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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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APRIROSE HOLDING LIMITED
COMPANY INFORMATION
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APRIROSE HOLDING LIMITED
CONTENTS
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APRIROSE HOLDING LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present the strategic report for Aprirose Holding Limited (the “Company”) and its subsidiaries (the “Group”) for the year ended 31 December 2025.
During the year under review, the Group continued to operate in a challenging trading environment. Notwithstanding these conditions, the Group completed a number of new investments and delivered a resilient performance.
The Group's diversified portfolio and active asset management approach have supported the continued delivery of its business plan, with key investments performing in line with expectations and generating consistent cash flows. Whilst economic and geopolitical uncertainties remain, the directors are encouraged by improving investor sentiment and increasing market activity. The Group remains well positioned to capitalise on opportunities as market conditions continue to normalise. Turnover from continuing operations increased by £8.7m to £13.8m in 2025. Cost of sales and administration expenses from continuing operations increased by £7.2m to £13.7m. Overall, there was an operating profit of £190k for the year ended 31 December 2025. Total profit for the financial year after tax was £3.6m compared to a loss after tax of £2.0m for 2024.
There are a few principal risks and uncertainties which have been identified within the business which could have an impact on the Group's long-term performance.
Performance of assets under management Should the assets under management suffer any material measure of decline then the ability of the Group to charge fees under the terms of its management agreements will begin the suffer. This over time would materialise itself as a cashflow issue. However the Group manages properties across a wide range of industries and along with operational and tenanted assets. This diversity in the Group's management activities provide a robust defence against decline in any single market or industry. The Group also actively asset manages all its properties under management to ensure that the revenue generation on behalf of its investors is maintained which in turn provides continued revenue for the Group. Recovery of loans to investments Should the assets under management suffer any material measure of decline then the ability of the Group to recover the loans made to investments would be impacted. The Group invests in properties across a wide range of industries, and along with operational and tenanted assets in the hotel and pub sectors. The diversity in the Group's investment activities provides a defence against recovery issues across all loans, alongside the Groups involvement in overseeing the day to day management of the operational assets. The inability to recover the full loan value would impact future cashflows on wind up of the specific investment structure.
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APRIROSE HOLDING LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The key performance indicators (KPIs) that the Directors consider relevant in judging the performance of the business include, group net asset value, free cash, and client satisfaction.
The core driver of net asset value and free cash are the economic environment. Thus it remains critical when identifying investment opportunities for our pool of clients, with whom we closely identify, that our experience is brought to the fore in ensuring that not only will the investments metrics stand firm but that we have robustly considered the changing economic environment. The primary key risk indicators that we monitor in this area are (i) cash on cash yield, (ii) borrowing costs, (iii) consumer confidence and market trends. When appraising and evaluating new investment opportunities we rely on our well-established track record and the experience of our board and associated advisors, with over 65 years experience in the industry, and our strong existing and developing relationships with agents, bankers, and investors. The nature of the Group's activities is such that more detailed KPIs are not considered necessary in monitoring the performance of the business.
The directors are well aware of their duty under s.172 of the Companies Act 2006 to act in the way which they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole and, in doing so, to have regard (amongst other matters) to:
∙the likely consequences of any decision in the long term;
∙the interests of the Company's employees;
∙the need to foster the Company's business relationships with suppliers, customers and others;
∙the impact of the Company's operations on the community and the environment;
∙the desirability of the Company maintaining a reputation for high standards of business conduct;
∙the need to act fairly as between members of the Company.
Long-term impact
The Board regularly update the Company and its stakeholders on current business affairs and in doing so considers the long-term consequences of the decisions made. All decisions are well thought out and challenged at Board meetings before being made final in order to ensure the impact they have is well-considered. Colleagues They are a resource dedicated to providing our service to the highest possible standard so that our business can thrive. Various activities and forums to foster participation in group events as well as regular colleague opinions surveys and staff events are held so the Board can actively engage with its colleagues. The Board continued to encourage staff to progress and grow providing them with clarity on career development and promotion-opportunities that are present in a high-growth environment. Customers Our customers are concerned with receiving high-quality asset and investment management and the Company continues to go above and beyond to meet these demands. With positive results achieved throughout the year across a multitude of assets and portfolios, our customers continue to receive exceptional services from the Group. The Board and its colleagues engage directly with its customers to ensure this persists to be the case. Communities We demonstrate the Company's culture and commitment for great causes in the community. Colleagues and other stakeholders are encouraged at all times to partake in charitable activity on behalf of the Company. Donations are made and go to great causes that the Board take upon them to discuss and decide to ensure the Company serves a greater purpose than its business objectives.
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APRIROSE HOLDING LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Group expects there to be no changes expected to the business or its operations in the near future.
This report was approved by the board and signed on its behalf.
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APRIROSE HOLDING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for Aprirose Holding Limited (the 'Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025.
The profit for the year, after taxation, amounted to £3,765,297 (2024: loss of £1,990,074).
Dividends declared and paid during the year totalled £Nil (2024: £100,000). The directors do not recommend the payment of any further dividends.
The directors who served during the year were:
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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APRIROSE HOLDING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
There have been no significant events affecting the Group since the year end.
