AAPG INVESTMENTS UK LIMITED


Director	Adrian Palmer-Geaves


Registered Address	24 Old Bond Street
	London
	W1S 4AP


Registered Number	09975410 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investments	3		26,911		26,911
			26,911		26,911
Current assets
Debtors	4,5	1,072,232		1,091,018
Cash at bank and on hand		520,199		508,209
		1,592,431		1,599,227
Creditors amounts falling due within one year	6	(857,847)		(899,411)
Net current assets (liabilities)			734,584		699,816
Total assets less current liabilities			761,495		726,727
Net assets			761,495		726,727
Capital and reserves
Called up share capital			104		104
Profit and loss account			761,391		726,623
Shareholders' funds			761,495		726,727

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 October 2026, and are signed on its behalf by:

Adrian Palmer-Geaves
Director
Registered Company No. 09975410

AAPG INVESTMENTS UK LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements contain information about AAPG Investments UK 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 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.

Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements contain information about AAPG Investments UK 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 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 25	26,911	26,911
At 31 March 26	26,911	26,911
Net book value
At 31 March 26	26,911	26,911
At 31 March 25	26,911	26,911

	Notes
	¹Investments in group undertakings and participating interests

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	307,178	323,965
Total	307,178	323,965

5.	Debtors: amounts due after one year

	2026	2025
	£	£
Amounts owed by group undertakings	584,092	586,092
Amounts owed by associates and joint ventures / participating interests	180,962	180,962
Total	765,054	767,054

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	9,984	7,657
Other creditors	846,379	890,560
Accrued liabilities and deferred income	1,484	1,194
Total	857,847	899,411

7.	Related party transactions
	Within debtors is an amount due from AAPG (Property) Limited of £584,092 (2025 - £586,092). The loan is interest free and not due for repayment until after 31 March 2027. Within debtors is an amount due from S16.Partners Limited of £180,962 (2025 - £180,962). The loan is interest free and not due for repayment until after 31 March 2027. Within creditors due within one year is an amount of £846,379 (2025 - £890,560) due to the company director, the loan is interest free with no fixed terms of repayment.

Related party transactions

Within debtors is an amount due from AAPG (Property) Limited of £584,092 (2025 - £586,092). The loan is interest free and not due for repayment until after 31 March 2027.

Within debtors is an amount due from S16.Partners Limited of £180,962 (2025 - £180,962). The loan is interest free and not due for repayment until after 31 March 2027.

Within creditors due within one year is an amount of £846,379 (2025 - £890,560) due to the company director, the loan is interest free with no fixed terms of repayment.