AUGUSTA 005 LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements of the Company have been prepared on a basis other than going concern. As explained in note 2 to the financial statements, the directors do not believe the going concern basis to be appropriate and, in consequence, these financial statements have not been prepared on this basis.

1. AUGUSTA 005 LIMITED 2021-01-25 → present
2. AUGUSTA VENTURES LIMITED 2017-03-22 → 2021-01-25
3. INDEPENDENT LITIGATION FUNDING LIMITED 2009-01-13 → 2017-03-22
4. K2L 708 LIMITED 2008-09-02 → 2009-01-13

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements of the Company have been prepared on a basis other than going concern. As explained in note 2 to the financial statements, the directors do not believe the going concern basis to be appropriate and, in consequence, these financial statements have not been prepared on this basis.”

Significant events

• “The principal activity of the Company during 2024 was to manage the Company's existing loan book on a run-off basis.”
• “Litigation loan related fees reduced by 75% from £5,797,745 in 2023 to £1,434,823 in 2024 due to a reduced value of cases successfully resolving during the year.”
• “Operating expenses decreased from £291,661 in 2023 to £270,581 in 2024 primarily due to a reduction in professional fees required to support the management of litigation funding activities.”
• “On 30 December 2024, Tejo Investments S.à.r.l ("Tejo") was wound up. The company's loan with Tejo was exchanged for a loan with Augusta Securities Limited under the same terms. The repayment date for the loan is 16 May 2028 and the loan attracts interest at 9% per annum.”
• “On 28 June 2024, the company entered into a loan agreement with Augusta Pool 1 UK Limited ("APIUK") to provide additional funding for one of the company's litigation funding loans.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -72%

  £6,101,933 → £1,710,236

• Cash

  -20%

  £206,806 → £165,480

• Net assets

  +4.8%

  £57,666 → £60,440

• Employees

  —

  Not reported

• Profit before tax

  +365.7%

  -£1,396 → £3,709

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers