One Year	7	(1,950,838 )		(2,015,201 )

NET CURRENT ASSETS (LIABILITIES)			156,191		76,226

TOTAL ASSETS LESS CURRENT LIABILITIES			206,978		127,138

NET ASSETS			206,978		127,138

CAPITAL AND RESERVES
Called up share capital	8		116		116
Capital redemption reserve			3		3
Share-based Payments			22,144		20,666
Profit and Loss Account			184,715		106,353

SHAREHOLDERS' FUNDS			206,978		127,138

N Dassas Director	H J Montgomery Director
30 July 2026