IRIS Accounts Production v19.2.0.596 10773394 Board of Directors 1.1.18 31.12.18 31.12.18 direct lending. false true true false false true false ordinary 1.00000 Redeemable 1.00000 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 10773394 2017-12-31 10773394 2018-12-31 10773394 2018-01-01 2018-12-31 10773394 2017-05-15 10773394 2017-05-16 2017-12-31 10773394 2017-12-31 10773394 ns15:EnglandWales 2018-01-01 2018-12-31 10773394 ns14:PoundSterling 2018-01-01 2018-12-31 10773394 ns10:Director1 2018-01-01 2018-12-31 10773394 ns10:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 10773394 ns10:FRS102 2018-01-01 2018-12-31 10773394 ns10:Audited 2018-01-01 2018-12-31 10773394 ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport 2018-01-01 2018-12-31 10773394 ns10:LargeMedium-sizedCompaniesRegimeForAccounts 2018-01-01 2018-12-31 10773394 ns10:FullAccounts 2018-01-01 2018-12-31 10773394 ns10:OrdinaryShareClass1 2018-01-01 2018-12-31 10773394 ns10:OrdinaryShareClass2 2018-01-01 2018-12-31 10773394 2 ns10:OrdinaryShareClass2 2018-01-01 2018-12-31 10773394 ns10:Director2 2018-01-01 2018-12-31 10773394 ns10:RegisteredOffice 2018-01-01 2018-12-31 10773394 ns5:CurrentFinancialInstruments 2018-12-31 10773394 ns5:CurrentFinancialInstruments 2017-12-31 10773394 ns5:Non-currentFinancialInstruments 2018-12-31 10773394 ns5:Non-currentFinancialInstruments 2017-12-31 10773394 ns5:ShareCapital 2018-12-31 10773394 ns5:ShareCapital 2017-12-31 10773394 ns5:RetainedEarningsAccumulatedLosses 2018-12-31 10773394 ns5:RetainedEarningsAccumulatedLosses 2017-12-31 10773394 ns5:ShareCapital 2017-05-16 2017-12-31 10773394 ns5:RetainedEarningsAccumulatedLosses 2017-05-16 2017-12-31 10773394 ns5:ShareCapital 2018-01-01 2018-12-31 10773394 ns5:RetainedEarningsAccumulatedLosses 2018-01-01 2018-12-31 10773394 ns5:ComputerEquipment 2018-01-01 2018-12-31 10773394 ns10:HighestPaidDirector 2018-01-01 2018-12-31 10773394 ns5:OwnedAssets 2018-01-01 2018-12-31 10773394 ns5:OwnedAssets 2017-05-16 2017-12-31 10773394 ns5:ComputerEquipment 2017-12-31 10773394 ns5:ComputerEquipment 2018-12-31 10773394 ns5:ComputerEquipment 2017-12-31 10773394 ns5:AdditionsToInvestments 2018-12-31 10773394 ns5:CostValuation 2018-12-31 10773394 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-12-31 10773394 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-12-31 10773394 ns5:DeferredTaxation 2017-12-31 10773394 ns5:DeferredTaxation 2018-01-01 2018-12-31 10773394 ns5:DeferredTaxation 2018-12-31 10773394 ns10:OrdinaryShareClass1 2018-12-31 10773394 ns10:OrdinaryShareClass2 2018-12-31 10773394 ns5:RetainedEarningsAccumulatedLosses 2017-12-31 10773394 1 2018-01-01 2018-12-31


REGISTERED NUMBER: 10773394 (England and Wales)












Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2018

for

Aurelius Finance Company Limited

Aurelius Finance Company Limited (Registered number: 10773394)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 6

Other Comprehensive Income 7

Statement of Financial Position 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


Aurelius Finance Company Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: K Dhir
T Nagler





REGISTERED OFFICE: 6th Floor
33 Glasshouse Street
London
W1B 5DB





REGISTERED NUMBER: 10773394 (England and Wales)





AUDITORS: Silbury Business Advisers Limited
Chartered Accountants and
Statutory Auditors
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Aurelius Finance Company Limited (Registered number: 10773394)

Strategic Report
for the Year Ended 31 December 2018

Review of Business
During the year the Company commenced its primary business of direct lending.

Significant new loans were to Grainger Games Limited, Medina Holdings Limited, Entertainment Magpie,
Granovit, Hawk Plant (UK) limited, Safestyle UK limited and Proco Global Limited.

In addition to the above a loan was granted to TFHC limited, a group company of Aurelius Equity
Opportunities SE & Co. KGaA.

The above loans are appraised using key performance indicators primarily: financial performance, liquidity,
asset recovery values and loan to value ratios.