The auditors, HaysMac LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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APRIROSE HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APRIROSE HOLDING LIMITED
We have audited the financial statements of Aprirose Holding Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated and Company Statements of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated and Company Statement of Changes in Equity, the Consolidated Analysis of Net Debt and and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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APRIROSE HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APRIROSE HOLDING LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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APRIROSE HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APRIROSE HOLDING LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Group and industry, we considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates. Audit procedures performed by the engagement team included:
∙Challenging assumptions and judgements made by management in their critical accounting estimates;
∙Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; and
∙Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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APRIROSE HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APRIROSE HOLDING LIMITED (CONTINUED)
This report is made solely to the parent Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent Company and the parent Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditors
10 Queen Street Place
EC4R 1AG
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APRIROSE HOLDING LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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APRIROSE HOLDING LIMITED
REGISTERED NUMBER: 09719060
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 38 form part of these financial statements.
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APRIROSE HOLDING LIMITED
REGISTERED NUMBER: 09719060
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
As permitted by s408 Companies Act 2006, the Company has not presented its own profit and loss account and related notes as it prepared group accounts. The Company's loss for the year ended 31 December 2025 was £378,336 (2024: profit of £482,079).
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 38 form part of these financial statements.
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APRIROSE HOLDING LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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APRIROSE HOLDING LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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APRIROSE HOLDING LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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APRIROSE HOLDING LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Aprirose Holding Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 09719060 and its registered office address is 1st Floor 88 Baker Street, London, W1U 6TQ.
The Company's and Group's principal activity is disclosed within the Group Strategic Report.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries (the 'Group') as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In preparing the financial statements, the directors have made an assessment of the Group’s ability to continue as a going concern.
The directors have prepared budgets and cash flow forecasts for the Group. They have considered post year end trade as part of their assessment. The forecasts show that the Group has the required cash to meet its liabilities, even in a worst case scenario. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
1. Accounting fees are recognised on completion of the services provided. 2. Commissions earned on client rent collection are recognised when rents are collected. 3. Insurance commissions are recognised on a receipts basis, or when typically collected. 4. Fees for loan arrangement, property management and property sales and acquisitions are recognised on completion of the services provided. 5. Other income derived from non-core activities are recognised on a receipts basis. 6. Compensation and termination fees are recognised on a receipts basis. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probably the expenses recognised will be recovered. Turnover includes income from the operation of a hotel which excludes value added tax and trade discounts and represents the invoiced value of goods and services supplied. This is recognised at the point of sale at which the accommodation and related services are provided. Turnover from the rendering of services and advance bookings is recognised in respect of overnight accommodation in the period in which the stay occurs. Monies paid in advance are held within deferred income and are released upon the service being delivered.
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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 bases:
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.
Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Loans to fixed asset investments Where the Group and the Company has issued loans to its fixed asset investments and there is an indicator of impairment, an assessment over the recoverability will be performed. The assessment is based on the net assets of the investment, which includes the property valuations. These valuations are based on estimates of future cashflows from the asset and any change in performance compared to forecast could impact the valuation. Goodwill The estimated life of ten years of goodwill is based on managements expectation of the period over which benefits will be obtained. The value of goodwill means that any difference between actual and expected results could impact the goodwill amortisation period and have a material impact on the accounts. Management assess goodwill where there is an indicator of impairment at each year end. Investment in subsidiaries Judgement is required in assessing whether impairment of the investments in subsidiaries carrying value is required. The directors reviewed the carrying value of its investment in subsidiaries at each balance sheet date, with reference to the fair value, less costs to sell, of each subsidiary. An assessment is made using valuation metrics to establish if an impairment should be recognised. In the current year as noted in the investments note an impairment occurred during the year. Property valuation in associates Properties, including those owned by the Group or indirectly in the real estate investments the Group holds an interest in, are valued both internally and externally by a qualified chartered surveyor. Valuations are made as at the reporting date and conform to International Valuation Standards. Valuations are made using various assumptions and estimates which include, but are not limited to, market yields, transaction prices of similar properties, tenure and tenancy details. Recoverability of intercompany debtors (company only) The Company makes an estimate of the recoverability of intercompany debtors. When assessing recoverability of intercompany debtors, management considers factors including their judgement of future expected revenue and profits of trading subsidiaries and their individual strategies for repayment. Management continue to monitor recoveries closely and will consider providing for debts should there be further uncertainties over recoveries. Any material change to these estimates would affect the Company Statement of Comprehensive Income and the amounts due from group undertakings in the Company Statement of Financial Position.
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 25
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 26
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 27
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12.Taxation (continued)
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 29
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 30
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 31
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 32
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 33
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 34
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Share premium account
Profit and loss account
Page 35
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The acquisition resulted in goodwill arising on a group level in these financial statements, equal to the net liabilities of London Dockside Limited as at the acquisition date. The following table summarises the consideration paid by the Company (£nil), the fair value of the assets acquired, and the liabilities assumed at the acquisition date.
Page 36
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
24.Business combinations (continued)
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £344,355 (2024: £268,523). Contributions totalling £8,360 (2024: £Nil) were payable to the fund at the reporting date and the balance is included within other creditors.
Page 37
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APRIROSE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
In the opinion of the directors, there is no ultimate controlling party.
Page 38
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