Principal Risks and Uncertainties
The principal risks and uncertainties for direct lending and provision of loans of this nature are complex and
varied. Risks associated include credit and default risks, liquidity risk and market risk. Principal risks include
the recoverability of any loans and the ability of the borrowers to service their debt, which can include factors
external to the company.

The Company is exposed to interest rate risk because the entity raises financial funds at fixed and variable
interest rates. Interest rate risk arises from changes in market interest rates, particularly with respect to
variable interest and medium and long term assets and liabilities. Changes in the level of interest rates could
impair the value of the Company's financial investments, which would have a negative effect on its financial
performance.

Currency and exchange risk can arise when business is conducted with companies in the eurozone.

In common with all businesses in this sector, uncertainty regarding Brexit is having an impact on the
Company. The directors believe that the Company will be able to manage this risk.

Post Balance Sheet Events
Hawk Plant (UK) Limited went into administration after the year end and the Company are still in discussion
with the administrators to determine the extent of the recoverability. There is £5,000,000 due at the year end
date which has not been provided against as the directors are of the opinion that any provision can not
currently be quantified.

TFHC Limited have not repaid the loan of £500,000 by the specified post year end termination date. The
directors are still of the opinion that this loan will be recovered in full and therefore no provision is included in
these accounts.

Going Concern
The Company is reliant on support from its parent company, Aurelius Equity Opportunities SE & Co. KGaA for
continued business growth through their provision of additional capital.

ON BEHALF OF THE BOARD:





K Dhir - Director


29 September 2019

Aurelius Finance Company Limited (Registered number: 10773394)

Report of the Directors
for the Year Ended 31 December 2018

The directors present their report with the financial statements of the company for the year ended 31 December 2018.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2018.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2018 to the date of
this report.

K Dhir
T Nagler

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial
statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law
the directors have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company
law the directors must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the company and of the profit or loss of the company for that period. In
preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company 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 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 hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the
Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps
that he ought to have taken as a director in order to make himself aware of any relevant audit information and
to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Silbury Business Advisers Limited, will be proposed for re-appointment at the forthcoming
Annual General Meeting.

ON BEHALF OF THE BOARD:





K Dhir - Director


29 September 2019

Report of the Independent Auditors to the Members of
Aurelius Finance Company Limited

Opinion
We have audited the financial statements of Aurelius Finance Company Limited (the 'company') for the year
ended 31 December 2018 which comprise the Income Statement, Other Comprehensive Income, Statement
of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, 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 our opinion the financial statements:
- give a true and fair view of the state of the company's affairs as at 31 December 2018 and of its profit for
the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors'
responsibilities for the audit of the financial statements section of our report. We are independent of the
company in accordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to
report to you where:
- the directors' use of the going concern basis of accounting in the preparation of the financial statements is
not appropriate; or
- the directors have not disclosed in the financial statements any identified material uncertainties that may
cast significant doubt about the company's ability to continue to adopt the going concern basis of
accounting for a period of at least twelve months from the date when the financial statements are
authorised for issue.

Other information
The directors are responsible for the other information. The other information comprises the information in the
Strategic Report and the Report of the Directors, but does not include the financial statements and our Report
of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether there is a
material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which
the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable
legal requirements.

Report of the Independent Auditors to the Members of
Aurelius Finance Company Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of
the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the directors determine necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the directors either intend to liquidate the company or to cease
operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
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 a Report of the Auditors 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
financial statements.

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
Report of the Auditors.

Use of our report
This report is made solely to the 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 company's
members those matters we are required to state to them in a Report of the Auditors and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
company and the company's members as a body, for our audit work, for this report, or for the opinions we
have formed.




Christopher E Baylis (Senior Statutory Auditor)
for and on behalf of Silbury Business Advisers Limited
Chartered Accountants and
Statutory Auditors
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

30 September 2019

Aurelius Finance Company Limited (Registered number: 10773394)

Income Statement
for the Year Ended 31 December 2018

Period
16.5.17
Year Ended to
31.12.18 31.12.17
Notes £    £   

REVENUE 3 2,013,910 63,000

Cost of sales 963,707 37
GROSS PROFIT 1,050,203 62,963

Administrative expenses 596,222 90,626
OPERATING PROFIT/(LOSS) 5 453,981 (27,663 )

Interest receivable and similar income 972 -
454,953 (27,663 )

Interest payable and similar expenses 6 411,665 443
PROFIT/(LOSS) BEFORE TAXATION 43,288 (28,106 )

Tax on profit/(loss) 7 14,209 (5,000 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

29,079

(23,106

)

Aurelius Finance Company Limited (Registered number: 10773394)

Other Comprehensive Income
for the Year Ended 31 December 2018

Period
16.5.17
Year Ended to
31.12.18 31.12.17
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 29,079 (23,106 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

29,079

(23,106

)

Aurelius Finance Company Limited (Registered number: 10773394)

Statement of Financial Position
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 8 1,119 1,492
Investments 9 23,500,000 -
23,501,119 1,492

CURRENT ASSETS
Debtors 10 3,511,386 10,788
Cash at bank 3,749,747 55,524
7,261,133 66,312
CREDITORS
Amounts falling due within one year 11 3,611,042 90,909
NET CURRENT ASSETS/(LIABILITIES) 3,650,091 (24,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,151,210

(23,105

)

CREDITORS
Amounts falling due after more than one
year

12

16,505,236

-
NET ASSETS/(LIABILITIES) 10,645,974 (23,105 )

CAPITAL AND RESERVES
Called up share capital 14 10,640,001 1
Retained earnings 15 5,973 (23,106 )
SHAREHOLDERS' FUNDS 10,645,974 (23,105 )

The financial statements were approved by the Board of Directors on 29 September 2019 and were signed on
its behalf by:





K Dhir - Director


Aurelius Finance Company Limited (Registered number: 10773394)

Statement of Changes in Equity
for the Year Ended 31 December 2018

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 1 - 1
Total comprehensive income - (23,106 ) (23,106 )
Balance at 31 December 2017 1 (23,106 ) (23,105 )

Changes in equity
Issue of share capital 10,640,000 - 10,640,000
Total comprehensive income - 29,079 29,079
Balance at 31 December 2018 10,640,001 5,973 10,645,974

Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial
statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
The assumptions underlying judgements are based on the information available at the time of
preparing the financial statements. Estimates and assumptions are reviewed on a regular basis.

It is the nature of a company carrying out the business of the granting of loans that some loans
become irrecoverable. When reviewing the recoverability of loans granted, the directors use best
judgment to determine the need for any provisions or write offs.

Turnover
Turnover consists of interest receivable, monitoring fees and arrangement fees on loans as well fees
relating to due diligence works carried out . Interest receivable is recognised as it falls due.
Arrangement fees are recognised over the life of the loan and monitoring fees are recognised monthly
over the course of the year on a straight line basis. Due diligence fees are recognised as due
regardless of whether or not the loan agreement is then initiated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and liabilities are to be recognised initially on the transaction date when the Company
becomes party to the contractual provisions of the financial instrument. Financial assets measured at
amortised cost comprise cash, trade debtors, other debtors and amounts owed by associated
undertakings.
Financial assets are derecognised when the rights to receive cash flows from the financial assets
have expired or the risks and rewards of ownership have been transferred. Financial liabilities
measured at amortised cost comprise bank loans and overdrafts, trade creditors, other creditors and
accruals.

For the purpose of determining whether the contractual cash flows are solely payments of principal and
interest, the principal is defined as the fair value of the financial asset upon initial recognition. Interest
is defined as the compensation for the time value of money and the default risk associated with an
outstanding principal amount over a certain time period, and for other fundamental credit risk, costs,
and a profit margin.


Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits of
this company.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the statement of financial position date. Transactions in foreign currencies are translated into sterling
at the rate of exchange ruling at the date of transaction. Exchange differences are allocated to the
appropriate heading within the Income Statement.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

Other provisions
Provisions are recognised when the Company has a present legal or constructive obligation to a third
party, arising from a past event, and when it is more likely than not that the settlement of the obligation
will lead to an outflow of economic resources, and when the amount of the provision can be measured
reliably. Uncertain obligations are measured at the best possible estimate.

3. REVENUE

The revenue and profit (2017 - loss) before taxation are attributable to the one principal activity of the
company.

4. EMPLOYEES AND DIRECTORS
Period
16.5.17
Year Ended to
31.12.18 31.12.17
£    £   
Wages and salaries 427,335 52,698
Social security costs 56,070 6,767
Other pension costs 1,340 -
484,745 59,465

Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
Period
16.5.17
Year Ended to
31.12.18 31.12.17

2 2

Period
16.5.17
Year Ended to
31.12.18 31.12.17
£    £   
Directors' remuneration 253,344 11,250
Directors' pension contributions to money purchase schemes 1,340 -

Information regarding the highest paid director for the year ended 31 December 2018 is as follows:


Year Ended
31.12.18
£   
Emoluments etc 54,167

5. OPERATING PROFIT/(LOSS)

The operating profit (2017 - operating loss) is stated after charging/(crediting):

Period
16.5.17
Year Ended to
31.12.18 31.12.17
£    £   
Other operating leases 19,193 5,166
Depreciation - owned assets 373 498
Auditors' remuneration 2,250 2,250
Auditors' remuneration for non audit work 3,750 3,750
Foreign exchange differences (9,682 ) -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
16.5.17
Year Ended to
31.12.18 31.12.17
£    £   
Loan 411,665 443

Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

7. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
Period
16.5.17
Year Ended to
31.12.18 31.12.17
£    £   
Current tax:
UK corporation tax 9,209 -

Deferred tax 5,000 (5,000 )
Tax on profit/(loss) 14,209 (5,000 )

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The
difference is explained below:

Period
16.5.17
Year Ended to
31.12.18 31.12.17
£    £   
Profit/(loss) before tax 43,288 (28,106 )
Profit/(loss) multiplied by the standard rate of corporation tax in the
UK of 19 % (2017 - 19 %)

8,225

(5,340

)

Effects of:
Expenses not deductible for tax purposes 984 -
Estimated further deferred tax on losses 5,000 340

Total tax charge/(credit) 14,209 (5,000 )

8. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2018
and 31 December 2018 1,990
DEPRECIATION
At 1 January 2018 498
Charge for year 373
At 31 December 2018 871
NET BOOK VALUE
At 31 December 2018 1,119
At 31 December 2017 1,492

9. FIXED ASSET INVESTMENTS

Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018
Loans to
group Other
undertakings loans Totals
£    £    £   
New in year 500,000 23,000,000 23,500,000
At 31 December 2018 500,000 23,000,000 23,500,000

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors (20 ) -
Amounts owed by group undertakings 1,488 -
Current loans receivable 3,309,777 -
Deferred tax asset - 5,000
Prepayments and accrued income 200,141 -
Prepayments - 1,929
Rent deposit - 3,859
3,511,386 10,788

An amount of £3,309,777 representing a loan receivable is due for repayment within 9 months of the
year end.

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 17,117 13,069
Amounts owed to group undertakings 2,660,000 60,519
Tax 9,209 -
Social security and other taxes 13,968 11,321
Accruals and deferred income 777,831 -
Accrued expenses 132,917 6,000
3,611,042 90,909

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.18 31.12.17
£    £   
Amounts owed to group undertakings 16,505,236 -

13. PROVISIONS FOR LIABILITIES
Deferred
tax
£   
Balance at 1 January 2018 (5,000 )
Unused amounts reversed during year 5,000
Balance at 31 December 2018 -

Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

14. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.12.18 31.12.17
value: £    £   
1 ordinary £1 1 1
10,640,000 Redeemable 1 10,640,000 -
10,640,001 1

10,640,000 Redeemable shares of 1 each were allotted and fully paid for cash at par during the year.

15. RESERVES
Retained
earnings
£   

At 1 January 2018 (23,106 )
Profit for the year 29,079
At 31 December 2018 5,973

16. ULTIMATE PARENT COMPANY

Aurelius Equity Opportunities SE & Co. KGaA (incorporated in Germany ) is regarded by the directors
as being the company's ultimate parent company.

17. OTHER FINANCIAL COMMITMENTS

There is a revolving credit facility available for £3 million which has not been drawn down by the
customer. This has not been provided for within these accounts as there is no certainty it will be
utilized.

Additionally a further two loans have not been drawn down in their entirety, a total of £2.5 million. This
has not been provided for as the customers are under no obligation to draw these amounts.

18. RELATED PARTY DISCLOSURES

Aurelius Finance Company Limited (Registered number: 10773394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

Other related parties

Related Party Nature of transaction Amount
£
Aurelius Equity Opportunities SE &
Co

Loan liability

(19,165,236

)
KGaA Loan interest due and not paid 1,488

Redeemable shares issued
during the year

10,640,000
Loan interest charged 411,667
Loan fees charged 208,098
Consultancy fees charged 52,360


TFHC Ltd Loan Receivable 500,000
Interest received 3,734
Arrangement fee received 1,667
Monitoring fee received 3,333

The liability of the loans to Aurelius Equity Opportunities SE & Co KGaA total £19,165,236 in capital. Due within one year is £2,660,000, with the remaining £16,505,236 recognised as a non current liability. Loans accrue interest at a variable rate equivalent to LIBOR plus a fixed interest rate between 4-9.5%.
Additional loan fees are charged between 2-4% payable on a monthly basis over the life of the loan.

19. POST BALANCE SHEET EVENTS

Hawk Plant (UK) Limited went into administration after the year end and the Company are still in
discussion with the administrators to determine the extent of the recoverability. There is £5,000,000
due at the year end date which has not been provided against as the directors are of the opinion that
any provision can not currently be quantified.

TFHC Limited have not repaid the loan of £500,000 by the specified post year end termination date.
The directors are still of the opinion that this loan will be recovered in full and therefore no provision is
included in these accounts.

20. GOING CONCERN

It is the nature of a company carrying out the business of the granting of loans that some loans
become irrecoverable. In adopting the Going Concern presumption, the directors have considered the
impact of such events on the Company and have concluded that the Going Concern assumption is still
appropriate.